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
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
LEGAL
Opening statements begin in the biggest consumer protection case in the US
Opening statements in the Meta social media trial begin today in Oakland. The $1.4tn figure everyone is quoting came from Meta's own lawyers, not the states, who told the court last week that $193bn is closer. The jury is advisory, so a judge decides.
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