Walmart-backed PhonePe shelves IPO as global tensions rattle markets
PhonePe has paused its planned IPO, delaying a major liquidity event for investors including Tiger Global and Microsoft.
Startups
Google, Accel India accelerator choses 5 startups and none are ‘AI wrappers’
Google and Accel say about 70% of AI startup pitches tied to India were “wrappers” as they reviewed more than 4,000 applications for their Atoms cohort.
Wiz investor unpacks Google’s $32B acquisition
Shardul Shah of Index Ventures walks us through Google’s biggest acquisition ever.
US Army announces contract with Anduril worth up to $20B
The Army described this as a single enterprise contract consolidating more than 120 separate “procurement actions.”
Digg lays off staff and shuts down app as company retools
Digg laid off a significant number of staff and shut down its app, but says it’s not giving up on the startup.
Nyne, founded by a father-son duo, gives AI agents the human context they’re missing
The data infrastructure startup raised $5.3 million in seed funding led by Wischoff Ventures and South Park Commons
The biggest AI stories of the year (so far)
The AI industry is constantly churning out news, like major acquisitions, indie developer successes, public outcry, and existentially dangerous contract negotiations.
The $32B acquisition that one VC is calling the ‘Deal of the Decade’
According to Index Ventures Partner Shardul Shah, cybersecurity startup Wiz sits “at the center of three tailwinds: AI, cloud, and security spend.” Those tailwinds powered what just became the largest venture-backed acquisition in history — Google’s $32 billion deal, finalized after a declined 2024 offer, antitrust review on both sides of the Atlantic, and an […]
Before quantum computing arrives, this startup wants enterprises already running on it
After selling his AI startup to AMD for $665 million, Peter Sarlin is back with QuTwo, a new venture building the infrastructure it believes enterprises will need when quantum computing finally arrives.