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- Top chipmakers plan to invest in Arm's IPO, Stability AI exec departure, Vision Fund bounces back
Top chipmakers plan to invest in Arm's IPO, Stability AI exec departure, Vision Fund bounces back
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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