Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund
Nik Storonsky, the billionaire co-founder of the London-based fintech. Revolut, aims to disrupt traditional venture investors using machine learning.| Forbes
Klaus Hommels who made early bets on Facebook, Spotify, and Skype, has told backers of his fund Lakestar that future startup bets will be made with his own capital.| Iain Martin
The Midas List Europe, Forbes’ data-driven ranking of the top 25 VCs in Europe and the Middle East, is back for its eighth year. Submissions are open through October 30.| Iain Martin
Nik Storonsky, the billionaire co-founder of the London-based fintech. Revolut, aims to disrupt traditional venture investors using machine learning.| Forbes
Neil Zeghidour has held talks with American and French investors to commercialize the voice AI tech developed at a Eric Schimdt-backed AI research lab Kyutai.| Iain Martin
Revolut cofounder Nik Storonsky is the latest billionaire to shift their residence away from the U.K. after the British government scrapped a generous tax break| Forbes
Point Nine Capital's Pawel Chudzinski has steadily climbed to the top of the Midas List Europe thanks to prescient bets on fintech phenoms like Revolut, Mambu and blockchain tool Chainalysis| Forbes
Nscale, a tiny London-based startup, just landed $500 million in backing from AI chip giant Nvidia to help build a massive data centers for OpenAI in the U.K. and Europe.| Iain Martin
Two of Europe’s wealthiest tech billionaires, brothers Igor and Dmitri Bukhman, have quietly set up a charitable foundation.| Forbes
People’s conversations with Claude began popping up in Google search results — just like what happened with ChatGPT and Grok. They’ve now disappeared.| Iain Martin
Fluidstack’s revenues ballooned to $66 million by selling access to GPUs and landing a deal to build a massive AI data center for the French government.| Iain Martin
Nathan Xu’s Plaud has sold more than 1 million AI recording devices that transcribe and summarize the busy days of doctors, lawyers and business people.| Forbes
Robin Rombach and a group of key researchers that helped develop the Stable Diffusion text-to-image generation model have left the troubled generative AI startup.| Forbes
In 2020, Adam Neumann’s family office became a lead investor in real estate tech company Alfred. Less than two years later, the ex-WeWork CEO announced a new venture, Flow, with $350 million in funding.| Forbes
Revenue from Chinese giant ByteDance’s short video app leapt up 38% to $6.3 billion last year in Europe even as it faces the threat of being banned in the United States.| Iain Martin
The owner of the social media subscription site best known for hosting adult content has now earned over $1.8 billion in dividends since buying the website in 2018.| Iain Martin
John Doran, who led TCV's European investments, has relocated to the Bay Area to bolster the $22 billion growth equity fund’s team.| Iain Martin
xAI published conversations with Grok and made them searchable on Google, including a plan to assassinate Elon Musk and instructions for making fentanyl and bombs.| Forbes
The Instagram-linked application has soared to the top of App Store downloads with its promise of anonymous messaging, after earlier apps were plagued by cyberbullying and harassment.| Forbes
Antitrust pressure killed Adobe's $20 billion takeover for design startup Figma. Its cofounder Dylan Field floated the business on NYSE at nearly the same valuation.| Iain Martin
Bay Area-based Replit helps turn written instructions into working apps and websites has just raised a $250 million round at double its last valuation.| Forbes
Now that the AI clickworker startup Invisible Technologies is wildly successful, its founder and CEO is buying out his VCs – and is borrowing against the company to do so.| Forbes
Stockholm-based Lovable hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.| Forbes
The Stockholm-based startup has raised $200 million at a $1.8 billion valuation in a round led by Accel as competition among AI-assisted code writing companies grows.| Forbes
AI startup Sana just raised $55 million at a $500 million valuation to help companies make sense of their data, and build their own artificial intelligence agents.| Forbes
Investors are always encouraging startups to push the innovation envelope. General Catalyst’s Hemant Taneja is applying that advice to his own firm.| Forbes
The Midas List returns for its 24th year with another definitive ranking of the 100 best tech investors in the world.| Forbes
Saudi Arabia launched a new state-backed AI company ahead of President Donald’s Trump state visit to the Kingdom.| Forbes
The bank, which bought fintech startup Frank in 2021, claims its founder invented millions of customers to close the deal. Now she stands trial on federal fraud charges.| Forbes
The European Union is writing a $56 million check for researchers to build a large language model to rival its American and Chinese competitors.| Forbes
The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.| Forbes
The billionaire cofounder of payments startup Bolt Financial is suing the developer of his previously undisclosed crypto crowdfunding platform Movement, claiming he stole millions of dollars.| Forbes
A quirky gaggle of startups that host and rent the chips that power AI tools have gone on a fundraising spree over the last year.| Forbes
Helsing built a $4.5 billion business on a pledge to transform Europe’s militaries with software, not hardware.| Forbes
The former billionaire stunned investors with a plan to raise $450 million for his payments startup at a $14 billion valuation. The main investor, Silverbear Capital, claims never to have spoken with Breslow or Bolt.| Forbes
Victoria Secret's billionaire Les Wexner has made a $800 million windfall from a seed check into the AI cloud startup CoreWeave which is now valued at $19 billion.| Forbes
The Anduril founder has sued the construction company who led a $2.5 million project to turn the property next to his Newport Beach, California, home into a giant garage.| Forbes
AMD's CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker's stock price up nearly 30-fold in less than a decade. Now she's preparing for battle in the coming AI revolution—and she expects to keep winning.| Forbes
The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.| Forbes
