Race Capital Raises New $181 Million Fund Despite SVB Chaos

Alfred Chuang, general partner at Race Capital, should’ve been elated when the last bit of capital came in for his venture firm’s new $181 million fund. But there was just one problem—the limited partners had sent their wire transfers to Silicon Valley Bank right as it started to implode. Race, which specializes in early stage crypto and tech investments, […]
Bill Gates Sees GPT’s AI as Revolutionary Tech Breakthrough

Microsoft Corp. co-founder Bill Gates said OpenAI’s language generation artificial intelligence tools are one of two revolutionary technologies he’s come across in his lifetime. The 67-year-old billionaire and philanthropist sees the promise of the new technology as the “most important advance in technology since the graphical user interface,” which allowed people to more easily interact with computers by […]