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ARTIFICIAL INTELLIGENCE
Higgsfield raised $400mn at $5.4bn, four times its January valuation
The Higgsfield Series B raised $400mn at a $5.4bn valuation, four times what the AI video startup was worth in January. Its annualised revenue run rate went from about $20mn to $700mn in a year. Most of that money now comes from businesses, not creators.
ARTIFICIAL INTELLIGENCE
Higgsfield raised $400mn at $5.4bn, four times its January valuation
The Higgsfield Series B raised $400mn at a $5.4bn valuation, four times what the AI video startup was worth in January. Its annualised revenue run rate went from about $20mn to $700mn in a year. Most of that money now comes from businesses, not creators.
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
DATA AND SECURITY
France’s tax agency lost data on 678,000 people to a stolen login
The French tax agency breach exposed income and property data on 678,000 people and businesses. Attackers used a staff login and an authorised outsider's, not a software flaw. DGFiP cut the access, but its own checks missed the theft. It learned the scale when the hacker advertised the database.
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