AI soon may revolutionize venture capital, but not in the way that many investors think.
That was the top takeaway from an Axios conversation yesterday with Jon McNeill, the former Tesla president and Lyft COO who now runs a company creation platform called DVx.
The big picture: McNeill says that the investment math is changing for application startups, arguing that DVx now can get them to Series A with 80% less seed funding than it previously could.
Firefly Aerospace, a Texas-based commercial space company known for its lunar landers, raised $868 million in an upsized IPO.
Why it matters: The IPO window is open wide enough to fly a spaceship through it, with almost every significant offering pricing stronger than expected.
American adults and kids over age 1 got more than half of their daily calories from ultra-processed foods like hamburgers, pizza and sweetened drinks between 2021 and 2023, according to new data from the Centers for Disease Control and Prevention.
Why it matters: Health Secretary Robert F. Kennedy Jr. has made cleaning up the U.S. diet a priority, though critics say he's mostly extracted pledges from companies to swap out single ingredients, which won't make much difference in health.
Mark Zuckerberg isn't waiting for AI talent. He's opening up the checkbook like he's an NFL GM trying to reach the Super Bowl.
Why it matters: Some top executives and researchers in AI are moving from companies like Apple and OpenAI to Meta as Facebook's parent company looks for any leg-up in the race to build the top AI products.
Wednesday marks the 80th anniversary of the Atomic bombing of Hiroshima, Japan — an event that helped end World War II but also brought the world into the nuclear age and the Cold War.
Japan uses the anniversary to commemorate the lives of the Hibakusha, survivors of the bombing, and asks the world to heed the dangers of nuclear war.
The big picture: Here are some images from this crucial moment in world history.
The Titan submersible implosion that killed five people occurred in large part because operator OceanGate had failed to follow "established engineering protocols for safety, testing, and maintenance" of the vessel, a U.S. Coast Guard report finds.
The big picture: OceanGate CEO Stockton Rush may have faced criminal charges if he hadn't been killed during the "preventable tragedy" that occurred during a June 2023 diving trip to the wreck of the Titanic, according to the damning report that was published Tuesday.
Chikungunya virus outbreaks have prompted the CDC to issue travel alerts warning U.S. travelers of an "elevated risk" of exposure to the mosquito-borne illness in China and several other countries.
The big picture: Some 240,000 chikungunya cases have been reported in parts of Central and South America, Africa, the Indian Ocean region and Asia this year, including 90 deaths. Officials in Guangdong province, South China, have confirmed at least 7,000 illnesses since June.
