Kate Clark

Fallen crypto mogul Sam Bankman-Fried was sentenced to 25 years by a federal judge after he was found guilty of seven counts of criminal fraud. Facing a possible 110 years, he got off easy; the crypto industry, however, did not. The yearslong saga tarnished crypto’s reputation among ...

Venture capital firm Accel, an early investor in the data labeling startup Scale AI, is in talks to lead a new round of funding that would raise the startup’s valuation nearly 80% to about $13 billion, people with direct knowledge of the discussions said.

We know that many of Silicon Valley’s investors are desperate to tap into the Middle East’s plentiful capital reserves. Less discussed are the hurdles Middle Eastern investors face while trying to land stakes in Silicon Valley’s best startups.A new fund wants to help both sides. Fahad AlSharekh, ...

The Middle Eastern kingdom is pushing to get closer to startups in the hot AI sector with more direct stakes in them and a new $40 billion–plus AI fund that’s under discussion.

From left: Josh Kushner, Sam Altman, Jony Ive and Laurene Powell Jobs. Collage: Shane Burke. Photos via Getty

These days, when I think of startups in the “creator economy,” a subsector propelled by the rise of TikTok and influencers, I think of pricey disappointments like Cameo and Clubhouse, or one of several smaller ventures that shuttered in recent months. And I struggle to come up with any big winners, beyond giants like ByteDance and Instagram, which for years has been part of the Meta Platforms juggernaut.

Left to right: Keith Rabois, managing partner at Khosla Ventures, and Ramp cofounders Karim Atiyeh (CTO), Eric Glyman (CEO) and Gene Lee (CPO). Photos by Bloomberg and Ramp.

Cybersecurity company Lacework is in talks to sell to its competitor, Wiz, for between $150 million and $200 million, a fragment of its 2021 valuation of $8.3 billion, Cory and Aaron report. It’s a painful ending for the investors that poured nearly $2 billion into the 9-year-old startup, as well as the employees, who were hoping for a much better outcome.

Cognition AI CEO, Scott Wu, and the company's software development assistant, Devin. Screenshots via YouTube.

I just landed back in New York after spending the past week in Dubai and Abu Dhabi, two important cities in a region undergoing a remarkable transformation into a global tech hub.