Richard Kramlich, a godfather of modern venture capital and cofounder of New Enterprise Associates, dies at 89

Dick Kramlich, who cofounded NEA, was considered a pioneer of venture capital. Charles Richard “Dick” Kramlich, cofounder of VC giant New Enterprise Associates and a godfather of venture capital, passed away on February 1st at the age of 89, according to a representative for NEA. “Our industry has lost a legend, and we have lost…

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OpenAI launches Deep Research, a ChatGPT tool that promises ‘expert-level’ analysis in minutes

OpenAI’s Deep Research tool is designed to automate complex internet searches. OpenAI has launched Deep Research, a tool for automating complex multi-step internet research, as the company continues rolling out new products in the face of competition from Chinese startup DeepSeek. In a Sunday blog post, OpenAI said Deep Research can operate independently to gather…

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Meta’s CTO said the metaverse could be a ‘legendary misadventure’ if the company doesn’t boost sales, leaked memo shows

Andrew Bosworth, the chief technology officer of Meta, told staff in a memo that 2025 is the “most critical” year for the company’s metaverse bets. Meta’s chief technology officer thinks 2025 could be a make-or-break year for the company’s metaverse bets, B-17 has learned. Andrew “Boz” Bosworth told staff that this year is the “most…

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Palantir CEO Alex Karp says DOGE is a ‘revolution’ and ‘some people are going to get their heads cut off’

Palantir CEO Alex Karp, right, said he thinks disruption caused by Elon Musk’s DOGE would be good for Americans. Alex Karp, the cofounder and CEO of software company Palantir, said he thinks Elon Musk’s Department of Governmental Efficiency will disrupt the US government — and that it will be good for Americans and the company…

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Frank founder Charlie Javice jury can’t hear what she thought of Theranos fraudster Elizabeth Holmes: judge

Former tech entrepreneur Charlie Javice is set to stand trial this month on fraud charges in Manhattan. Charlie Javice — the young tech entrepreneur accused of tricking the nation’s largest bank into paying $175 million for her college financial-aid startup — once had a lot to say about Theranos fraudster Elizabeth Holmes. Javice called Holmes’…

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CHART: Here’s how much Amazon could be hit by China tariffs

Amazon founder Jeff Bezos raises his glass during a luncheon in honor of President Donald Trump following the inauguration ceremony in Washington. Amazon could be one of the hardest-hit e-commerce retailers by new tariffs on imports from China. Morgan Stanley wrote in a note on Monday that roughly 25% of the cost of products directly…

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