Benchmark is famously selective in the companies it chooses, and backs hardware companies so rarely that Vishria was kicking himself for giving time to Cerebras. "Why did I take this meeting?" he kept muttering. At one point, he even messaged his assistant, who manages his calendar, and bugged her: "Why did you let me take this meeting?" Vishria recalls.
DRAM holds nine positions, with 73% of assets in just three names: Samsung Electronics at 25%, SK hynix at 24%, and Micron Technology at 24%. The remaining sleeve covers Kioxia, Sandisk, Western Digital, Seagate, Nanya, and Winbond. South Korea accounts for 49% of geographic exposure, the U.S. for 38%, Taiwan for 6%, and Japan for 5%.
Our unique approach is to use open-endedness to get to recursive self-improvement, which no one has yet achieved. It's an elusive goal for a lot of people. A lot of people already assume it happens when you just do auto-research. You know, you can take AI and ask it to make some other thing better, which could be a machine learning system, or just a letter that you write, or, you know, whatever it might be, right? But that's not recursive self-improvement. That's just improvement.
The school's endowment invested $20 million in OpenAI during a very early fundraising round, well before Microsoft's $1 billion investment in 2019 and before most people had heard of the AI lab. That stake is now expected to be worth roughly $2 billion, representing a staggering 9,900% return on a single investment.
Intertek has become the latest FTSE 100 business to agree to a takeover, backing a 10.6bn approach from a private equity firm owned by Sweden's billionaire Wallenberg family. After rebuffing three previous approaches, Intertek's board said it was minded to recommend the 60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there is a firm offer. The deal is worth 10.6bn including debt, or 9.4bn without. The previous bids were pegged at 58, 54 and 51.0 a share.
Harada announced the new studio with a short video discussing how he landed at SNK and laying out his vague creative intentions. Essentially, he said he wants to focus on making great games with trusted colleagues, and it sounds like VS Studio is still in its infancy, as he encouraged interested developers to apply to work there. In a press release, Harada said the studio's philosophy is, "beyond tradition, crafted to perfection," and "VS" stands for a number of ideas, including Visionary Standard, Volition Shift and Vanguard Spirit.
"I've never seen a situation like this change so quickly," says Wettlaufer, partner at the short-selling shop Bleecker Street Research, which opened its short position into SVB in January. Wettlaufer wasn't talking about the events of the last two and a half days-when a bank run ushered the California financial regulator into its offices to close it down not long after SVB said it was raising more than $2 billion in capital through a share sale. No-Wettlaufer was referring to the last two years.
Grand Games Oyun ve Yazılım, the Istanbul-based mobile gaming studio behind Magic Sort and Car Match, has raised $70m in a Series B funding round led by Balderton Capital's Growth Fund, the company said on Monday. Bek Ventures, Laton Ventures and angel investor Mert Gür participated alongside Balderton, which is doubling down on its January 2025 Series A position. The latest round brings Grand Games' total funding to $103m.
“So we opened them three Fidelity investment accounts,” she said. “The stock market hasn't been great, so they lost $65, and their just, like, minds are blown.” The Journal reporter asked whether the children are picking stocks or ETFs. Ellsworth replied that they were buying “safe” and “slim pickings” stocks, such as Apple and Microsoft.
Lonsdale suggested starting small: He and some of his friends would pay for a one-mile, approximately $6 million to $7 million underground tunnel system, built by Elon Musk's the Boring Company, that would connect his friends' land around town. He said that the initial mile-long tunnel could spark interest from leadership for a citywide tunnel system that the Boring Company could ultimately build in partnership with the city, and a pitch deck he sent after the call refers to "a growing group of successful citizens" willing to donate or sell land at below-market prices for stations near the airport, Tesla's Austin gigafactory, the Q2 Stadium, Lonsdale's house, and his venture capital firm, 8VC.
