Africa's Markets, Startups & Money Moves — Updated Daily

Former OpenAI Exec Ryan Beiermeister Joins Founders Fund

Former OpenAI exec Ryan Beiermeister has joined Founders Fund as a partner, she announced on Monday. Beiermeister is well-known in Silicon Valley for a number of reasons.

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Former Uber India and South Asia President Prabhjeet Singh Joins OpenAI

OpenAI is making yet another big, visible bet on India. It has appointed former Uber India and South Asia president Prabhjeet Singh as its first managing director for the country

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OpenAI Confidentially Files for an Initial Public Offering

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.

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Donald Trump Administration Plans to Secure an Equity Stake With an AI Company

President Donald Trump said on Friday that he’s spoken to AI companies about striking deals “where the American people can benefit from the success of AI.”

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Nvidia's Corporate VC Fund Backs Legora

Nvidia has laid a new brick in its AI empire. NVentures, its corporate VC fund, has backed Legora, reportedly its first legal AI investment.

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OpenAI Would Develop a SmartPhone

OpenAI would develop a smartphone chip with MediaTek and Qualcomm, with Luxshare acting as a co-design and manufacturing partner.

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Cerebras Systems Files To Go Public

Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public.

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OpenAI CEO Sam Altman Announces Deal With US Department of Defense

OpenAI CEO Sam Altman posted on X Friday night that the company had struck a deal with the Department of Defense to deploy its models on the department’s classified networks.

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OpenAI Secures $110 Billion in Private Funding

OpenAI has raised $110 billion in private funding, the company announced Friday morning, commencing one of the largest private funding rounds in history.

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Oracle to Raise Up To $50 Billion

Data center giant Oracle’s stock rose 2% in Monday morning trading, after the company announced plans to raise up to $50 billion to develop additional capacity for customers.

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OpenAI is Looking to Hire a New Head of Preparedness

OpenAI’s listing for the Head of Preparedness role describes the job as one that’s responsible for executing the company’s preparedness framework,

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