Krystal Hu
Stories by Krystal Hu
A16z may lead mega round in OpenAI ex-CTO’s startup Thinking Machines
The startup could be valued at $10 billion in the round.
OpenAI must complete for-profit transition by year-end to raise full $40b
SoftBank can pare funding if OpenAI fails to restructure into a for-profit company.
Sequoia, other VCs stand to gain 200x returns from Alphabet’s Wiz deal
The $32b deal is a major win for about 25 firms on Wiz's cap table.
Alphabet doubles down on cloud security with $32b Wiz buy—its biggest ever deal
Wiz will become a part of Google's cloud unit.
TikTok parent ByteDance valuation rises in US share buyback
ByteDance told its U.S.-based employees that it is offering $189.90 per share.
AI cloud startup Lambda raises $480m from Nvidia, others
The round was co-led by Andra Capital and SGW.
OpenAI’s Altman to stop in Abu Dhabi for fundraising talks with MGX: report
MGX had taken part in a $6.6b OpenAI funding round in Oct.
SoftBank in talks to lead $40b funding in OpenAI at $300b valuation: report
SoftBank could invest $15-25b directly into OpenAI.
Potential TikTok bidder seeks a CEO, prepares business overhaul
The plan faces several hurdles, including TikTok's repeated assertions that it cannot be divested from ByteDance.
Quantum AI startup SandboxAQ raises $300m at $5.6b valuation
SandboxAQ was spun off from Alphabet as an independent startup in 2022.
