Krystal Hu
Venture Capital and Startups Reporter at Reuters
covering VC, startups & tech investments for @Reuters. Made in China, trained by NYC, trying to vibe with Silicon Valley. Signal: krystalhu.01
Articles
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1 week ago |
timeslive.co.za | Niket Nishant |Nathan Gomes |Gursimran Kaur |Krystal Hu
19 June 2025 - 11:20 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Microsoft invested $1bn (R18.12bn) in OpenAI in 2019 to support the startup's development of AI technologies on its Azure cloud platform. Since then, however, OpenAI has been looking for ways to reduce its reliance on the tech heavyweight. File photo.
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1 week ago |
businesslive.co.za | Niket Nishant |Nathan Gomes |Krystal Hu
New York — OpenAI executives have considered accusing Microsoft, the company’s major backer, of anticompetitive behaviour in their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter. OpenAI’s effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as well as a public campaign, the report said.
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2 weeks ago |
today.westlaw.com | Kenrick Cai |Anna Tong |Krystal Hu
SAN FRANCISCO (Reuters) -Alphabet's Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters....
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2 weeks ago |
thestar.com.my | Anna Tong |Kenrick Cai |Krystal Hu
SAN FRANCISCO (Reuters) -Alphabet's Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters. Google had planned to pay Scale AI about $200 million this year for the human-labeled training data that is crucial for developing technology, including the sophisticated AI models that power Gemini, its ChatGPT competitor, one of the sources said.
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2 weeks ago |
msn.com | Krystal Hu |Rishabh jaiswal |Kenrick Cai
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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scoop: a16z is seeking to raise a $20 billion fund for growth AI investments, the largest in the fund's history, sources told me & @annatonger @kenrickcai Non-US LPs see this as an opportunity to back US AI. New test for VC scale game after SoftBank VF. https://t.co/nv1QTourDB https://t.co/jukPQT8mVx
RT @ReutersLegal: Exclusive: Blackstone evaluates taking a stake in US TikTok spinoff, sources say https://t.co/IoP84CEX8b https://t.co/6jL…
When public investors go early: I learned Coatue backed Corewave's Series C with strong downside protection. If 20-day VWAP of $CRWV is below *$68* after 2 years, they can ask Coreweave to pay back the $1.2 bln investment. Corewave closed its first trading day at IPO price $40 https://t.co/WPtDU3kfDZ