@RebeccaTorrenc5 profile picture
Rebecca Torrence @RebeccaTorrenc5

Writing about startups and venture capital for Bloomberg @business. Let’s chat on Signal: rebeccatorrence.25

Joined June 2020
  • Posts 437
  • Following 826
  • Followers 3,509
19 Photos and videos
Rebecca Torrence reposted
Techmeme
 @Techmeme
Jul 2
Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (Bloomberg) (Visit Techmeme dot com for the link and full context!)
2
3
49
14,720
SCOOP: Crusoe is in talks to raise about $3 billion. Valuation expectations are in the $30 billion range. w/ @BTLipschultz @EdLudlow bloomberg.com/news/articles/…

Crusoe in Talks to Raise $3 Billion in Round That May Triple Firm’s Value

Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp., is in talks to raise about $3 billion in a funding round that may...

bloomberg.com
10
92
45,707
Rebecca Torrence reposted
Natasha Mascarenhas
 @nmasc_
Jul 2
Scoop w/ @_ToddGillespie: Palmer Luckey’s Erebor Bank is in talks to raise more capital at at least an $8 billion valuation. The deal talks come as deposits soar to $4.05 billion, and the banking upstart targets profitability by the end of this year. bloomberg.com/news/articles/…

Palmer Luckey’s Erebor Bank Eyes at Least $8 Billion Valuation

Erebor Bank is in talks to raise money at a valuation of at least $8 billion, as deposits grow rapidly at the politically connected startup that received its bank charter only five months ago.

bloomberg.com
4
6
87
15,306
Rebecca Torrence reposted
Natasha Mascarenhas
 @nmasc_
Jul 1
Feels like a good time to re-up our story from Friday on the endless AI anxiety rippling across Silicon Valley bloomberg.com/news/articles/… w/ @RebeccaTorrenc5

AI Is Making Silicon Valley Productive, Anxious and Afraid to Log Off

Claude Code is cutting into sleep time.

bloomberg.com
5
14
3,651
Rebecca Torrence reposted
Natasha Mascarenhas
 @nmasc_
Jun 26
From touch-grass parties to the internal counseling centers startups are setting up to help employees navigate these chaotic times, to the hospital delivery room, @RebeccaTorrenc5 and I stepped back from the scoops to explore the anxiety spreading across Silicon Valley: bloomberg.com/news/articles/…

AI Is Making Silicon Valley Productive, Anxious and Afraid to Log Off

Claude Code is cutting into sleep time.

bloomberg.com
1
2
6
1,008
Rebecca Torrence reposted
Matt Van Horn
 @mvanhorn
Jun 26
Fun article in Bloomberg today I was featured in. “‘It’s OK, Matt,’” he says with a laugh. “They said that agents were supposed to do our work for us, but I’ve never worked harder in my life. I just have 100 times the output that I had before.’”
9
2
48
3,686
"The Fortune 500 is having a collective panic attack," one CEO told us. The productivity gains are real. So is the unrelenting anxiety. Full story: bloomberg.com/news/articles/…

AI Is Making Silicon Valley Productive, Anxious and Afraid to Log Off

Claude Code is cutting into sleep time.

bloomberg.com
1
1
220
Silicon Valley is strung out on AI. AI was supposed to free us from grunt work. Instead, we have engineers bringing their AI agents on vacation, VCs taking AI pitches from the hospital, and founders sleeping in the office for weeks on end. Big story from me and @nmasc_ today👇
5
4
10
1,764
bloomberg.com/news/articles/…

