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(Verge) Two of Silicon Valley’s famous venture capitalists make the case for backing Trump: that their ability to make money is the only value that matters. Read more here.

(Fortune) On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5 billion valuation, and on Tuesday company said it was laying off about 20 employees (out of close to 400). Read more here.

(Venture Capital Journal) The firm’s CEO said $2trn in projected capital expenditures in data center development globally will create ‘unprecedented opportunities.’  Read more here.

(The Information) Greetings from San Francisco, where unprecedented political chaos has forced venture capitalists into political debates. Read more here.

(FT) Criticism from asset managers is increasingly leading big employers to walk back diversity and environmental measures. Read more here.

(Washington Post) With the GOP pledging free rein for the new technology and action in Congress stalled, Sacramento is pushing plans to put guardrails on AI. Read more here.

(Bloomberg) Texas’ largest public pension fund has decided to shift almost $10 billion out of private equity investments, a blow to an asset class that has faced heightened scrutiny amid dwindling returns and a slowdown in exits for portfolio companies. Read more here.

(Washington Post) Employees said OpenAI rushed the release of its latest AI model, called GPT-4 Omni. Read more here.

(Fortune) The longtime Googler gave an update on AI initiatives at the Alphabet owned company, including project Astra, and addressed the recent report that Google’s data center emissions have increased. Read more here.

(WSJ) Total amount of awards received by country’s top national security startups less than half of what venture capitalists have invested. Read more here.