Chamath Palihapitiya Launches $250M SPAC Focused on U.S. Tech Innovation

Tech investor Chamath Palihapitiya has launched a special purpose acquisition company (SPAC) with the aim of investing in U.S.-based businesses specializing in artificial intelligence, energy technologies, decentralized finance, or defense. The SPAC is designed to support a single strategic technology sector, according to official information provided.