Startup Hadrian Has Discussed New Funding at $7.5 Billion Value

Company runs AI-powered factories that aim to speed up manufacturing

bloomberg.com
340
SCOOP: Hadrian has discussed a new fundraise that could value the startup at around $7.5 billion, more than quadruple its last valuation. The defense manufacturing startup told investors it could raise up to $1 billion, sources say. w/ @EdLudlow link below👇
2
15
2,512
Rebecca Torrence reposted
Natasha Mascarenhas
 @nmasc_
Jun 23
I scooped Menlo's stake in Anthropic, which is very much powering the firm's latest fundraise and ambitions. More in story below
Bloomberg
 @business
Jun 23
Menlo Ventures has raised $3 billion for a set of funds dedicated to backing AI startups bloomberg.com/news/articles/…
1
27
6,529
Rebecca Torrence reposted
Techmeme
 @Techmeme
Jun 18
Sources: Meta is under contract to buy roughly 1.6 GW of computing capacity from Crusoe across two data centers in Texas and Missouri (Bloomberg) (Visit Techmeme dot com for the link and full context!)
2
1
8
3,212
Following our reporting last week that Crusoe was being pushed off of its data center project in Wyoming, after talks with Google fell through... bloomberg.com/news/articles/…

Crusoe Pushed Aside at Wyoming AI Project After Google Concerns

Data center upstart Crusoe is being pushed aside at an artificial intelligence campus it was developing in Wyoming after failing to lock in customers including Alphabet Inc.’s Google, according to...

bloomberg.com
481
bloomberg.com/news/articles/…

Meta Strikes New AI Computing Deals With Data Center Firm Crusoe

Meta Platforms Inc. has secured new agreements to get AI computing power from data center developer Crusoe, bolstering the infrastructure it needs to support an ambitious artificial intelligence...

bloomberg.com
1
1
565
SCOOP: Meta signs on as a major Crusoe customer. The data center startup has contracts to provide Meta with ~1.6 GW of AI compute across two data centers, sources tell us. Story w/@dinabass @KurtWagner8👇
1
2
15
9,586
Rebecca Torrence reposted
Natasha Mascarenhas
 @nmasc_
Jun 16
Here are the biggest winners from Cursor/SpaceX bid-turned-merger! w/ @RebeccaTorrenc5 bloomberg.com/news/articles/…

Andreessen, Thrive Poised for Windfall From SpaceX’s Cursor Bid

Andreessen Horowitz and Thrive Capital are poised for a multibillion-dollar windfall from their early investments in Cursor if Elon Musk’s SpaceX moves forward with an agreement to acquire the...

bloomberg.com
2
9
2,186
SpaceX returns just got even better for some top VCs. A16z and Thrive have the largest outside stakes in Cursor, as well as investments in SpaceX itself. The $60B acquisition will add billions to their IPO gains. We reported their stakes back in April: bloomberg.com/news/articles/…

Andreessen, Thrive Poised for Windfall From SpaceX’s Cursor Bid

Andreessen Horowitz and Thrive Capital are poised for a multibillion-dollar windfall from their early investments in Cursor if Elon Musk’s SpaceX moves forward with an agreement to acquire the...

bloomberg.com
23
2,007
Rebecca Torrence reposted
Bloomberg TV
 @BloombergTV
Jun 12
After 18 years with Bloomberg, @CarolineHydeTV is taking on a new journey away from the hustle and bustle of news. We wish her the best in her new adventure! bloom.bg/4elgNbY
2:14
54
39
445
56,286
For those confused in the replies:
Oracle
 @Oracle
Jun 11
Crusoe remains a strong and reliable partner to Oracle. We are very proud of the progress we’ve made together to bring capacity online in Abilene at a rapid pace. We regularly assess new sites, with Crusoe and our other partners, to find opportunities that meet future demand.
1
3
30
8,088
Many more details in our story here, including: now that Crusoe is being pushed off the project, Google is back on. bloomberg.com/news/articles/…

Crusoe Pushed Aside at Wyoming AI Project After Google Concerns

Data center upstart Crusoe is being pushed aside at an artificial intelligence campus it was developing in Wyoming after failing to lock in customers including Alphabet Inc.’s Google, according to...

bloomberg.com
Techmeme
 @Techmeme
Jun 11
Crusoe said it had "paused" a plan to build a Wyoming data center; sources: it failed to win customers including Google amid concerns about costs and timetable (Bloomberg) (Visit Techmeme dot com for the link and full context!)
12
5,768
Load more