Michelle Ma / Bloomberg : Gigascale Capital, a climate tech VC firm co-founded by former Meta CTO Mike Schroepfer, closed a $250M fund to back early-stage startups supporting the AI boom — Gigascale Capital closed a $250 million fund for early-stage startups. — Climate tech venture capital firm Gigascale Capital …
Trump admin backs off controversial $2B fund, clearing path for stalled GOP immigration bill
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The Department of Justice (DOJ) pressed pause on the Trump administration's "anti-weaponization" fund on Monday, giving Senate Republicans runway to hammer through a massive immigration enforcement funding package in the process. The DOJ announced on X that it would abide by a Virginia federal court's order to not move forward with the fund. It comes as Republicans in the upper chamber punted their plan to advance a $72 billion immigration enforcement package over deep concerns about who could access the flow of taxpayer dollars from the nearly $2 billion fund. The DOJ said in a statement that it "disagrees strongly with the decision on the Anti-Weaponization Fund" by the Virginia district court, "wherein the Court stated that, under no circumstances, may the Department of Justice proceed with the Anti-Weaponization Fund recently established in order to make up for the tremendous abuse, harm, and hate unfairly shown to so many people." SENATE GO...