Apple is reportedly developing an enterprise server built on its own chips
Artificial Intelligence
The Commission president proposes no social media for children under 13 in the EU
Government and policyLatest news
ARTIFICIAL INTELLIGENCE
Arcee AI built Trinity for about $20m, and investors now value it at $1bn+
Arcee AI, which built its Trinity family of open-weight models for about $20m, has raised a Series B round that values it at more than $1bn. Vista Equity Partners, Cambium Capital and Emergence Capital led the round, which a source told Fortune was at least $150m.
ARTIFICIAL INTELLIGENCE
Arcee AI built Trinity for about $20m, and investors now value it at $1bn+
Arcee AI, which built its Trinity family of open-weight models for about $20m, has raised a Series B round that values it at more than $1bn. Vista Equity Partners, Cambium Capital and Emergence Capital led the round, which a source told Fortune was at least $150m.
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.
GOVERNMENT AND POLICY
EU proposes Kids Act banning social media for under-13s and capping teen use at an hour a day
The Commission’s draft law also switches off AI companions for minors by default and makes large platforms prove their services are safe before launch.
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