Uber said to be raising $1B at a $10B valuation for its self-driving car unit

The SoftBank Vision Fund is in talks to invest directly in Uber’s autonomous vehicle business, reports The Wall Street Journal.

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Meet the 19 startups in AngelPad’s 12th batch

Including a meal kit for authentic gourmet ramen, a millennial-focused platform for buying affordable fine-art and a benefits platform for gig workers.

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CXA, a health-focused digital insurance startup, raises $25M

CXA Group, a Singapore-based startup that helps make insurance more accessible and affordable, has raised $25 million for expansion in Asia and later into Europe and North America. The startup takes a unique route to insurance. Rather than going to consumers directly, it taps corporations to offer their employees health flexible options. That’s to say […]

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OpenAI shifts from nonprofit to ‘capped-profit’ to attract capital

OpenAI may not be so open going forward. The former nonprofit announced today that it is restructuring as a “capped-profit” company that cuts returns from investments past a certain point. But some worry that this move — or rather the way they made it — may result in making the innovative company no different from the other AI startups out there.

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Andreessen Horowitz is making the move to San Francisco at long last

One of the last top-tier venture firms to resist coming to San Francisco has apparently decided that it’s time to make the move. According to a source familiar with the thinking of Andreessen Horowitz, the firm is opening up a San Francisco office later this year. The WSJ had reported on Friday that the firm […]

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Did Sam Altman make YC better or worse?

Y Combinator revealed yesterday that its president, Sam Altman, is stepping down from his role to become the accelerator program’s chairman. This change, said YC, will allow Altman to “spend more time focusing on OpenAI,” the San Francisco-based nonprofit that was cofounded by Altman and Elon Musk three years ago to get ahead of the […]

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