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Kate Clark

@KateClarkTweets

Following the money. Reporter @WSJ. Signal: kateclark.77

 New York, NY
Joined February 2013
  • Tweets5.2K
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  • Followers60.5K
It’s my first day at The Wall Street Journal covering startups, VC, AI and more. Confidential tips welcome: kate.clark@wsj.com | Signal: 415-409-9095.
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If you want to chat about what all this means for private markets - dealmaking, fundraising, Jensen’s role here, or the ripple effects across AI - reach me on Signal at 415-409-9095. wsj.com/business/nvidia-is-p…
Jensen Huang Has Been Ousted as Nvidia CEO

Jensen Huang Has Been Ousted as Nvidia CEO

Nvidia Chief Executive Jensen Huang has resigned after two extramarital affairs, including one with a suspected Chinese spy and another with an employee.

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New: Anthropic’s run rate topped $80 billion at the end of October. wsj.com/finance/major-invest…
Exclusive | Major Investors Are Skeptical Anthropic IPO Can Achieve $1.5 Trillion Valuation

Exclusive | Major Investors Are Skeptical Anthropic IPO Can Achieve $1.5 Trillion Valuation

The artificial-intelligence giant could need to set a significantly lower-than-expected valuation, investors say.

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I spoke to @sequoia's @gradypb this morning at WSJ's Tech Live conference in Napa about some big changes at the firm, the midterms and the AI bubble. The firm is slimming down to “play offense” in a world of extremely fast, AI-driven change. Watch the full interview:
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youtube.com/watch?v=Gmp1_uPo…
Sequoia Capital's View of the AI Boom | WSJ

Sequoia Capital's View of the AI Boom | WSJ

Sequoia Capital partner Pat Grady discusses how the AI boom is affe...

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Anthropic leaders have invested in a startup developing technology to detect airborne viruses, amid growing fears that AI could lead to new biological threats. wsj.com/tech/ai/anthropic-le…
Exclusive | Anthropic Leaders Back Startup Developing System to Detect Biological Threats

Exclusive | Anthropic Leaders Back Startup Developing System to Detect Biological Threats

Pilgrim has raised $25 million and has developed a 50-pound device that detects biological threats.

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Great read wsj.com/business/entrepreneu…
Burned Out and Unemployed, Young People in China Are Launching AI Startups

Burned Out and Unemployed, Young People in China Are Launching AI Startups

Last year, more than seven million new one-person companies were established in China.

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OpenAI quietly bought a startup developing higher quality cameras for smartphones for ~$300M. Scoop w/ @anissagardizy8 wsj.com/tech/openai-buys-sta…
Exclusive | OpenAI Buys Startup Developing Smartphone Camera

Exclusive | OpenAI Buys Startup Developing Smartphone Camera

Glass Imaging, valued above $300 million in the deal, was founded by former Apple employees.

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Instinct, the viral AI assistant, has already raised $350 million, including a new round that values the startup at $2.5 billion. wsj.com/tech/ai/the-latest-v…
Exclusive | The Latest Viral AI Assistant Rocketing Across Silicon Valley

Exclusive | The Latest Viral AI Assistant Rocketing Across Silicon Valley

The buzzy startup Instinct, which is fundraising at a $2.5 billion valuation, promises to handle emails and more, but some early users raised privacy concerns.

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Scoop: Situational Awareness made a big bet this week on Source Foundry, a startup aiming to reinvent the way chips are manufactured. Sequoia is an earlier investor. w/ @anissagardizy8 wsj.com/tech/ai/situational-…
Exclusive | Situational Awareness Bets $400 Million on Stealth Chip Startup After Crash

Exclusive | Situational Awareness Bets $400 Million on Stealth Chip Startup After Crash

AI-battered hedge fund Situational Awareness made a big bet this week in Source Foundry, a private company aiming to reinvent the way chips are manufactured.

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I wrote about the SaaSpocalypse — why some software startups are reinventing themselves for AI, while others are shutting down & starting from scratch. As one founder put it: “You have to burn the ships and start from the ground up.” wsj.com/tech/ai/saas-softwar…
Facing AI ‘Apocalypse,’ Once-Hot Software Companies Race to Reinvent Themselves

Facing AI ‘Apocalypse,’ Once-Hot Software Companies Race to Reinvent Themselves

Generative AI is steamrollering the once booming industry known as software-as-a-service. “You have to burn the ships and start from the ground up.”

