Several ETFs at Wood’s firm, ARK Invest, bought a variety of tech stocks after they fell alongside a broader market drop. ARK Invest, which has $6.7 billion in assets under management, is an influential firm whose funds have fallen on hard times. Reports earlier this year showed investors pulled a total of $2.2 billion from
Runway Tees Up a $450 Million Investment. According to The Information, General Atlantic will lead the new round, which would value RunwayML at $4 B. The New York company has raised $237 million to date. Investors include Google, Nvidia, Salesforce Ventures, Felicis Ventures, Amplify Partners, Lux Capital Management, Coatue Management and Madrona Venture Group. Gen-3
A growing number of tech firms are reportedly cautioning investors about risks related to their efforts in artificial intelligence (AI). At least a dozen major tech companies have “quietly” issued AI-related warnings this year by adding or updating them in the “risk factors” section of reports filed with the Securities and Exchange Commission (SEC), Bloomberg