Pile-ins, payouts, and pacing pressure: the investors behind the VCs open up

The limited partners who provide the capital to venture firms — the “money behind the money” — are feeling great right now. They’re in uncharted territory in many ways, but also potentially exceedingly lucrative territory. Normally, LPs typically spread their bets across many firms to diversify their own portfolios. They write checks to emerging managers…

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Applebee’s exposed customers’ personal data after leaving database password in app

Applebee’s has fixed a security flaw that allowed anyone to access the personal information of its registered customers, after a researcher found a password for an internal database inside Applebee’s mobile app, TechCrunch has learned.  The popular restaurant chain confirmed on Thursday that it had taken action to address the security issue to prevent any…

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Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says

Anthropic is expected to receive a high “junk” rating from credit rating agencies following its initial public offering, according to a report from the Financial Times. The FT says the investment giant Blackstone, the anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors in the deal that it expects the…

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Nvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia

Nvidia is in talks to guarantee billions in debt financing for AI cloud provider Nscale’s planned Anthropic data center in West Virginia, The Information reported Thursday. Bloomberg later corroborated the report. Anthropic has signed a $44.6 billion contract for the project’s first building alone, according to Nscale’s IPO filing. In essence, the chipmaker would be…

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Salesforce’s M&A spree continues with a reported $375M deal for defense tech startup Rune

Salesforce has agreed to acquire Rune Technologies, a startup that builds AI software to help the U.S. military predict supply needs and manage logistics from the field, for $375 million in cash and stock, Resilience Media reported. The acquisition underscores Salesforce’s push into defense tech through Missionforce, its business unit serving national security and defense…

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