Seed firm Initialized Capital has raised $230 million for its fifth venture capital fund, the firm announced on Friday. Led by former Y Combinator partner Garry Tan, Initialized’s investments include Coinbase, Rippling, Opendoor and Instacart. The announcement comes roughly two months after Initialized co-founder Alexis Ohanian left the firm to pursue a new project. We’ve since reported the...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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