Silicon Valley Journals 
Aam Altman is set to return as the CEO of OpenAI, following a week of boardroom chaos that initially led to his firing. The company released a statement announcing an “agreement in principle” for Altman’s return, accompanied by former president Greg Brockman, who resigned in protest when Altman was ousted. The new board, comprised of … Read more
Unilever is restructuring its operations, leading to 169 employees’ layoffs in New York. It intends to streamline operations, focus on successful brands, and stop acquisitions while increasing production.
Amazon confirmed layoffs in its Alexa division to focus on generative AI, aligning with customer needs and company restructuring.
Cryptocurrency exchange Bullish, led by ex-NYSE President Tom Farley, bought crypto media firm CoinDesk, promising operational independence and editorial integrity post-acquisition.
AI-powered event intelligence pioneer Vendelux raised $14 million in a Series A round for product development and geographic expansion.
Alto Neuroscience raised $45M in a Series C round and plans to further clinical development of its CNS product candidates.
LucidLink, a pioneer in providing instant data access and real-time collaboration, has raised $75 million in Series C funding, including secondaries. Brighton Park Capital, an investment firm focused on growth-stage companies, led the round, with participation from existing investors such as Headline, Baseline Ventures, and Adobe Ventures. Despite a challenging environment, LucidLink has achieved exceptional … Read more
Union Labs, the creator of a hyper-efficient, zero-knowledge interoperability layer, has successfully secured $4 million in seed funding. The funds will be used to develop the first fully trustless bridge connecting appchains, layer 1, and layer 2 networks. Union Labs plans to expand its team, which includes leaders from Composable Finance, ConsenSys, Tokensoft, and Polygon, … Read more
In a shocking turn of events, OpenAI, a leading artificial intelligence research laboratory, announced the abrupt firing of its CEO and co-founder, Sam Altman. The company cited a lack of consistent candor in Altman’s communications with the board, hindering their ability to fulfill their responsibilities and leading to a loss of confidence in his leadership. … Read more
Carbon conversion startup OCOchem has successfully raised $5 million in Seed funding, with TO VC leading the investment round. Other participants in the funding include INPEX Corp., the LCY Lee Family Office, MIH Capital Management, and Halliburton Labs, Halliburton Company’s energy and climate tech accelerator. OCOchem, based in Richland, Washington, is focused on commercializing a … Read more