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
EliseAI is in talks to raise $300mn at a $3.7bn valuation
EliseAI is in talks to raise $300mn at a $3.7bn valuation, Business Insider reports, with a16z and Bessemer in line to lead. The AI leasing and healthcare startup was worth $2.2bn a year ago. Nothing is closed, and the company has not commented.
ARTIFICIAL INTELLIGENCE
Etched raises $700M at a $21B valuation led by Jane Street
The inference chip company has doubled its valuation in 26 days, with a lead investor that was already a backer and is now also its first customer
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
BUSINESS
Fairphone’s most repairable phone yet is now available in the US at $650
The $650 Gen 6+ has twelve user-replaceable parts and seven years of updates, arriving from a continent that has since written much of that into law
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