Funding rounds, founder strategy and the operating reality of building technology companies. Reporting and analysis from Fathom Tech.
Elon Musk's AI research firm xAI has completed its acquisition of the social media platform X through an all-stock deal valued at roughly $45 billion, combining the two companies' resources to deepen AI integration.
The Google DeepMind spinoff has closed its inaugural external funding round, bringing in capital from Thrive Capital and Google Ventures to advance artificial intelligence applications in pharmaceutical development.
The Hartford Insurance Group has restructured its technology leadership, promoting Shekar Pannala to CIO and Jeffery Hawkins to chief data, AI and operations officer to accelerate its digital transformation strategy.
A new study tracking board composition at venture-backed firms reveals women have increased their representation from 7% to 17% since 2019, yet momentum has plateaued in the past year.