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Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Amit Jain, the former head of Uber’s Asia Pacific division, revealed his new venture, Zamp Finance, on Monday that simplifies the process for businesses to invest their excess capital in US Treasury bills to hedge against bank failures and other uncertainties. Zamp offers a treasury management platform that enables businesses worldwide to invest surplus cash…

Always be prompting

Always be prompting

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Reporter’s note: Before we get into this, thank you to the Startups Weekly readers who pointed out that last week’s link to my column was…

OpenAI geoblocks ChatGPT in Italy

OpenAI geoblocks ChatGPT in Italy

No, it’s not an April Fools’ joke: OpenAI has started geoblocking access to its generative AI chatbot, ChatGPT, in Italy. The move follows an order by the local data protection authority Friday that it must stop processing Italians’ data for the ChatGPT service. In a statement which appears online to users with an Italian IP…