OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity […]
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Sequoia is closing in on making its first deal in India and the broader Asia Pacific region since its split with former partners, according to four sources familiar with the matter. The venture capital firm, one of the world’s largest, is in advanced talks to back Vance, a Bengaluru-based cross-border payments startup, the sources said, […]
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Sequoia says no exits, no problem. The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment. Sequoia’s markup […]
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