Crypto VC firm Paradigm raises $1.2B to invest in ‘technical frontier’ startups

For Paradigm, the technical frontier will stretch beyond its cryptocurrency investment roots. This fund is expected to expand its investment focus to include robotics and AI.

Solo GP Ashley Smith announces second $25M fund to back startups in AI, security and more

Vermilion Cliffs Ventures announced Wednesday the close of a $25 million Fund II.

Microsoft joins AI cost-cutting trend by relying more on its own models

Microsoft is the latest Silicon Valley giant to cut back on its AI spending.

Google’s Pixel event is set for August 12

Google’s upcoming event in August will introduce new Pixel devices.

Figma acquires team behind a vibe-coding app

The Y Combinator-backed company started a vibe-coding platform and later built an agent-creation product.

Chemistry Ventures is raising $500M for its second fund

Chemistry Ventures, the VC firm launched by Bessemer, Index Ventures, and Andreessen Horowitz alums, is raising $500M for its second fund.

Melinda Gates’ venture firm backs Magnify Ventures’ $46.6M Fund II

Early-stage firm Magnify Ventures has raised a $46.6 million Fund II from LPs, including Melinda French Gates’ Pivotal Ventures.

Tesla saw a massive sales jump in the second quarter

The company delivered more than 480,000 EVs globally, seemingly thanks to geographic expansion and cheaper versions of the Model 3, Model Y, and Cybertruck.

Russian hackers were behind $2.5 billion hack of Jaguar Land Rover: Report

The hack on car giant Jaguar Land Rover last year was one the most disrupting, damaging, and costly hacks of the last few years.

Polymarket says hackers stole users’ funds

The prediction market giant Polymarket said it’s refunding users who had funds stolen due to a third-party breach.