Technology
$700M SAFE, IPOs are back and how one venture capital fund is pushing boundaries

Hello and welcome Right, a startup business podcast where we explore the numbers and nuances behind the headlines. This is our Friday episode, where we have a look at the largest stories from the week and discuss recent emerging topics.
This week we had Mary Ann, Becca and Alex on board. Becca is, in fact, one of the 2 hosts of TechCrunch’s Found podcast, which talks to founders about how they built what they did and how they did it!
But today on Equity, here’s what we got into:
- Deals of the week: Mary Ann desired to discuss Onyx, a neobank geared toward affluent adults starting their careers. It is turning to B2B and, contrary to what the Internet says, it is not dead. Alex desired to discuss Montauk Climate, a climate incubator founded by former co-founder Casper i Marc Lore’s recent cope with Wonder. The climate is not good, in case you missed the news. Therefore, such projects are welcome. Becca brought up the Ethos fund, which allowed us to debate cross-border investing.
- Saudi Arabia’s upcoming push into AI: : What has loads of capital and is able to devote it to investing in artificial intelligence? Sure, the local venture scene, but additionally the Saudi Arabian government. Significant venture capital funds fly to the Middle Eastern country to lift capital, but perhaps in the longer term the capital will come for them.
- How some VCs are stopping the IPO rush: Becca’s recent investigation revealed an interesting finding, which is that the proven fact that their corporations don’t go public might not be the fault of late-stage founders. In fact, their supporters would be the ones keeping the door closed.
- Oh, and Reddit began trading during our recording time and is doing well!
We’ll be back on Monday with more! So talk!
Technology
Benchmarks meta for new AI models are somewhat misleading

One of the new flagship AI Meta models released on Saturday, Maverick, Second rating at LM ArenaA test during which human rankings compare the outcomes of models and select which they like. But it appears that evidently the Maverick version, that the finish implemented on LM Arena differs from the version that’s widely available to programmers.
How several And researchers He pointed to X, Meta noticed within the announcement that Maverick on LM Arena is a “experimental version of the chat.” Chart on The official website of LlamaMeanwhile, it reveals that the testing of the LM META Arena was carried out using “Llama 4 Maverick optimized for conversation.”
As we wrote earlier, for various reasons LM Arena has never been essentially the most reliable measure of the performance of the AI model. But AI firms generally didn’t adapt or otherwise adapted their models to higher rating at LM Arena-Lub a minimum of didn’t admit it.
The problem related to adapting the model to the reference point, suspension of it, after which releasing the “vanilla” variant of the identical model, is that programmers are difficult to predict how good it can work in specific contexts. It can be misleading. It is best if the tests tests – miserably inadequate – provide a shutter of strong and weaknesses of 1 model in various tasks.
Indeed, scientists on X have Stark was observed Differences in behavior From publicly to download maverick in comparison with the hosted model on LM Arena. The LM Arena version seems to make use of many emoji and provides extremely long answers.
Okay, Lama 4 is Def and Littled cooked lol, what a yap city is that this city pic.twitter.com/y3gvhbvz65
– Nathan Lambert (@natolambert) April 6, 2025
For some reason, the Llam 4 model in the sector uses rather more emoji
together. Ai, it seems higher: pic.twitter.com/f74odx4zttt
– technological notes (@techdevnotes) April 6, 2025
We arrived at Meta and Chatbot Arena, a company that maintains LM Arena to comment.
(Tagstotransate) benchmark
Technology
Trump delays the ban

Donald Trump has signed a brand new executive order “Save Tiktok”.
Tiktok will live to see the next day – at the least for now. On April 4, President Donald Trump signed a brand new executive order delaying the ban on a preferred social application by one other 75 days. The application was to darken in the USA on April 5.
The application, belonging to the Chinese company Bytedance, is now on the second extension in the first quarter of the 12 months. In 2024, President Biden signed bilateral laws of Ban Tiktok, citing fears about national security. Congress voted in a predominant means. Although Trump has signed the executive order to “save” the application, many questioned the legality of the movement. Like many president’s actions at the starting of his term, they complain that evidently he exceeds the authority of the executive office.
Trump announced his move to Stop the ban on social truthSaying that his administration remains to be working on the contract.
“My administration worked very hard on the Tiktok saving contract, and we have made great progress,” Trump wrote on April 4. “The contract requires more work to ensure the signing of all necessary approvals, which is why I sign an executive order to continue tiktok for an additional 75 days.”
Trump quoted his newly imposed tariffs to China as a key reason for detained negotiations for the buyer.
“We hope to continue working in good faith with China, which, as I understand, are not very satisfied with our mutual tariffs – necessary for honest and balanced trade between China and the USA,” wrote Trump. “It proves that tariffs are the most powerful economic tool and very important for our national security. We do not want Tiktok to go dark. We are looking forward to cooperation with Tiktok and China to complete the contract.”
This means a second time Trump entered to delay the ban. On January 2, just a couple of days after returning to the office, he signed the first extension to stop Tiktok, utilized by over 170 million Americans available to users.
The potential sales of Tiktok draws the major attention of the principal players in the business world. According to HillMany private equity firms, the Venture Capital groups and the best technological investors have introduced offers for a preferred application.
Among the firms, apparently in the mix are Blackstone, Oracle, Amazon – led by Jeff Bezos – and the founding father of Onlyfans Tim Stokely. Interest in purchasing Tiktok has increased, how uncertainty about its future in the US is always growing.
The application, utilized by 170 million Americans, is situated at the center of ongoing political and economic negotiations between the United States and China. Along with the upcoming pressure and deadlines, the possibility of selling opened the door to the largest technological and financial names.
Technology
Doge is supposedly planning Hackathon to build a “mega api” for IRS data

The Department of Government Elon Musk (DOGE) is planning Organize Hackathon next week Focused on creating a “mega API interface”, which is able to provide access to taxpayers, according to Wired.
Wired claims that Hackathon is organized by two Doge employees within the service of the inner rule – Gavin Kliger and Sam Corcos, who’re also the final director at the extent of Healthtech startups. Corcos reportedly said to others in Doge that his goal is to build “one new API to rule them all.”
This would facilitate cloud suppliers access to IRS data, including taxpayers’ names, addresses, social insurance numbers, tax declarations and employment information, which may very well be exported to external systems. According to Wired, the vendor of external parties managed parts of the project, and Palantir “consistently” grew up as a candidate.
“Basically, they are open door controlled by Musk for the most sensitive information of all Americans without any rules that normally secure this data,” said an anonymous IRS worker said.
(Tagstranslate) dog
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