VENTURE CAPITAL POST

OpenAI CEO Sam Altman has reportedly secured a $75 million investment for his venture capital firm, Hydrazine Capital, from the University of Michigan.

A recent report showed the declining trend of people to have driver's license in United States. Research was conducted by University of Michigan Transportation Research Institute.

Adidas extended its contract with Indiana University for the next eight years, giving IU $6.7 million annually, which is twice the amount compared to their previous deal. The deal worth $53.6 million in total is good until 2024. The ten-year previous contract between IU and Adidas will end after this academic year.

Mathematicians from the University of Michigan claims the iOS app Entrain that they have built can help travelers prevent jetlag by teaching them how to synchronize their body lock with new time zones.

Santa Clara, US-based startup Crossbar bagged $25 million in its Series C funding round to expand the memory of a postage stamp-sized chip to one terabyte and make it 20 times faster that the best flash storage at present.

Consumer economic sentiment in the U.S. climbed to its highest number six years despite cross-currents among higher-income and lower-income households.