Search results for Greenoaks Capital
Games & Commerce
Coupang dispute raises risk of U.S. tariff pressure on South Korea
A dispute involving Coupang is raising the possibility that U.S. pressure on South Korea could expand to additional tariffs. CNBC reported that U.S. congressional officials and people around Coupang see potential responses by Congress or the White House if the row drags on. The issue centers on South Korea’s response after a personal data leak case. U.S. politicians have urged a formal probe and tariff review, while both sides dispute the leak’s scale and related actions.
AI & Enterprise
Bezos also bets as CuspAI teams up with Nvidia to find new materials for AI chips
British AI startup CuspAI has raised $450 million and will work with Nvidia to discover new materials for next-generation semiconductors. CNBC reported the funding values CuspAI at $2.6 billion, with investors including Jeff Bezos’ Bezos Expeditions, Kleiner Perkins and others. CuspAI launched an AI Materials Foundry to link data, labs and computing resources. Nvidia will provide accelerated computing infrastructure, and Meta’s fundamental AI research group will also participate.
Crypto
Crypto unicorns see market value plunge after listing, some down as much as 99%
Major crypto projects valued at more than $1 billion in private investment rounds have seen their market capitalisation plunge after listing, with some down more than 99 percent, an analysis showed. Data cited by BeInCrypto showed 10 projects now have market caps of $7 million to $294 million, down 88 percent to more than 99 percent from their last venture valuations. Scroll recorded the biggest fall, while Starknet saw the largest loss by value.
