Page 31 - Omidyar Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Flourish Ventures, an early-stage venture firm investing exclusively in fintech companies in the U.S. and in emerging markets, has secured $350 million in fresh capital, TechCrunch is the first to report. Unlike traditional venture outfits, Flourish is an evergreen firm, meaning that its investing is open-ended, or has no fixed end date. It has a sole LP in eBay founder Pierre Omidyar (the firm spun out from his investment firm, Omidyar Network, in 2019).

How Silicon Valley has taken over the AI agenda in the Beltway, for fun and above all, profit.

Going all the way around the barn to end up where I started.

For the first time, the group founded by the Walmart heir details how it’s used investing, philanthropy and advocacy to further its goals of environmental and societal transformation.

A sprawling network spread across Congress, federal agencies and think tanks is pushing policymakers to put AI apocalypse at the top of the agenda — potentially boxing out other worries and benefiting top AI companies with ties to the network.