U.S. venture capital-backed companies have completed initial public offerings, reverse mergers and acquisitions worth a record $582.5 billion so far this year, according to new data from PitchBook. This is the first time U.S. VC exit value has surpassed $500 billion. With a total of 93 startup listings this year, IPOs represented 88.2% of total exit value. Exit value is far from the only new...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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