Founders Fund Completes $6 Billion New Fundraise, Marking Its Largest Fund Since Inception
May 3rd (Bloomberg) — Founders Fund, the venture firm co-founded by billionaire Peter Thiel, has closed its new flagship fund at $6 billion, far surpassing its prior flagship, which raised roughly $3.4 billion.
Insiders note the fund will target high-growth areas including artificial intelligence (AI), defense technology, cryptocurrency, space, and frontier technologies.
Even as the broader Silicon Valley venture capital market remains sluggish, Founders Fund continues to attract significant institutional capital — a reflection of sustained market optimism around AI and deep tech sectors. The firm has backed notable companies such as SpaceX, Palantir Technologies, Stripe, and Facebook.
3 minutes ago
Starlink's user base has grown approximately four times over the past four years, but the average revenue per user (ARPU) continues to decline.
On May 3rd, The Information reported that Starlink’s global user base has reached approximately 7.8 million as of 2025—up sharply from 2021. However, its Average Revenue Per User (ARPU) has dropped by roughly 18% over the same period, reflecting the company’s strategy to aggressively expand global market share through lower prices.
Per the report, Starlink’s current growth is fueled mainly by emerging markets (including parts of Africa, Latin America, and Asia) and the rollout of low-cost packages. Meanwhile, while high-margin segments like enterprise, aviation, and maritime services are still growing, they make up only a small share of total revenue.
Analysts note Starlink is transitioning from a “high-end satellite internet service” to a broader mass-market global broadband network. This shift involves cutting costs via scale expansion to amortize launch and satellite deployment expenses. Additionally, it aims to strengthen Elon Musk’s influence in the global telecommunications
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OpenRouter has released a Response Cache feature that enables AI requests to achieve "Zero Token Cost" cached responses.
On May 3rd, OpenRouter launched **Response Caching**—letting developers instantly return cached results for identical AI requests, so they don’t have to burn tokens again.
Developers just need to add the `X-OpenRouter-Cache: true` request header. The first request still hits the model like normal, but subsequent identical ones bounce back cached results in 80–300ms—totally free. Compare that to uncached scenarios:
- Gemini 2.5 Flash averages ~1.3 seconds
- Kimi K2.6 takes ~4.6s
- GPT-5.5 clocks in at ~9.1s
OpenRouter says this feature works for Agent retries, automated testing, and repeated context calls. For example, if an AI workflow fails mid-run, devs can retry right away—only paying for the extra bits.
The team also emphasized: **Response Caching ≠ Prompt Caching**. The latter only cuts costs for shared context, while Response Caching skips the model provider entirely.
The feature is now in **Beta** and supports endpoints like `/chat/completions`, `/responses`, `
3 minutes ago
OPEC: Decides to Implement a 188,000 bpd Production Adjustment, Will Meet Again on June 7th
**May 3, 2026**
OPEC released a statement on Wednesday, May 3, 2026. On the same day, seven OPEC+ member nations—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—held a virtual meeting to review global market conditions and outlook.
The seven countries agreed to implement an additional **188,000 barrels per day (bpd)** production adjustment, building on the voluntary output cuts they announced in April 2023. This adjustment will take effect in June 2026. The group plans to reconvene on June 7, 2026.
*Source: FXStreet*
3 minutes ago
WSJ: Fed Internal Discussion Shifts from ‘When to Cut Rates’ to ‘When to Raise Rates’
WSJ reported on May 3 that Federal Reserve officials have shifted their internal discussions on interest rate policy—moving beyond months of rate-cut expectations to debate "under what conditions a rate hike would be needed."
At the Fed’s latest policy meeting, three regional bank presidents publicly pushed back against retaining the wording that "the next step is more likely to be a rate cut." Dallas Fed President Lorie Logan noted future rate adjustments "could be a rate hike or a cut."
Outgoing Fed Chair Jerome Powell also acknowledged the central bank’s stance is gradually shifting from "dovish" to "neutral," adding that if a rate hike becomes necessary later, the Fed would first transition to neutral guidance before leaning toward tightening.
Persistent high energy prices, the Strait of Hormuz crisis, and escalating Middle East tensions are reigniting U.S. inflation risks and dimming market expectations for rate cuts later this year.
3 minutes ago
Author of "The Selfish Gene," Richard Dawkins, sparked controversy by stating that Claude "possesses consciousness" after a conversation with him.
May 3
Renowned evolutionary biologist Richard Dawkins has sparked widespread discussion in tech and philosophy circles by publicly stating the AI model Claude “may possess consciousness.”
Tech observer Aakash Gupta noted Dawkins spent 50 years explaining how “complex behavior can emerge from unconscious physical mechanisms.” Yet after days of continuous conversations with Claude, Dawkins renamed it “Claudia” and concluded it displayed “sensitivity, intelligence, and even emotion”—a claim he said ran counter to his own established theoretical framework.
The controversy stems from Dawkins’ UnHerd article, where he asked: “If these machines don’t yet qualify as conscious, what more would it take to convince people?” His points included Claude’s ability to draft sonnets quickly, analyze novels, and express sentiments like “missing the user.”
Critics, however, argue these are just language simulations optimized via RLHF (Reinforcement Learning with Human Feedback)—similar to evol
3 minutes ago
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