Catch up on the top tech stories from this past week. Here are the headlines that people have been reading on GeekWire.
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A onetime Seattle startup founder who went on to lead engineering teams at Google, Meta, Yahoo, Tinder and LinkedIn, is heading up a new startup called Palona AI that builds customer-facing AI agents for retail businesses.
Madrona, the largest venture firm in the Pacific Northwest, raised $770 million for two new funds as the longtime Seattle-based investor looks to back a new batch of tech startups.
Microsoft CEO Satya Nadella had the quote of the week in response to a question from CNBC's Andrew Ross Sorkin about Elon Musk questioning the ability of the new Stargate Project's financial backers to invest up to $500 billion in AI infrastructure.
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JPMorgan Chase named a new leader of its Seattle Tech Center: Mamtha Banerjee, a computer scientist, business leader, and Seattle startup veteran who has worked for the financial services giant for more than two years.
Chris Young, a tech industry veteran who joined Microsoft to lead its business development initiatives in 2020, turned in his resignation today, according to a Securities and Exchange Commission filing this afternoon.
Microsoft will no longer be the exclusive provider of new cloud computing capacity to OpenAI — a new twist in their relationship that clears the way for OpenAI to work with Oracle and others on the $500 billion Stargate AI project announced by the companies Tuesday with President Trump at the White House.
President Trump had clear messaging and a well-paced delivery during his inauguration speech Monday, but he could have been 36% more concise and offered more clarity on execution.
Seattle-based marketing technology company Banzai International plans to acquire Act-On Software, a Portland, Ore.-based company that sells marketing automation software.
Smartsheet is a private company again. The Bellevue, Wash.-based enterprise software giant completed its $8.4 billion acquisition by Blackstone and Vista Equity Partners on Wednesday, capping off a transaction process first announced in September.
Microsoft's AI for Good Lab is offering a total of $5 million in cloud computing credits in its home state of Washington through a new grant program in conjunction with the company's 50th anniversary.
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