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The Latest Breaking News from a16z

OpenAI's 'unusual' board can make unilateral decisions without asking permission from anyone—like deep-pocketed backer Microsoft and Satya Nadella

OpenAI says it wants to make decision on behalf of all of humanity, not its backers. Its investors aren't happy to learn that.

Fortune

How OpenAI’s unusual governance structure backfired

OpenAI’s corporate structure limits control from any of its shareholders.

Fortune

a16z-backed smlXL emerges from stealth after a $13.4 million raise to help make blockchains more accessible

The company was founded by former Lyft executive Dor Levi.

Fortune

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Is your designer bag really a designer bag? IYK has raised almost $17 million to help you prove it

The a16z-backed startup, cofounded by Ryan Ouyang and Christopher Lee, wants to put T-shirts—and a lot of other merchandise—on the blockchain. Adidas has already signed on.

Fortune

MPs' report ignores track record of crypto boosterism

The government's inquiry into cryptocurrencies is based on hype and wish fulfilment rather than the proven track record of crypto and web3, argues Dr Olivier Jutel

Newsroom.co.nz

Uncharted territory: do AI girlfriend apps promote unhealthy expectations for human relationships?

Chatbots such as Eva AI are getting better at mimicking human interaction but some fear they feed into unhealthy beliefs around gender-based control and violence

The Guardian - AU

Sound wants to be the next iTunes, and it just raised $20 million from the likes of a16z and Snoop Dogg

“We need new ways to experiment with how we value and monetize music,” said cofounder and CEO David Greenstein.

Fortune

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VC billionaire Marc Andreessen rips the 'big companies' that want to regulate A.I. for being 'bootleggers'

“Big companies basically want a government protected cartel,” Andreessen says on the Bio Eats World podcast. “They want basically a regulatory barrier.”

Fortune

TechScape: The US is clamping down on cryptocurrency – is the UK next?

Regulators have launched two big lawsuits against Binance and Coinbase, and Rishi Sunak could mine the benefits

The Guardian - UK

a16z is expanding outside the U.S. for the first time with a crypto London office

The move comes amid regulatory crackdowns from the SEC.

Fortune

Andreessen Horowitz announces first international expansion—a U.K. crypto outpost

The venture giant is making a bet on the emerging digital asset hub.

Fortune

OpenAI's Sam Altman raises $115 million for Worldcoin, the eyeball-scanning crypto project to combat AI bots

Backers for Worldcoin developer Tools for Humanity include Blockchain Capital, a16z crypto, and Bain Capital Crypto

Fortune

Read 2 of Databricks’ pitch decks

The data management startup has raised billions of dollars from a16z and others. Here’s how the team first pitched investors on their cloud-based vision.

Fortune

How Databricks became an A.I. sensation

Databricks placed a huge bet on the power of machine learning 10 years ago. That’s positioned the company as a rarity in the current market: a stable decacorn.

Fortune

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Azra Games, founded by veteran EA game developer, raises $10M for NFT-themed Legions & Legends

The investment reflects optimism that veterans of the video game industry can better onboard players into Web3 than prior crypto games.

Fortune

Fidelity is writing down its Twitter investment—will Sequoia and a16z be next?

Fidelity docked the value of its Twitter holdings by approximately 56%, according to disclosures.

Fortune

Unlike Washington, Andreessen Horowitz has a plan to push forward crypto legislation

Collin McCune worked on the House Financial Services Committee before becoming the firm's new head of government affairs.

Fortune

The biggest deals, scandals, bets, and M&A breakups from a truly memorable year

All the notable deal news as told through a year of Term Sheets.

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Fortune

Andreessen Horowitz, FTX, and the future of crypto

Unlike fellow Silicon Valley giant Sequoia, a16z did not get tarnished by FTX's collapse.

Fortune

How big can Andreessen Horowitz really get?

With more than 500 people on staff at a16z, the venture capital firm may wrestle with challenges some of its own portfolio companies face.

Fortune

Andreessen Horowitz conquered venture capital without breaking a sweat. Gobbling up the rest of the world won’t be so easy

A16z is betting its startup growth recipe can launch its own business far beyond Silicon Valley. Can its ambitions defy a tanking tech market?

Fortune

This former Twitter exec could be Elon Musk’s pick to be the company’s CEO

Sriram Krishnan is among a group of special advisers helping Elon Musk navigate his Twitter takeover. Some observers think Krishnan, who once worked at Twitter himself, could be a shoo-in for the CEO job.

Benzinga

Andreessen Horowitz's Crypto Fund Is Down A Whopping 40% - Has The Firm Had Enough?

Venture capital firm Andreessen Horowitz's flagship cryptocurrency fund lost around 40% of its value amid the market slump this year.

Investors Business Daily

Metaverse Makers: Avatar Creator Raises $56M; Animoca Subsidiary Lands Epic Grant

Avatar creator raises $56M from VC firms, celeb investors. An Animoca subsidiary lands an Epic Games grant for its NFT game

The Guardian - US

Adam Neumann’s latest big idea? To become America’s biggest landlord

The WeWork co-founder is reportedly at the helm of Flow, a new company looking to reinvent apartment living – but have any lessons been learned?

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