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INVESTORS AND FUNDING
Legora is reportedly chasing a $10bn valuation, barely a season after its last raise
The Stockholm legal-AI startup is said to be seeking fresh funds at more than $10bn, roughly double what it was worth in spring, as its arms race with Harvey runs ever hotter.
FINANCE
AI compute becomes a tradable commodity on 5 October. The price goes public
From 5 October the cost of renting an Nvidia chip becomes a tradable commodity, listed on the same exchange as crude oil. It also becomes a public number that anyone can read.
ARTIFICIAL INTELLIGENCE
Target appoints its first chief AI officer as retailers scale up AI spending
Chandhu Nair joins from Lowe's on August 24, into a job that barely existed two years ago and now sits in three quarters of large organisations
ARTIFICIAL INTELLIGENCE
A Pentagon memo tells staff to spend $244m with Palantir. Its subject line is ‘Funding Palantir’
The memo tells Pentagon officials to spend up to $243.9m with Palantir by March. Its subject line is “Funding Palantir”, and it does not mention the rule that normally requires a competition.
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