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When Asheem Chandna drove up to Rubrik’s office in Palo Alto on a Friday night in early 2015, he was looking forward to learning what the young company that had yet to build its product would show him. The Greylock partner wasn’t disappointed. The company’s CEO, Bipul Sinha, drew Rubrik’s plan to revamp the data…

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Ticktock, TikTok: It’s been a wild week for TikTok. Even as the company starts testing its Twitter competitor in certain markets and launches its luxury secondhand shop…

Share to FacebookShare to TwitterShare to LinkedinChamp Suthipongchai is a General Partner at Creative Ventures, a market-driven Deep Tech venture capital firm based in Oakland, CA. getty With VC firms in the U.S. spending only half of the $435 billion funds raised between 2020 and 2022, dry powder reserves have reached a record high. According…

Share to FacebookShare to TwitterShare to LinkedinJared Thau is the Founder and CEO of Gameverse Interactive Corp. getty The most significant change to slot-machine design in decades has been incorporating predictive artificial intelligence (AI) into the machine software. Over just a few short years, this has enabled casinos to gain insights into their customers’ behavior,…

Space and defense startup True Anomaly has laid off around 25% of its workforce and canceled its summer internship program, TechCrunch has learned. “With our rapid growth over the past two years, we looked at every aspect of our company to make sure we are laser focused on our goals and best positioned to execute,”…

xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company –  is expected to close in the next few weeks unless the terms…