Microsoft joins AI cost-cutting trend by relying more on its own models
Microsoft is the latest Silicon Valley giant to cut back on its AI spending.
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Blue Origin reportedly raising $10B at $130B valuation
Blue Origin is raising $10 billion at a $130 billion pre-money valuation from Coatue Asset Management, Bezos himself, and other big-name investors, The New York Times reported.
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Apple to produce Made in America wireless chips with Broadcom
Apple has signed a $30 billion+ multiyear deal with Broadcom to design and produce more than 15 billion U.S.-made custom wireless connectivity chips for Apple products.
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Solo GP Ashley Smith announces second $25M fund to back startups in AI, security and more
Vermilion Cliffs Ventures announced Wednesday the close of a $25 million Fund II.
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Crypto VC firm Paradigm raises $1.2B to invest in ‘technical frontier’ startups
For Paradigm, the technical frontier will stretch beyond its cryptocurrency investment roots. This fund is expected to expand its investment focus to include robotics and AI.
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Google’s deepfake detector system used to debunk McConnell hoax pic
Earlier this week, a picture seemed to show Kentucky Senator Mitch McConnell covered in tubes in a hospital bed in a state of extreme distress. It turned out to be an AI-generated fake.
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Lovable reportedly in talks to double its valuation to $13.2B
The $300 million round is expected to be led by Menlo Ventures, Sifted reported.
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Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement
The saga of Musk’s tussle with the SEC over how he disclosed his growing stake in Twitter (now X) has come to an end.
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Block reaches $45M settlement with 46 states over Cash App fraud probe
State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.
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Paris-based AI voice startup Gradium raises $100M seed, backed by Nvidia
The company is using the cash to open an office in the Bay Area and compete for talent there, “strengthening its position at the heart of the world’s leading AI ecosystem.”
