The number of venture capital firms involved in US deals has dropped significantly, leading to a rise in "zombie" firms that cause issues for startup founders. Sam Altman, similar to Elon Musk, is selling a vision where private companies and billionaires can solve humanity's problems, with a network of startups preparing for the rise of artificial general intelligence. Other news includes a Michigan man protesting the arrival of a Chinese electric-vehicle-parts manufacturer, and a CEO aiming to eliminate the traditional resume.
Key takeaways:
- America's biggest warehouse owner, Prologis, is investing heavily in the data center sector, with plans to invest more than $25 billion in the coming years. The data center boom is being driven by the growing interest in AI and the physical infrastructure required to support it.
- Bitcoin's recent price fluctuations are seen as a feature, not a bug, of the cryptocurrency, indicating that its volatile nature is here to stay.
- The number of venture capital firms in US deals has significantly decreased, with some becoming inactive or "zombie" firms, causing issues for startup founders.
- Sam Altman, former president of Y Combinator, is expanding his investment network in preparation for the rise of artificial general intelligence, promoting a worldview where private companies and billionaires can solve humanity's problems.