Anduril is expanding even further into the “ultimate high ground.” The company, which is best known for AI-powered defense products that span air, land and sea, is partnering with satellite bus manufacturing startup Apex Space to rapidly deploy payloads on orbit for the U.S. Department of Defense. It is a rare instance of the growing […]
The VC buying up prized real estate in SF says not to ‘listen to agitators’
VC Neil Mehta, the Greenoaks Capital co-founder tied to a growing number of building purchases across several blocks of San Francisco’s once-glittering Fillmore Street, defended himself on Monday via an op-ed in The San Francisco Standard, saying the moves are solely about revitalizing a “city that has given me more than I could ever give […]
Fintech Bolt is buying out the investor suing over Ryan Breslow’s $30M loan
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled and enraged several shareholders, but also threatens to pull the company back into a legal…
VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices
VCs are increasingly buying shares of late-stage startups on the secondary market as they try to get pieces of the hottest ones — especially AI companies. But they are also increasingly doing so through financial instruments called special purpose vehicles (SVPs). Some of those SPVs are becoming such hot commodities that they are commanding premium […]
Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice
BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel, said it would purchase a 24.5% stake currently owned by Altice. Based on BT’s market cap […]