News #Silicon Valley

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.

Yang encouraged founders and investors to take on problems they’re passionate about and find a way to build a valuable enterprise on top of it.

Allbirds, the wool sneaker brand that became a kind of unofficial uniform for the Silicon Valley set, has agreed to sell all of its assets and intellectual property to American Exchange Group for $39 million

AI chipmaker Cerebras Systems announced that it raised $1 billion in fresh capital at a valuation of $23 billion — a nearly threefold increase from the $8.1 billion valuation the Nvidia rival had reached just six months earlier.

Andreessen Horowitz just announced the firm has raised a little more than $15 billion in new funding.