Meet Silicon Valley’s shrewdest talent spotters

What do Sam Altman and David Sacks have in common? Certainly not politics. Mr Altman, co-founder of OpenAI, is part of the transition team of Daniel Lurie, the Democratic mayor-elect of San Francisco. David Sacks, an entrepreneur and polemical right-wing podcaster, will on January 20th become Donald Trump’s crypto and artificial-intelligence (AI) tsar. Yet both…

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Oil ministry slaps $2.8 billion demand on RIL-BP

NEW DELHI: The oil ministry has slapped a demand for $2.8 billion on Mukesh Ambani-led Reliance Industries and its partner BP operating the KG-D6 block off the Andhra coast, even as the consortium prepares to challenge a Delhi high court order upholding the government’s claim in a decade-old battle that has come to be known…

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IPO-bound Groww issues bonus shares to Peak XV, Ribbit, other existing investors

IPO-bound online investment platform Groww has issued compulsorily convertible preference shares as bonus to existing investors, including Peak XV and Ribbit, according to a Competition Commission of India’s notice. According to the notice issued on 3 March, the transaction will also result in collapse of the differential voting rights (DVR) held by Harsh Jain, Lalit…

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