i have been fortunate to work with many great investors; there is no one i'd recommend more highly than josh.

Start-up failures are up 60% in a year and venture capitalists are struggling to return cash to their investors. New data form Carta suggests the hangover from VCs boom years has kicked in. ft.com/content/2808ad…

1/ Via Financial Times Start-up failures in US up 60% over past year––as founders run out of cash raised during the tech boom of 2021-22–– threatening millions of jobs in venture-backed companies + risking a spillover to the wider economy.

✨I am now based in San Francisco, still covering artificial intelligence, including leading AI companies but also how the technology impacts different industries - get in touch with tips or suggestions on who to meet ☕️

Y Combinator has backed a company building "low-cost cruise missiles". Its the first time the prestigious start-up incubator has taken on a weapons company. ft.com/content/17f160…

Yet more boardroom drama at Klarna, where directors are weighing a decision to remove Mikael Walther, a key ally of co-founder Victor Jacobsson, ahead of a long-awaited IPO. Scoop w/ Maria Heeter Ivan Levingston and Richard Milne ft.com/content/df8da5…

Our story from last year which was an investigation into the deadly Pylos shipwreck has been shortlisted for the #IJ4EU impact award alongside some brilliant other stories. A reminder that recently a few of those who survived the shipwreck had their asylum denied in Greece…

OpenAI in talks to raise fresh funds at a valuation of more than $100bn on.ft.com/4cMp5qG

In #interview with the Financial Times, VP candidate JD Vance beseeches his former boss, Silicon Valley billionaire Peter Thiel, to "get off the sidelines" and help bankroll the #Trump campaign. By Alex Rogers, on the campaign trail in #Wisconsin: ft.com/content/52a7c7…

ICYMI, we got hold of Telegram's 2023 financial statement showing: - $342mn in revenues on an operating loss of $108mn - about 40% of revenues from cryptocurrency features - a balance sheet propped up by crypto (Toncoin) Story w Robert Smith ft.com/content/429f90…

Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors (Financial Times) on.ft.com/4cUVOu4 📫 Subscribe: techmeme.com/newsletter?fro… techmeme.com/240830/p15#a24…

Scoop w/ Madhumita Murgia: OpenAI is discussing changing its corporate structure with investors as it looks to raise $bns more. In the current structure, investors are advised: “It would be wise to view any investment in OpenAI in the spirit of a donation” ft.com/content/841f6e…

Excellent Pavel Durov profile by Hannah Murphy. "His arrest could mark the end of an era in which tech leaders have enjoyed relatively little responsibility for the content on their platforms." ft.com/content/c12b1c…

As AI ventures deeper into uncharted territory, one thing is clear: it’s no longer about relying solely on massive datasets from the web. The new frontier is acquiring high-quality, labeled data through a data-centric AI approach. “There’s no more free lunch. You can’t rely on

“Expect us to increase support for organisations that call out companies and financial institutions that bend to the woke mind virus spread" A rare, bracing Alex Rogers interview with conservative activist Leonard Leo ft.com/content/0b38aa…

AI funding latest: OpenAI is aiming to raise $5bn-plus at a $150bn valuation... 🚀🚀🚀 New story with Cristina Criddle ft.com/content/dde085…

If you thought a tax on unrealised gains was bad, it could be a lot worse. “We require our founders to put their house and car on the line. In this market it is mandatory" Great reporting by Eleanor Olcott and @xueqiao1994 on China's VC squeeze ft.com/content/1e9e75…

scoop: Abu Dhabi’s Mubadala takes stake in Revolut ft.com/content/c718dc… w the team Akila Quinio Chloe Cornish

In response to the backlash against her, Loomer accused Greene of being “jealous” of her access to Trump, and Graham of being a closeted gay man. She also said Haitian immigrants were not only eating pets, but “they eat humans” as well via James Politi ft.com/content/4da6a5…

Investors pile into OpenAI’s $6bn funding round in unprecedented bet, but at a $150bn valuation, is it still a venture investment? ⁦George Hammond⁩ for Financial Times on.ft.com/4ev07gz