Valor Equity Partners looks to raise a $2.5B Fund VII, per Bloomberg
New details have emerged about Valor’s latest fund, which last year announced it was raising an unspecified amount of capital.
In Brief
Superhuman acquires AI detection startup GPTZero
Superhuman, which also has an AI detection tool as part of Grammarly, has snapped up GPTZero.
Mark Zuckerberg wants Meta to launch its own prediction market
The app would be independent of Meta’s other social media offerings, although sources told the NYT that those social sites could direct users to engagement with the app.
Shareholders sue Uber’s board over sexual assaults, other incidents
The lawsuit, led by a Detroit pension fund, alleges Uber’s board and management has cut too many compliance corners, resulting in thousands of lawsuits.
Microsoft and Chevron plan one of the largest gas-powered data center projects in US
Microsoft inked a 20-year power purchase agreement with Chevron, locking in decades of carbon emissions from a new natural gas power plant.
Google DeepMind bets $75M on AI’s future in Hollywood with A24 deal
Google DeepMind and A24 are teaming up to build AI filmmaking tools.
Apple opens up App Store to new competition in Brazil
Apple’s grip on iPhone app distribution is loosening in another major market: Brazil.
World model maker Odyssey nabs $1.45B valuation backed by Amazon and other big names
World models are the next big thing in AI beyond LLMs and, with this round, Odyssey has cemented itself as one of the startups to watch.
SpaceX valuation balloons to $2.6T, briefly passes Amazon
SpaceX’s valuation has increased by $1 trillion since its shares started trading on Friday.
SpaceX’s biggest-ever IPO just grew to $85.7 billion raised
SpaceX’s IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.