Groq closes $350M Series A at $3.5bn evaluation and Nvidia joins the round
Investors and funding
The US is about to make its allies pick a side in the AI cold war
Government and policy
Latest news
ARTIFICIAL INTELLIGENCE
Cursor Origin is on by default for paid users, and its data terms are unpublished
Origin went out on Monday morning and GitHub fell over three and a half hours later, so the outage did not create the opening. The question worth asking is who holds your code now, because Cursor has not said.
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
NVIDIA
The SEC staff agreed data centre securitisation sits outside Dodd-Frank risk retention
Latham asked on 23 July and the SEC staff agreed on 29 July. The letter reasons that data centres are not self-liquidating assets, lists buildings, power, cooling and land among the collateral, and states that it carries no legal force.
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