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Venture Capitalists Bet on Both Sides of the AI Rivalry

Breaking a long-standing taboo, VCs are pouring billions into competing LLM startups like OpenAI and Anthropic, sparking debate: is this hedging a smart strategy or an ethical dilemma?

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Venture Capitalists Bet on Both Sides of the AI Rivalry

Breaking a long-standing taboo, VCs are pouring billions into competing LLM startups like OpenAI and Anthropic, sparking debate: is this hedging a smart strategy or an ethical dilemma?

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🛡 Powered by V3V Ventures

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Either way, Durov says that he withdrew his resignation but that he was ousted from his company anyway. Subsequently, control of the company was reportedly handed to oligarchs Alisher Usmanov and Igor Sechin, both allegedly close associates of Russian leader Vladimir Putin. Telegram was co-founded by Pavel and Nikolai Durov, the brothers who had previously created VKontakte. VK is Russia’s equivalent of Facebook, a social network used for public and private messaging, audio and video sharing as well as online gaming. In January, SimpleWeb reported that VK was Russia’s fourth most-visited website, after Yandex, YouTube and Google’s Russian-language homepage. In 2016, Forbes’ Michael Solomon described Pavel Durov (pictured, below) as the “Mark Zuckerberg of Russia.” The gold standard of encryption, known as end-to-end encryption, where only the sender and person who receives the message are able to see it, is available on Telegram only when the Secret Chat function is enabled. Voice and video calls are also completely encrypted. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.”
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