Krystal Hu
Stories by Krystal Hu
AI search startup Genspark raises $60m in seed round to challenge Google
The funding is led by Singapore-based fund Lanchi Ventures and valued the startup at $260 million.
OpenAI removes Sam Altman’s ownership of its Startup Fund
The change came after Altman's ownership of the OpenAI Startup Fund raised eyebrows for its unusual structure.
Andreessen Horowitz nears $7b funding haul for growth and sector-focused funds
A16z also told limited partners that AI will be the focus of the early stage funds.
US-based healthcare startup Abridge raises $150m for AI model for clinicians
The funding valued Abridge at about $850 million.
Peter Thiel’s Founders Fund takes a bet on crypto once again
From late summer to early fall last year, the fund invested $200m to acquire crypto tokens.
SoftBank-backed Cohesity to buy Veritas data security unit in $7b merger
The acquisition is expected to help Cohesity achieve positive growth margins and expand into international markets.
US startup funding falls 30% in 2023 despite AI megadeals: PitchBook
AI startups attracted one out of every three dollars invested in the US last year.
Crypto firm Ripple to buy back $285m of its shares at $11b valuation: report
Ripple said it expects to do more share buybacks on a regular basis.
Google Ventures adds general partner to focus on AI, open source startups
The VC has roped in Michael McBride from software firm GitLab as a GP.
Microsoft to take non-voting, observer position on OpenAI’s board: Altman
Microsoft's representative can attend OpenAI's board meetings and access confidential information.
