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Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage "hard technology" startups valued below ¥500M, or about $71M (Reuters)

Reuters : Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage “hard technology” startups valued below ¥...

18 November 2023

Sam Altman's firing jeopardizes the sale of OpenAI's staff shares; a source says the tender offer values OpenAI at ~$86B and was expected to happen in December (Kate Clark/The Information)

Kate Clark / The Information:
Sam Altman's firing jeopardizes the sale of OpenAI's staff shares; a source says the tender offer values OpenAI at ~$86B and was expected to happen in December  —  A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance …

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