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OpenAI Co-Founder Raises $1 Billion for Safety-Focussed AI Startup SSI
The SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israel.
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CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
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"Will Be Last Man Standing": Ashneer Grover On Fake Invoices Charge
BharatPe's former CEO Ashneer Grover has hit out at the company, investors Sequoia Capital and people on social media who have been writing against him after the Economic Offences Wing's investigation pointed to a host of unexplained payments.
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Sequoia Capital Downsizes Crypto-Focussed Fund by 65 Percent Amid Market Slump: Report
Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).
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Byju CEO Assures Compliance Over Suspected Breaches of Forex Laws in Internal Memo After ED Raids
Indian education platform Byju's CEO is confident that the country's financial crime-fighting agency will find the company compliant after raids on its premises over suspected breaches of foreign exchange laws, according to an internal memo.
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FTX Customers Sue Financial Firms That Found Crypto Exchange ‘Safe and Secure’
Former customers of FTX crypto exchange have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting the cryptocurrency exchange before it went bankrupt. According to a complaint filed late Tuesday in San Francisco federal court, Sequoia Capital, Thoma Bravo and Paradigm were "incentiv...
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BharatPe CEO Suhail Sameer Steps Down, CFO Nalin Negi to Be Interim CEO as Firm Looks for Successor
BharatPe CEO Suhail Sameer has stepped down from his role of chief executive at the company, paving the way for current CFO Nalin Negi who will be interim CEO while the company looks for a successor. Sequoia-backed BharatPe has seen a series of top-level exits in recent months. The company did not reveal why Sameer, who previously had a falling out...
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In the SEC's Suit Against Bankman-Fried, What About the Customers?
FTX's Sam Bankman-Fried faces US SEC charges of fraud, after the crypto exchange collapsed last month. However, the SEC's lawsuit focused on a different group of alleged victims — the company's equity investors that reportedly included such firms as Sequoia, SoftBank, BlackRock and Temasek.
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Among Finance Ministers, No Agreement Yet On This Important Tax Issue
Real-money online games have become hugely popular in India, prompting foreign investors like Tiger Global and Sequoia Capital to back local gaming startups Dream11 and Mobile Premier League.
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Sam Bankman-Fried Cashed Out $300 Million During FTX's Fundraise in October 2021
After a successful $420 million (roughly Rs. 3,410 crore) fundraise in October 2021 from investors including Sequoia Capital, BlackRock and Temasek, FTX founder Sam Bankman-Fried took $300 million and sold some of his FTX stake.
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FTX Collapse: Temasek Writes Down $275 Million Investment in Fallen Crypto Firm Ahead of Bankruptcy Proceedings
Temasek on Thursday said it would write down its entire investment of $275 million (roughly Rs. 2,240 crore) in FTX. Other backers of the fallen crypto exchange such as SoftBank's Vision Fund and Sequoia Capital have also marked down their investment to zero after its collapse last week
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Elon Musk’s Twitter Bid Retains Support from Binance, Sequoia Capital For Web3 Push
Now that Elon Musk’s stance on whether or not to go with the deal is coming closer to confirmation, Binance crypto exchange and tech-focussed Sequoia Capital is backing the completion of this bid. The companies are hoping that the deal comes through so that the Web3 sector could get a major social media push.
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Sequoia Capital Reduces Holding In Zomato By Selling 2% Stake In open Market
Venture capital firm Sequoia Capital has reduced its holding in Zomato Ltd to 4.4 per cent after selling shares in open market, according to a regulatory filing by the online food delivery platform.
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Skincare Startup Mamaearth's IPO Next Year, Aims $3 Billion Valuation: Report
Sequoia Capital-backed Indian skincare startup Mamaearth is in talks to raise at least $300 million in a planned IPO next year
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Sequoia India Asks Court To Dismiss Former Counsel's Lawsuit: Report
Sequoia Capital India has asked a local court to dismiss a defamation lawsuit filed by one of its former general counsels, saying it was an attempt to curb its free speech rights and harm its interests, the venture capital firm's court filing shows.
