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INVESTORS AND FUNDING
Wispr raised $280mn at $2bn to argue the text box is finished
The Wispr Series B raised $280mn at a $2bn valuation, led by Menlo Ventures. The argument behind it is that AI's bottleneck has moved from the model to the interface. The dictation startup also previewed a new model, conceding its current one misses more than 30% of words in hard conditions.
INVESTORS AND FUNDING
Wispr raised $280mn at $2bn to argue the text box is finished
The Wispr Series B raised $280mn at a $2bn valuation, led by Menlo Ventures. The argument behind it is that AI's bottleneck has moved from the model to the interface. The dictation startup also previewed a new model, conceding its current one misses more than 30% of words in hard conditions.
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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