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AI & Enterprise

Founders Fund unveils card game show featuring Sam Altman and Palmer Luckey

Founders Fund, the venture capital firm co-founded by Peter Thiel, has unveiled its in-house game show \"Mafia the Game,\" TechCrunch reported on Thursday. The format brings together prominent tech figures to play a card game. The show is hosted by Mike Solana, Founders Fund\'s chief marketing officer and editor-in-chief of Pirate Wires. The first episode features OpenAI CEO Sam Altman and Anduril founder Palmer Luckey, among others.

AI & Enterprise

AI coding startup Cognition raises over $1 billion at $25 billion valuation, ARR nears $492 million

AI coding startup Cognition raised more than $1 billion at a pre-money valuation of $25 billion. TechCrunch reported the valuation marked a sharp rise from an October post-money valuation of $10.2 billion after a $400 million funding round in September last year. Cognition develops Devin, an autonomous AI software engineer. The round was led by Lux Capital and General Catalyst, with participation from Founders Fund and 8VC, among others.

Crypto

Ondo Finance founder Nathan Allman dies suddenly

Ondo Finance, a company that offers tokenised stocks, said its founder and CEO Nathan Allman died unexpectedly at age 32. Ondo Finance posted the announcement on social media platform X on May 26 local time and did not disclose the cause of death. The company said Ian De Bode will take over as CEO. Allman previously worked at Goldman Sachs on digital asset services for institutional investors and founded Ondo in 2021.