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

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

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

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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France’s tax agency lost data on 678,000 people to a stolen login

The French tax agency says an attacker took data belonging to 678,000 individuals and businesses. The intrusions happened in June and July. The agency did not establish that anything had left its systems until the attacker said so in August. The Direction générale des Finances publiques set out what the attacker reached in a statement […]

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ABC’s livestreamed news show is powered by trending topics

ABC News has officially introduced Searched, a livestreamed show that highlights stories people are discussing on social media and searching on the web, as reported earlier by Variety. Though the network just announced the show now, Searched began airing on the ABC News Live streaming channel in April, which appears on both Disney Plus and […]

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