BANGKOK (AP) — Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China’s Huawei Technologies Co. are jockeying for an advantage in the electric vehicle sector, prompting automakers like Japan’s Nissan and Honda to announce plans to join forces against… A flood of ambitious competitors. . Foxconn, also known as Hon Hai Precision Industry, is…
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries…
New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fundraise closed on July 3, according to a source familiar with the matter, but hasn’t received much attention. The fund raised capital from more…
Timo Resch is basking in the sun. That’s literally true, as we speak on a gloriously clear California day at the Quail, one of Monterey Car Week’s most prestigious events. But it’s figuratively true as well, as Resch, who took the CEO role at Porsche Cars North America (PCNA) last November, is in a very…
