Dealmaker: Government-led initiatives to transform Abu Dhabi and Dubai into global tech hubs are beginning to bear fruit, Kate Clark reports after a weeklong trip through the UAE.

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My first feature story The Information: an inside look at BlackRock's digital assets journey, and where it's exploring next
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Big old scoop last night from natasha mascarenhas Margaux MacColl and me: Sequoia makes big bet on seed stage AI founder plucked from obscurity theinformation.com/articles/musks…

3 years ago today we sent out the very first edition of my Creator Economy newsletter!!! 🎂🎂

Since then, it’s grown to more than 100k subscribers, a flagship summit, a startup database with 550 cos. and so much more!

Sign up here, for free:
theinformation.com/newsletters/cr…

Everybody in tech seems to want to make friends with Saudi Arabia right now as the kingdom has trained its sights on becoming a dominant player in AI — and is pumping in eye-popping sums to do so. nyti.ms/3UygEt2

Source: Cognition, which offers an AI coding assistant, raised $175M led by Founders Fund at a $2B valuation, a month after a Series A at a $350M valuation (@kateclarktweets / The Information)

theinformation.com/articles/six-m…

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Every single day, a new AI funding deal knocks your socks off.

theinformation.com/articles/six-m… Kate Clark Cognition #devin

Exclusive: A young robotics firm with no revenue is raising money at a $1.5 billion valuation, reflecting a modest boom in robotics driven by AI advances.

theinformation.com/articles/ventu…

By Stephanie Palazzolo & Amir Efrati

I dug deep into the secretive SPVs behind Anthropic and OpenAI for my latest feature at The Information. We're talking SPV inception, control in an $86 billion tender and new efforts to quell all this money exchanging hands.

theinformation.com/articles/how-i…

Dealmaker: Lacework’s fire sale is a black mark on Sutter Hill’s track record and another loss for the crossover firms that piled into tech startups at high valuations during the zero interest rate period.

theinformation.com/articles/lacew…

From Kate Clark.

Mark Zuckerberg announces on Instagram that two small Llama 3 open-source models were released today, confirming my scoop from last week: theinformation.com/articles/meta-…

M&A SCOOP: Cyber startup Lacework, once valued at $8.3B, in talks to sell itself to privately held Wiz for as little as $150M.

Kind of a wild example of M&A to come in the cybersecurity startup world, an area that VCs poured money into in recent years

theinformation.com/articles/10-bi…

New: Coatue is joining Rippling's board as an obsever as part of its bid to lead a new round that values the company at $13.5 billion.

theinformation.com/briefings/coat…

Fintech Bounce: Khosla Ventures and Founders Fund plan to invest in corporate card startup Ramp at a valuation 36% higher than last year's.

theinformation.com/articles/ramps…

From natasha mascarenhas and Kate Clark.

Another $150M for Ramp, at a $7.65B valuation - up 36% from the D

This will be the 4th round led by Keith who led the seed, A, C as well, now across 2 funds.

As the article mentions a bunch of fintech companies that did down rounds are now doing up rounds 🚀

Scoop: Khosla Ventures & Founders Fund are leading a new round in Ramp, valuing the fintech at $7.65 billion (up 36% from last summer's down round). theinformation.com/articles/ramps… w/ natasha mascarenhas

Austen Allred, founder of BloomTech (formerly Lamba School), a coding bootcamp that offered 'income share' on future salaries in lieu of tuition is banned from student lending for 10 years and BloomTech must let students currently under contract withdraw. consumerfinance.gov/about-us/newsr…

Scoop: Mistral, the OpenAI competitor founded just last year, is in talks to raise another round at a valuation of $5 billion. theinformation.com/articles/mistr…

My latest: Earlier this year, Bolt, the $11B checkout startup, offered to buy back shares from investors at a 97% discount. Now an investor lawsuit alleges that Bolt's ex-CEO Ryan Breslow masterminded the lowball offer to maintain his hold on the startup.
theinformation.com/articles/bolt-…

Source: Mistral is in talks with investors about raising several hundred million dollars at a $5B valuation, after raising $415M at a $2B valuation in Dec. 2023 (@kateclarktweets / The Information)

theinformation.com/articles/mistr…
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