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Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A significant portion of GPx's fund, potentially as much as 50%, will come from Founders Fund co-founder Peter Thiel, these people said.
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Top members of Meta’s new Superintelligence Lab discussed pivoting away from the company’s powerful open source AI model, Behemoth, and instead developing a closed model. This would mark a major philosophical shift for Meta.
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Former Sequoia partner Matt Miller has already locked in $355 million for his new fund, Evantic, which is also backed by Sequoia, TechCrunch learned.
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Like YouTube, Meta says it won't penalize users who are engaging with other people's content, doing things like making reaction videos, joining a trend, or adding their own takes.
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The UnitedHealth-owned medical coding service was hacked earlier this year by a ransomware gang.
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