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Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand

Artificial Intelligence, Business, Business Apps, Digital Marketing, Europe, SEO Tips, Startups and technology, Technology /

Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. By the standards of this year’s AI rounds, €7mn is small. The argument behind it is not. amber connects and structures a company’s internal […]

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Higgsfield raised $400mn at $5.4bn, four times its January valuation

Artificial Intelligence, Business, Digital Marketing, Media, SEO Tips, Startups and technology, Technology, United States /

Higgsfield has raised $400mn at a $5.4bn valuation. DST Global led the round. Goldman Sachs, Intel Capital, and Liberty Global Tech Ventures all took part, alongside Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Mirae Asset Capital, and NTT DOCOMO Ventures. The company was valued at $1.3bn in January. That is roughly four times higher […]

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OpenAI disbanded the team that assessed catastrophic model risks

Artificial Intelligence, Business, Digital Marketing, OpenAI, Security, SEO Tips, Technology, United States /

OpenAI shut down its preparedness team at the end of July, the Financial Times reports. The team existed to work out whether OpenAI’s models posed catastrophic risks. It also designed the ways to contain them. The work has not disappeared. Responsibility now sits with senior staff inside existing teams, split by subject. There are separate […]

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EY will keep interns on for a year before offering them a job

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EY is launching a paid Career Residency that keeps assurance interns employed part-time for 8 to 12 months after their eight-week internship, working remotely on EY projects during their final year of college. Those who complete it and receive an offer join as analysts rather than staff. EY has decided that eight weeks is no […]

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OpenAI is funding 13 Axios local newsletters in a three-year deal

Artificial Intelligence, Business, Digital Marketing, Future of work, Media, SEO Tips, Technology, United States /

OpenAI is paying the startup costs of 13 new Axios Local newsletters, covering both staff and technology. Axios employees also get free credits for OpenAI’s enterprise tools. In return, Axios lets OpenAI train its models on its free published coverage. The term is three years. Issie Lapowsky set the arrangement out for the Columbia Journalism […]

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The first Ferrari Luce sold for $40mn, 36 times its estimate

Business, Cars, Digital Marketing, Electric vehicle, Europe, SEO Tips, Technology /

The first production Ferrari Luce sold for $40mn at RM Sotheby’s Monterey auction, setting records for the most expensive new car, electric car and charity car sold at public auction. Ferrari keeps none of the money and the car is not due for delivery until early 2027. The first production Ferrari Luce has sold for […]

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ByteDance signs a copyright pact with Hollywood’s MPA to rein in its Seedance AI video tool

Business, Digital Marketing, SEO Tips, Technology, Video /

The TikTok owner has agreed a pact with the Motion Picture Association, the trade body for the major US studios, to tighten copyright protections on its AI image and video generators, ending, at least officially, a standoff that began when the studios accused the company of building a machine for wholesale infringement. The agreement covers […]

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Deutsche Telekom buys Macquarie’s Polish fibre and TV assets in a €1bn bet on convergence

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Deutsche Telekom has agreed to buy two of Poland’s best-known fibre businesses, Fiberhost and INEA, from the Australian investment group Macquarie, in a deal worth roughly €1bn and aimed squarely at the country’s scramble to bundle mobile, broadband, and television into a single monthly bill. The German operator confirmed on Monday that its local arm, […]

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The Supreme Court will not help Verizon recover $47mn over location data

Business, Data and security, Digital Marketing, Government and policy, SEO Tips, Technology /

The US Supreme Court has refused Verizon’s request to amend a June ruling so it could pursue a refund of the $47mn it paid over selling access to customer location data. AT&T, whose case is procedurally different, can still seek reimbursement of its $57mn. Verizon will not get back the $47mn it paid over customer […]

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Alphabet takes its AI debt spree Down Under with a first Australian dollar bond

Australia, Business, Digital Marketing, SEO Tips, Technology /

Alphabet is preparing to sell its first bond denominated in Australian dollars, a modest-sounding piece of financial housekeeping that says a good deal about how the AI build-out is now being paid for. According to bookrunner messages reported by Reuters, the Google parent has hired ANZ, Deutsche Bank, RBC Capital Markets, and TD Securities to […]

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