Nikkei sources: Leading global chipmakers, including Apple, Nvidia, Samsung, and Intel, plan to invest in Arm’s IPO next month as soon as shares are listed; Arm’s expected IPO valuation is $60B+ - Link
Bloomberg sources: At least six of Stability AI’s senior executives have left the company recently, as current and former employees describe a chaotic work environment - Link
SoftBank reported a ~$426M Vision Fund profit in its fiscal Q1, after the unit lost ~$30B in FY2022 - Link
A message from Jason Calacanis:
We’ve launched a new incubator for Cloud Kitchen Startups... it’s called LAUNCH Cloud Kitchen (LiCK!)
We are looking for:
Successful tech entrepreneurs interested in the food/ghost kitchen space
Food entrepreneurs who want to expand in the ghost kitchen space
Entrepreneurs or chefs looking for a co-founder
Learn more and apply at https://ck.launch.co.
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Sunny Madra joins Jason to demo some new AI tools, including auto-generated articles, social clips, and ChatGPT’s newest feature. (3:50) Then, Jason sees pitches from three recent Founder University graduates and invests $25K in one of their startups! (40:33) - Link
One Model, an ATX-based startup that helps employers make AI-based decisions in recruiting, hiring, promotions, and layoffs, raised a $41M round led by Riverwood Capital - Link
Bloomberg sources: Some major investors, including Warburg Pincus, Carlyle Group, and Canada’s Pension Plan Investment Board, are opting out of Ant Group’s proposed share buyback after its valuation was cut 70%+ - Link
Simon Data, a startup that uses AI to help companies capture and leverage customer data for marketing purposes, raised a $54M Series D led by Macquarie Capital - Link
Researchers from three universities ran a political bias test on 14 LLMs; the tests found that Meta’s LLaMa was the most right-leaning and OpenAI’s GPT-4 was the most left-leaning - Link
This Week in Startups
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