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(MarketWatch) As many as half the venture-capital firms will fade or fail, says a prominent player in that space. Josh Wolfe, the co-founder of New York VC firm Lux Capital, says the contraction will be driven by both fractured partnerships as well as what he calls “feckless” strategies that are too weak to fix. He…

(Axios) Dealmakers aren’t sweating this year’s presidential election, even if it’s the most important of our lifetimes. Read more here.

(WSJ) The real-estate mogul said he is organizing a bid to acquire platform, saying he will put users and data security at the center of its design and purpose. Read more here.

(Bloomberg) Attorneys for parents say publishers are addicting users and causing health issues like ADHD and depression. Read more here.

(FT) First-quarter operating profit sharply misses analysts’ expectations after payouts related to driver lawsuits Read more here.

(Venture Capital Journal) City of San Jose Police and Fire Department Retirement Plan increased its target to venture capital by 0.5 percent, seeing a chance to benefit from a depressed VC marketplace. Read more here.

(Reuters) Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoning, six sources told Reuters, in what would be a leap forward for the technology. Read more here.

(TechCrunch) OpenAI is facing another privacy complaint in the European Union. This one, which has been filed by privacy rights nonprofit noyb on behalf of an individual complainant, targets the inability of its AI chatbot ChatGPT to correct misinformation it generates about individuals. Read more here.

(Pitchbook) Despite a major LP pullback from venture, an elite cohort of VC firms is still successfully raising huge sums of LP capital. General Catalyst, a giant of Sand Hill Road that has led rounds for companies like Snap, Warby Parker and Deliveroo, is wrapping up a $6 billion VC fund, the Financial Times reported Sunday. Earlier this month, Andreessen…

(Reuters) Shares of Meta Platforms (META.O) sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off. The drop was set to erase nearly $170 billion from the company’s market value and triggered a fall of 3% to 4.2% in…