StepStone raised the largest fund dedicated to investing in venture secondaries ever, the firm announced last week. This fundraise doesn’t just say a lot about StepStone’s venture secondaries investing prowess, but also about how LPs are thinking about the current venture market. The fund, StepStone VC Secondaries Fund VI, raised $3.3 billion. This marks a … Read more
App developers will have a new path for getting their apps recognized and promoted, Apple told developers at WWDC 2024 this week. In an update planned to arrive in September alongside the release of iOS 18, developers will be able to alert Apple’s Editorial team about their app’s new content or features ahead of its … Read more
Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. Shareholders also approved the company’s decision to re-incorporate Tesla in Texas, moving it away from the state where Musk’s pay package was struck down: Delaware. Shareholders present at the company’s annual meeting Thursday, held at Tesla’s Texas … Read more
Former head of the National Security Agency, retired Gen. Paul Nakasone, will join OpenAI’s board of directors, the AI company announced Thursday afternoon. He will also sit on the board’s “security and safety” subcommittee. The high-profile addition is likely intended to satisfy critics who think that OpenAI is moving faster than is wise for its … Read more
We could be entering a renaissance for human spaceflight research, as a record number of private citizens head to space — and as scientists improve techniques for gathering data on these intrepid test subjects. A sign that the renaissance is imminent appeared earlier this week, when the journal Nature published a cache of papers detailing … Read more
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