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The Nexus
BUSINESSJul 11 · 11:27 UTCFORTUNESydney Lake

‘I have a chip on my shoulder.’ Phoebe Gates wants her $185 million AI startup Phia to succeed with ‘no ties to my privilege or my last name’

Phoebe Gates, daughter of Bill Gates and Melinda French Gates, cofounded AI shopping startup Phia, which raised $43 million and is valued at $185 million. She aims to distance the company from her family's influence, stating the venture should stand on its own merit. Phia's browser extension faced allegations of 'cookie stuffing,' a practice where it allegedly claimed credit for online sales it did not drive.

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