Mark Bertolini, a health insurance veteran who most recently has been the co-CEO of Bridgewater Associates, is joining Oscar Health as CEO. He succeeds Mario Schlosser, who co-founded the firm along with Thrive Capital’s Josh Kushner. Schlosser will become technology president. The news sent the tech-fused health insurance firm’s stock up 56%. Oscar is one of a group of fast-growing but...
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Google Invests in AI Startup Runway to Wrest Cloud Business From AWS
Google is investing in Runway, a New York–based startup that lets customers generate video from text descriptions using artificial intelligence it pioneered, at a valuation of around $1.5 billion including the new capital, according to two people familiar with the matter. The investment, part of a roughly $100 million funding round, underscores the fierce competition among cloud providers...
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