King Charles asks AI chiefs to keep the technology under human control
Artificial Intelligence
“Regulate the products”: Nvidia’s Huang pushes back on AI rules at King Charles’s summit
Artificial Intelligence
EU-backed Scaleup Europe Fund in talks to invest in ElevenLabs
Investors and funding
King Charles to tell AI leaders to keep the technology in the service of humanity
Artificial IntelligenceLatest news
INVESTORS AND FUNDING
Factory raises $200M at a $5B valuation for its AI coding agents
Factory, which builds autonomous AI coding agents for enterprises, has raised $200 million at a $5 billion valuation. That is more than three times its April price. Blackstone, Khosla Ventures and Sequoia Capital are among the backers, and total funding now tops $400 million.
INVESTORS AND FUNDING
Factory raises $200M at a $5B valuation for its AI coding agents
Factory, which builds autonomous AI coding agents for enterprises, has raised $200 million at a $5 billion valuation. That is more than three times its April price. Blackstone, Khosla Ventures and Sequoia Capital are among the backers, and total funding now tops $400 million.
BUSINESS
Automattic says Mullenweg is CEO again, three days after removing him
Automattic's board put Matt Mullenweg on paid leave on Wednesday and made its CFO interim chief executive. By Saturday the company said Mullenweg is chairman and CEO with the board's full support. It has not explained either decision. He calls it his fifth coup attempt.
META
Oversight Board orders Meta to remove a deepfake of a UK councillor
Meta’s Oversight Board ordered Meta to remove an AI-generated video of a Labour councillor in Scotland and one mocking a young Muslim campaigner. It called Meta’s deepfake rules fundamentally inadequate and made nine recommendations across the two cases, and Meta has 60 days to respond.
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