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Inflection AI CEO Takes His Talents To South Beach (Microsoft)

Meanwhile, Intel got a big US government contract and the Saudis might have a new favorite VC (it’s not Masa)

Satya and Microsoft continue to collect big brain AI leaders in their sprint towards AGI. Tim and Sundar might need to have another dinner to discuss how to not be left in the dust. Meanwhile, Intel got a big US government contract and the Saudis might have a new favorite VC (it’s not Masa).

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Microsoft bets on start-ups to extend AI lead with hiring of Inflection chief

“Tuesday, Nadella announced the surprise hiring of Mustafa Suleyman, chief executive of AI start-up Inflection and co-founder of DeepMind, to lead a new Microsoft division focused on pushing further into the market for consumer-facing AI applications.”

Intel to receive $8.5bn in US funding for high-end chip manufacturing

Intel will receive $8.5bn in direct funding and $11bn in loans from the US government to expand its capacity to make high-end chips, as it seeks to reinvent itself as a national champion in the sector and compete with the likes of Taiwan’s TSMC and South Korea’s Samsung.”  

Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence

“Representatives of Saudi Arabia's Public Investment Fund have discussed possible arrangements with venture firm Andreessen Horowitz and others, according to the people.”

Hot Links

Sandhill Live Schedule

NEXT MONTH: Demo Day Is Back With SeedChecks

Demo Day is back--and this time we're partnering with SeedChecks to make it even bigger! Click here to RSVP to the live event.

SeedChecks was built by our friend Julian Shapiro as a one stop shop for founders to get in front of some of the biggest names in venture. It’s an impressive group and we’re excited to bring our Live Demo Day format to their ecosystem. Here’s how it works:

When you submit two things happen:

  • First, you’ll have your deck reviewed by the SeedChecks team as well as their incredible group of investors. The group of over 15 active investors write checks between $300k and $3M.

  • Second, if it’s a fit for Demo Day, we will reach out directly to invite you to present live.

We will select 4 founders to present live in front of the combined audiences of Sandhill and SeedChecks!

​Finally, tune in live on Thursday, April 11th at 3PM ET to watch these four exciting founders present what they're building to a panel of experienced investors and seasoned operators. Our amazing panelists:

ICYMI: State of LATAM Startup Ecosystem

​​If you’re not thinking about LATAM, you should be. Money flowed in fast in 2021 and left just as fast, but the ecosystem has continue to push forward and the opportunities have only gotten more exciting.

We were joined by two Tier-1 backed operators and a Midas List investor. They explained the difference between LATAM and other emerging markets, pros and cons of building/investing there, and the idea of “leapfrogging” in tech.

Check out the recording on Twitter here or on LinkedIn here.

Thank you again to our friends at Sacra for helping us bring it together!

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Jensen x Zoolander actually fits well.

Letters From The Editor

Misc. (short for miscellaneous)

Microsoft Avoids Regulation

Basic strategy that seems to playing out is that Microsoft (and other big tech players) will look to hire rather than buy. Nothing the EU can do about that right? Monopolies be monopolying.

Actually a great move in a talent driven industry like AI. Leaves a lot to be desired from an investor perspective though. Very interested to see how it plays out and how these mega rounds work in a situation where you can’t get bought and the talent can be poached at any moment.

Talk soon,

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