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Great reporting on the risks of SPVs: wsj.com/finance/stocks/space… By @cdriebusch
The Investors Whose SpaceX Shares Vanished Before They Could Cash In

The Investors Whose SpaceX Shares Vanished Before They Could Cash In

One bought in to an SPV fund touting pre-IPO “exposure” to the rocket company. He was told later the shares were sold before trading began.

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Citadel buys Situational Awareness’s stock portfolio. Scoop from @GZuckerman & @rudegeair wsj.com/finance/citadel-buys…
Exclusive | Citadel Buys Situational Awareness’s Stock Portfolio After Big Losses in AI

Exclusive | Citadel Buys Situational Awareness’s Stock Portfolio After Big Losses in AI

The highflying hedge fund run by Leopold Aschenbrenner is in crisis mode after AI-related bets sank.

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Scoop: Coatue is leading a $3 billion @databricks round at a $188 billion valuation. w/ @berber_jin1 wsj.com/tech/ai/databricks-s…
Exclusive | Databricks Set to Hit $188 Billion Valuation With New Investment From Coatue

Exclusive | Databricks Set to Hit $188 Billion Valuation With New Investment From Coatue

The startup’s valuation jumps 40% as the AI boom has driven demand for its data-analytics software.

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OpenAI confidentially files for IPO: wsj.com/tech/ai/openai-kicks…
OpenAI Files to Go Public in Test of Investor Appetite for Top AI Startups

OpenAI Files to Go Public in Test of Investor Appetite for Top AI Startups

The ChatGPT maker confidentially filed for an offering, but said “it may be a while” before it goes public.

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Scoop: Benchmark has raised $2 billion across two new funds, including its first growth fund, a big shift for a firm that spent decades defending a smaller, focused approach to venture investing. Details here: wsj.com/finance/investing/si…
Exclusive | Silicon Valley Stalwart Benchmark Breaks From Past, Embraces Mature Startups

Exclusive | Silicon Valley Stalwart Benchmark Breaks From Past, Embraces Mature Startups

After a late-stage bet on Cerebras delivered big returns, Benchmark decided to raise its first-ever growth fund.

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Here we goooo wsj.com/tech/anthropic-files…
Anthropic Files to Go Public in Blockbuster Year for IPOs

Anthropic Files to Go Public in Blockbuster Year for IPOs

The $965 billion-valuation artificial intelligence lab filed confidentially, the company said.

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OpenAI has been working with bankers to prepare to file for an IPO in the coming days or weeks: wsj.com/tech/ai/openai-is-pr…
Exclusive | OpenAI Is Preparing to File for an IPO Very Soon

Exclusive | OpenAI Is Preparing to File for an IPO Very Soon

The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley.

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Sequoia’s latest investment is a sheet metal fabricator wsj.com/business/entrepreneu…
Exclusive | This Manufacturing CEO Once Spurned Venture Capital. Now He’s Taking $110 Million.

Exclusive | This Manufacturing CEO Once Spurned Venture Capital. Now He’s Taking $110 Million.

A custom sheet-metal and parts business is among a growing group of U.S. companies making physical goods that have drawn venture-capital backing.

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Scoop: @tryramp is raising funds at $40 billion+ valuation wsj.com/business/entrepreneu…
Corporate Card Startup Ramp Raising Funds at $40 Billion Valuation

Corporate Card Startup Ramp Raising Funds at $40 Billion Valuation

The financing target represents a more than 30% increase from six months ago.

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Scoop: Coatue is launching a new venture, Next Frontier, to buy land for AI data centers. Tens of billions could go into the effort, with early work underway on an Indiana campus. w/ @rudegeair wsj.com/tech/ai/ai-investor-…
AI Investor Coatue Joins Data-Center Frenzy With New Venture to Buy Land

AI Investor Coatue Joins Data-Center Frenzy With New Venture to Buy Land

Philippe Laffont’s firm has launched Next Frontier, whose facilities will be meant for AI companies including Anthropic.

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