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OpenAI-Backed Periodic Labs, Founded by Liam Fedus, Valued at $1 Billion Amid Rising AI Startup Investments | DeepNewz VC
Business Bytes
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10m ago
Medial
OpenAI-backed Periodic Labs, founded by Liam Fedus, has reached a valuation of $1 billion amid the growing prominence of artificial intelligence technologies. The company, which has garnered significant attention for its innovative approaches within AI, exemplifies the increasing investor interest in this sector. Such developments highlight the rapid advancements and financial opportunities within the AI industry, indicating a robust market presence and potential for substantial future growth.
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Top AI researchers leave OpenAI, Google and Meta for new startup - The Economic Times
Economic Times
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6m ago
Medial
A group of top AI researchers left major companies like OpenAI, Google, and Meta to join Periodic Labs, a startup aiming to boost real-world scientific discoveries through AI. With $300 million in backing, Periodic Labs focuses on integrating AI with large-scale physical experiments to revolutionize fields such as physics and chemistry. This marks a shift from the pursuit of abstract AI goals like superintelligence to practical applications in scientific research.
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Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC
deepnewz
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10m ago
Medial
American Bitcoin Corp, backed by Eric and Donald Trump Jr., has acquired 215 BTC, valued at over $23 million, since its launch on April 1. The company is merging with Gryphon Digital Mining and plans to go public under the ticker $ABTC by the third quarter of 2025.
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YZi Labs Invests in Avalon Labs, Backer of USDa Stablecoin and BTC-Collateralized Lending | DeepNewz VC
deepnewz
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10m ago
Medial
A VC firm, Yzi Labs, has invested in Avalon Labs, which supports a USDA stablecoin backed by BTC-collateralized lending. Meanwhile, Chengtong, a national team investor, is investing 600 million yuan in State-Owned Enterprise (SOE) Digital Economy ETFs as multiple products approach listing.
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Accel Warns 20% of Over 1,000 Tech Unicorns Will Fail Amid 90% Startup Failure Rate, Utah Leads Unicorn Ratio | DeepNewz VC
Business Bytes
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10m ago
Medial
Accel estimates that about 20% of tech startups valued over $1 billion, known as unicorns, will fail. This warning comes amid an overall startup failure rate of 90%. The information highlights the precarious nature of the tech startup environment, despite the high valuations and initial success these companies may experience. Accel's insights underscore the challenges and volatility businesses face in sustaining long-term growth and profitability in the competitive tech industry.
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Jeff Bezos-Backed Altos Labs Acquires Dorian Therapeutics, NewLimit Raises $130M for Anti-Aging Therapies | DeepNewz VC
Business Bytes
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10m ago
Medial
Jeff Bezos-backed Altos Labs has acquired Dorian Therapeutics, a small Peninsula company focused on anti-aging technologies. Altos Labs, which has raised $3 billion in funding, aims to explore solutions for longevity and combat aging processes. In another development, NewLimit, another company within the biotech sphere, successfully secured $130 million to support its initiatives. Both acquisitions and funding illustrate the burgeoning interest and investment in anti-aging research and therapies.
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Bitlayer Labs Secures Funding from MN Capital, Advances Bitcoin with BitVM and Over 260 Projects | DeepNewz VC
deepnewz
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10m ago
Medial
Bitlayer Labs has secured funding from MN Capital, advancing Bitcoin's BitVM technology. Starknet, a layer 2 solution for Ethereum, has significantly reduced gas fees, making it 500 times cheaper than Ethereum Layer 1. This optimization enhances both cost efficiency and user experience, making Starknet versatile and adaptable for various applications. Through these developments, both Bitlayer Labs and Starknet are set to offer improved blockchain solutions, further advancing the cryptocurrency ecosystem.
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Peak XV-backed Pine Labs targeting IPO in second half of 2025
VCCircle
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1y ago
Medial
Pine Labs, an Indian fintech backed by Peak XV, is planning a domestic IPO in the second half of 2025 despite current weak market conditions. CEO Amrish Rau emphasized focusing on building a lasting company rather than being swayed by the market. The $1 billion IPO will involve raising fresh capital and selling some existing stakes. Pine Labs, last valued at $5 billion, is diversifying income streams and focusing on tech solutions for financial institutions.
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US-based VC firm Thrive Capital to lead OpenAI’s share sale at $80-billion-plus valuation
Economic Times
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2y ago
Medial
Thrive Capital, an American venture capital firm, is reportedly leading a share sale of OpenAI, offering a valuation of at least $80 billion. This would mark a significant increase in valuation compared to their previous sale in April, and make OpenAI one of the most highly valued VC-backed companies. OpenAI has been experiencing rapid growth, with monthly revenue now exceeding $80 million. However, interest in their generative AI tool, ChatGPT, seems to have plateaued as website traffic and visitor engagement has declined in recent months.
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Jony Ive Partners With OpenAI and Sam Altman in $6.4 Billion Deal to Develop AI Hardware Startup io Valued at $6.5 Billion | DeepNewz VC
deepnewz
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10m ago
Medial
Jony Ive's AI hardware startup, io, has been valued at $6.5 billion following an all-stock deal with OpenAI. This collaboration with OpenAI's Sam Altman is poised to be highly lucrative for Ive, the designer of the iPhone.
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L'Oréal Set to Acquire Medik8 from Inflexion for €1 Billion, Announcement Expected Soon | DeepNewz VC
deepnewz
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10m ago
Medial
L'Oréal is reportedly set to acquire skincare brand Medik8 in a deal valued at approximately EUR 1 billion, according to sources. An official announcement is expected to be made soon. The acquisition aims to bolster L'Oréal's dermatological beauty division. This move aligns with L'Oréal's strategy to strengthen its presence in the competitive skincare market, showcasing its commitment to expanding its portfolio through targeted investments.
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