Page 3 - Eric Scmidt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Innovation Endeavors joins other venture capital firms like Thomvest Ventures and Myriad Venture Partners in announcing a new fund. Eric Schmidt, the former Google CEO, started the firm in 2010 with Dror Berman, Scott Brady and Rick Scalon to invest at the intersection of science and technology. The firm intends to deploy capital into between 30 and 35 companies with this new fund, though it has not made an investment yet, Berman told TechCrunch.

Sam Altman's ousting from OpenAI is being reported by some as a perceived 'misalignment of the profit versus nonprofit adherents at the company', indicating a clash between different ideologies within the organisation.

Google is frantically trying to catch up to rivals as it tries to preserve its $162 billion search business.