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Mistral raises €3bn at a €21bn valuation in Europe’s largest tech equity round

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Mistral has raised €3bn in a Series D at a post-money valuation of more than €21bn, which the company says is the largest equity fundraising ever completed by a European technology firm. Samsung Electronics led the round, three years after the Paris company was founded. The co-leads are the part worth pausing on. One is […]

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Torvalds joked that AI made Linux 7.3-rc2 this big, and nobody checked

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Linus Torvalds spent Sunday afternoon doing what he does most Sundays. The result was a Linux 7.3-rc2 that came in far heavier than the calendar says it should. He could not find a single cause for it. So he offered the one everybody reaches for. “It might be just random,” he wrote in his rc2 […]

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UN rights chief calls for international red lines on AI, warning of existential risk

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The UN High Commissioner for Human Rights told the Human Rights Council in Geneva that advanced artificial intelligence could pose an existential risk to humanity. He also called on the countries that host AI development and sit in its supply chains to agree on international red lines on what the technology should never be permitted […]

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Italian hosting collective Autistici/Inventati is shutting down after a US terrorist designation

Digital Marketing, Europe, Government and policy, Next Featured, SEO Tips, Technology, United States /

Autistici/Inventati, an Italian nonprofit that has hosted email, websites, mailing lists, and blogs for activists since 2001, is closing down. The collective said it will discontinue all services and help users retrieve their data, eleven days after the United States listed it as a Specially Designated Global Terrorist. The designation was announced by the State […]

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Nvidia now holds $99bn in shares of the companies that buy its chips

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Nvidia sells the chips that the AI industry runs on. It now also owns $99bn of the industry. The figure sits in the company’s own quarterly filing. CNBC’s Kai Nicol-Schwarz pulled it out. Nvidia equity investments stood at $99bn as of 26 July. A year earlier the figure stood at about $7bn. Two years earlier, […]

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Thinking Machines is in talks to raise $6bn, The Information reports

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Mira Murati’s Thinking Machines Lab is raising money again. The figure that travelled around the internet last week was the wrong one. The Information broke the story on 3 September. Its current version puts the raise at $5bn to $6bn, on a pre-money valuation of at least $40bn. Accel, an investor since the seed round, […]

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Oura’s $924m loss is the price of buying back its own shares

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Oura filed to go public on Nasdaq on 3 September, and the coverage split within hours. Reuters reported that the smart ring maker had recently turned profitable. The Wall Street Journal told its readers the same. Bloomberg’s Subrat Patnaik led on a loss of $924.3m. Business Insider’s Kelsey Vlamis carried both figures without reconciling them. […]

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EU tech chief says AI guardrails are coming to the US anyway

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Henna Virkkunen told Axios at the G20 innovation ministerial that the US and the EU keep arriving at similar AI protections, Europe by regulating in advance and America through courts and state law. She made the argument at the summit where Washington launched the Carolina Principles urging governments not to create new AI rules or […]

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Nigeria’s regulator asks Uber about the services it did not deliver before leaving

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Nigeria’s Federal Competition and Consumer Protection Commission is investigating Uber’s abrupt exit, particularly unfulfilled services to customers, after the company shut down without warning as part of a global review that cut 3,300 jobs. The main beneficiary is Estonia’s Bolt, and EU platform rules would have required 30 days’ notice to drivers. Nigeria’s competition and […]

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Uber put $100m into the company that hired Anthony Levandowski

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Uber has put $100m into a company that just hired Anthony Levandowski. His theft of Google’s self-driving secrets cost Uber a fortune, and it helped end Travis Kalanick’s time as chief executive. The company is Atoms, Kalanick’s new venture. Rafe Rosner-Uddin reported the arrangement for the Financial Times on Sunday. He cited people familiar with […]

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