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Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89 newsthirst.

Dick Kramlich, founder of New Enterprise Associates, discusses on “Sexism in the valley” during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal.  Horacio Villalobos | Corbis News | Getty Images Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates almost 50 years ago and built…

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CFPB sues Capital One for ‘cheating’ customers out of over $2 billion in interest newsthirst.

FILE PHOTO: Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021.  Andrew Kelly | Reuters The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than $2 billion in interest….

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OpenAI needs ‘more capital than we’d imagined,’ moves to for-profit newsthirst.

OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup. “The hundreds of billions of dollars that major companies are now investing into AI…

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