-
OpenAI Co-Founder Raises $1 Billion for Safety-Focussed AI Startup SSI
The SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israel.
-
CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
-
"Will Be Last Man Standing": Ashneer Grover On Fake Invoices Charge
BharatPe's former CEO Ashneer Grover has hit out at the company, investors Sequoia Capital and people on social media who have been writing against him after the Economic Offences Wing's investigation pointed to a host of unexplained payments.
-
Sequoia Capital Downsizes Crypto-Focussed Fund by 65 Percent Amid Market Slump: Report
Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).
-
Byju CEO Assures Compliance Over Suspected Breaches of Forex Laws in Internal Memo After ED Raids
Indian education platform Byju's CEO is confident that the country's financial crime-fighting agency will find the company compliant after raids on its premises over suspected breaches of foreign exchange laws, according to an internal memo.
-
FTX Customers Sue Financial Firms That Found Crypto Exchange ‘Safe and Secure’
Former customers of FTX crypto exchange have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulently promoting the cryptocurrency exchange before it went bankrupt. According to a complaint filed late Tuesday in San Francisco federal court, Sequoia Capital, Thoma Bravo and Paradigm were "incentiv...
-
BharatPe CEO Suhail Sameer Steps Down, CFO Nalin Negi to Be Interim CEO as Firm Looks for Successor
BharatPe CEO Suhail Sameer has stepped down from his role of chief executive at the company, paving the way for current CFO Nalin Negi who will be interim CEO while the company looks for a successor. Sequoia-backed BharatPe has seen a series of top-level exits in recent months. The company did not reveal why Sameer, who previously had a falling out...
-
In the SEC's Suit Against Bankman-Fried, What About the Customers?
FTX's Sam Bankman-Fried faces US SEC charges of fraud, after the crypto exchange collapsed last month. However, the SEC's lawsuit focused on a different group of alleged victims — the company's equity investors that reportedly included such firms as Sequoia, SoftBank, BlackRock and Temasek.
-
Among Finance Ministers, No Agreement Yet On This Important Tax Issue
Real-money online games have become hugely popular in India, prompting foreign investors like Tiger Global and Sequoia Capital to back local gaming startups Dream11 and Mobile Premier League.
-
Sam Bankman-Fried Cashed Out $300 Million During FTX's Fundraise in October 2021
After a successful $420 million (roughly Rs. 3,410 crore) fundraise in October 2021 from investors including Sequoia Capital, BlackRock and Temasek, FTX founder Sam Bankman-Fried took $300 million and sold some of his FTX stake.
-
FTX Collapse: Temasek Writes Down $275 Million Investment in Fallen Crypto Firm Ahead of Bankruptcy Proceedings
Temasek on Thursday said it would write down its entire investment of $275 million (roughly Rs. 2,240 crore) in FTX. Other backers of the fallen crypto exchange such as SoftBank's Vision Fund and Sequoia Capital have also marked down their investment to zero after its collapse last week
-
Elon Musk’s Twitter Bid Retains Support from Binance, Sequoia Capital For Web3 Push
Now that Elon Musk’s stance on whether or not to go with the deal is coming closer to confirmation, Binance crypto exchange and tech-focussed Sequoia Capital is backing the completion of this bid. The companies are hoping that the deal comes through so that the Web3 sector could get a major social media push.
-
Sequoia Capital Reduces Holding In Zomato By Selling 2% Stake In open Market
Venture capital firm Sequoia Capital has reduced its holding in Zomato Ltd to 4.4 per cent after selling shares in open market, according to a regulatory filing by the online food delivery platform.
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Skincare Startup Mamaearth's IPO Next Year, Aims $3 Billion Valuation: Report
Sequoia Capital-backed Indian skincare startup Mamaearth is in talks to raise at least $300 million in a planned IPO next year
-
Sequoia India Asks Court To Dismiss Former Counsel's Lawsuit: Report
Sequoia Capital India has asked a local court to dismiss a defamation lawsuit filed by one of its former general counsels, saying it was an attempt to curb its free speech rights and harm its interests, the venture capital firm's court filing shows.
