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ARTIFICIAL INTELLIGENCE
Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand
The amber Series A raised €7mn, co-led by Ventech and the venture arm of a German state bank. The Aachen startup structures company data before any model sees it, and says that cuts token costs by up to 60%. Its Mittelstand pitch is that no American shareholder can be compelled to hand anything over.
GOVERNMENT AND POLICY
The DOJ is investigating Andreessen Horowitz over competing board seats
The Andreessen Horowitz DOJ probe centres on whether partners at the venture firm improperly sit on the boards of competing AI companies. Bloomberg reported it on Monday. Ben Horowitz sits on the Databricks board, and Martin Casado sits on Fivetran's. The department could still close the case without acting.
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
GOVERNMENT AND POLICY
The DOJ is investigating Andreessen Horowitz over competing board seats
The Andreessen Horowitz DOJ probe centres on whether partners at the venture firm improperly sit on the boards of competing AI companies. Bloomberg reported it on Monday. Ben Horowitz sits on the Databricks board, and Martin Casado sits on Fivetran's. The department could still close the case without acting.
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