Funding

Elon Musk's xAI raises $6 billion in new cash to fuel AI ambitions- BC

Elon Musk’s xAI raises $6 billion in new cash to fuel AI ambitions– BC

Leave a Comment / Ai, Elon Musk, Enterprise, Funding, Fundraising, Generative AI, startup, Startups, xAI / By

Updated December 25 at 12:21 pm Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s artificial intelligence company, has increase $6 billion in a Series C financing round. The company announced this week in which Andreessen Horowitz, Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy […]

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Trump's proposed university endowment tax could hurt funding, VC warns- BC

Trump’s proposed university endowment tax could hurt funding, VC warns– BC

Leave a Comment / Funding, Startups, TC, Venture, venture capital / By

Some venture capitalists are viewing the Trump administration’s massive proposed tax increase on university endowments with alarm, warns Ann Miura-Ko, co-founder of Floodgate Partners. “Right now there’s a proposal to take the endowment tax from 1.4 percent to 35 percent and most people would say, well, endowments are super rich, why do we care? Well,

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