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 | Krystal Hu |Anna Tong
South Africa-born billionaire Elon Musk plans to proceed with his highly watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours after the AI startup dialled back its earlier plan to remove control by its non-profit arm. Under OpenAI's newly proposed plan, its non-profit parent would continue to control the for-profit business and become a major shareholder.
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1 week ago |
japantimes.co.jp | Krystal Hu |Arsheeya Bajwa |Aditya Soni
OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman's power over the pioneering maker of ChatGPT. The announcement follows a storm of criticism and legal challenges, including a high-profile lawsuit filed by rival and co-founder Elon Musk, who has accused OpenAI of straying from its founding mission to develop artificial intelligence for the benefit of humanity.
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1 week ago |
itnews.com.au | Krystal Hu |Arsheeya Bajwa |Aditya Soni
Trouble anticipated as NBN Co's new high speeds come online Woolworths Group finds new CDTO ANZ Plus to go passwordless Virgin Australia uses Kafka to power up customer experience WA reboots IT infrastructure buying after GovNext's end What Embracing the AI Platform Shift Really Means Logicalis APAC CIO Report: The CIO’s 2025 Mandate AI Copilot: Breaking Down Silos & Securing the Future AI in cybersecurity: weapon or shield? AI and quantum computing widen the machine identity security gap...
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1 week ago |
itnews.com.au | Krystal Hu |Arsheeya Bajwa |Aditya Soni
OpenAI said it would remain under the control of its nonprofit parent, while pushing ahead with plans to change the structure of its for-profit arm to allow more capital-raising to keep pace in the artificial-intelligence race. The announcement follows a storm of criticism and legal challenges, including a high-profile lawsuit filed by rival Elon Musk, who has accused the company of straying from its founding mission to develop AI for the benefit of humanity.
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1 week ago |
marketscreener.com | Krystal Hu |Arsheeya Bajwa |Aditya Soni
(Reuters) -OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman's power over the pioneering maker of ChatGPT. The announcement follows a storm of criticism and legal challenges, including a high-profile lawsuit filed by rival and co-founder Elon Musk, who has accused OpenAI of straying from its founding mission to develop artificial intelligence for the benefit of humanity.
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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