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Revolut partners with OpenAI to bundle ChatGPT Go into its subscriptions
Fintech and ecommerce
Russia charges Telegram’s Durov with aiding terrorism and adds him to a wanted list
Government and policy
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Reach founders, executives, and tech decision-makers across the US and Europe.
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Latest news
INVESTORS AND FUNDING
To find out what customers think, this $2bn startup asks their AI twins
Simile, a year-old Palo Alto startup, has raised $200m at a $2bn valuation to build “agentic twins,” AI-generated stand-ins for real consumers that companies can survey instead of running traditional market research. CVS, Deloitte and Wealthfront are already clients, and Simile claims 85–99% accuracy, though those figures are its own and the premise is contested. Its stated goal: to model all eight billion people on earth.
INVESTORS AND FUNDING
To find out what customers think, this $2bn startup asks their AI twins
Simile, a year-old Palo Alto startup, has raised $200m at a $2bn valuation to build “agentic twins,” AI-generated stand-ins for real consumers that companies can survey instead of running traditional market research. CVS, Deloitte and Wealthfront are already clients, and Simile claims 85–99% accuracy, though those figures are its own and the premise is contested. Its stated goal: to model all eight billion people on earth.
CORPORATES AND INNOVATION
Scale AI hired a cloud salesman as CEO. That tells you where it’s going.
Scale AI has appointed Francis deSouza, formerly chief operating officer of Google Cloud, as its chief executive, a year after founder Alexandr Wang left for Meta. The hire of an enterprise-sales veteran signals Scale’s repositioning: from the data-labelling shop that trained everyone’s models into an “enterprise AI” company whose applications business is on track to overtake its data business within 18 months.
SELF-DRIVING
Amazon’s Zoox just won the first US OK to charge for rides in a no-wheel robotaxi
US safety regulators have given Amazon’s Zoox the first-ever commercial exemption for a purpose-built robotaxi, letting it charge for rides in vehicles that have no steering wheel or pedals. The clearance is capped at 2,500 cars a year for two years and comes with heavy reporting requirements, as NHTSA warns it will pull the exemption if the safety problems dogging the wider robotaxi industry show up.
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