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

OpenAI in Talks to Raise $30 Billion at $1.4 Trillion Valuation in Pre-IPO Round

OpenAI is in talks with investors to raise at least $30 billion in a pre-IPO funding round at a valuation of roughly $1.4 trillion, Bloomberg reported on Tuesday.

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VC Firm Andreessen Horowitz Launches The Horowitz Andreessen Academy

Venture capital firm Andreessen Horowitz is launching a school called The Horowitz Andreessen Academy aimed at aspiring founders who have just graduated high school and have not yet attended college.

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OpenAI to End Access to Its Models on Cursor After SpaceX Acquisition

OpenAI announced late Friday that it is ending developers’ access to its models on Cursor, following the acquisition of the AI coding startup by Elon Musk’s SpaceX earlier this month.

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NextSlide is Joining OpenAI

NextSlide recently announced that it’s joining OpenAI, with the presentation startup’s team members now working on ChatGPT.

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CNBC Names the 50 Most Disruptive Companies of 2026 — And There's a New King of AI

There’s a big change at the top of the CNBC Disruptor 50 with Anthropic rising to No. 1 in 2026. Companies across the economy raced to embrace AI over the past year rather than risk being left behind by it

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Robinhood Venture Fund II (RVII) to Become a Publicly Traded Fund on August 13 2026

Robinhood Venture Fund II (RVII) is expected to become a publicly traded fund on August 13 at an opening price of $25 per share. The fund intends to raise as much as $200 million, Reuters reports, and use that money to invest in startups

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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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