Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-driven boom, is raising $1 billion to back AI-focused companies, Bloomberg reported Monday. The funding, which will complement the company’s flagship fund, will come primarily from institutional investors. However, according to the report, high-net-worth individuals with accounts at brokerage Raymond James and … Read more
Welcome back to this week’s review. This week, we come to you in the wake of TechCrunch Disrupt! If you missed it, we’re highlighting conversations from Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Disney star turned CEO of the space Bridgit Mendler. Of course, we also have news from the rest of the … Read more
A €1.06 billion EU antitrust sanction against chipmaker Intel for abuse of dominance dating back to 2009 (when it was worth $1.45 billion) has been placed on the books of history after the bloc’s highest court rejected the commission’s appeal against a 2022 lower court ruling that overturned the sanction. “The Court of Justice rejects … Read more
Venture capital firms are spending huge sums on AI startups – especially those led by big names in tech – so SandboxAQ is reaching out again, even though it has raised a whopping $500 million early 2023. Google parent company Alphabet is reportedly looking to raise another funding round that would value it at $5 … Read more