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...Caesar will continue to lead Actis and its funds will continue to use the Actis brand....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...The move follows concerns in Brussels that the joint venture could undermine competition and lead to high prices....
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...Anthropic is separately raising hundreds of millions of dollars from venture capitalists....
...IMI, the Abu Dhabi vehicle behind RedBird’s joint venture, is controlled by Sheikh Mansour bin Zayed Al Nahyan, a vice-president of the UAE....
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...In its complaint, the FTC argued — as expected — that the tie-up would lead to higher prices, plus lower product quality and services for consumers....
...Heads of IT in large financial services companies “have more freedom and ability to spend money”, says Vinoth Jayakumar, a partner at Molten Ventures, a UK venture capital firm that invests in European tech...
...“We’ve yet to invent a great technology without going through a hype cycle,” Albert Wenger, managing partner at Union Square Ventures, tells me....
...The other partner in the joint venture is US fund manager RedBird Capital....
...Venture capital firm Cowboy Ventures recently reported that of 532 US start-ups with billion-dollar-plus valuations in 2023, 60 per cent were what it dubbed “Zirpicorns” — companies last priced between January...
Kyle Vogt steps down as company works to ‘strengthen public trust’ following regulator’s ban on its driverless vehicles
...Beijing cautiously backs expansion Tsinghua’s Zhang, who is also a former Baidu executive and leads the development of the company’s open-source driverless car software, Apollo, is calling for government...
...Where it will ultimately lead, as the regulators dig into basic designs of some of the most familiar tech products and services, is hard to judge. It is likely to be a long, gruelling battle....
...Bezos, who founded Amazon in 1994, has taken a step back from running the sprawling company to pursue other ventures, including his space group Blue Origin. “Blue Origin needs to be much faster....
...Google said that its goal was not to specify an ideal demographic breakdown of images, but rather to maximise diversity, which it argues leads to higher-quality outputs for a broad range of prompts....
...The Hexagon Cup, a new padel tournament backed by the venture arm of the Daily Mail publisher, has clinched a broadcast deal in the UK with ITV. The event gets under way later this month in Madrid....
...Tuesday’s hiring was “basically an acquisition of Inflection without having to go through regulatory approval”, wrote Tony Wang, managing partner at venture capital firm 500 Global....
...The deal “would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today”, he said....
...It will largely affect private equity and venture capital firms....
...No final decision on a deal has yet been made, the people said, and any transaction would require the agreement of Founder Securities, the Chinese joint venture partner that owns a 49 per cent stake in the...
...Credit Suisse took a majority stake in the securities venture in 2020 after China’s regulators introduced reforms enabling international banks to have full control of their mainland units....
...Kyle Stanford, lead VC analyst at PitchBook, said: “The bottom still feels a ways off....
...Thrive Capital, Josh Kushner’s New York-based firm, is the lead investor in OpenAI’s employee stock sale, having already backed the company earlier this year....
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