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Databento raises $97M to take on Bloomberg’s terminal

Databento has raised $97M in Series B funding to build what it calls the market data platform for modern finance. The round was led by New Enterprise Associates, with DRW, Redpoint Ventures, and Tribe Capital joining. The company announced the raise on Thursday. Demand ran well past the target. The round was oversubscribed, drawing more […]

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Microsoft’s Brad Smith: the US is regulating AI with rules nobody can read

Microsoft president Brad Smith says the US is now regulating AI without a clear set of rules. The uncertainty, he warns, is a problem for the whole industry. He made the case to Fortune on the sidelines of the AI for Good Global Summit. “What we really have right now is regulation without transparent or […]

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US power firms scramble for transformers and turbines as data centres strain supply

US power companies are locked in a scramble for the heavy electrical gear that keeps the lights on, as a wave of artificial-intelligence data centres pushes demand for transformers, turbines and switchgear well beyond what factories can supply. Lead times once measured in months now run into years, and developers are fighting over the same […]

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‘We cannot choose to become idiots’: a Brown professor’s proof of mass AI cheating

An economics professor at Brown University suspects most of his class cheated with AI, and he has the numbers to make the case. Roberto Serrano watched his take-home midterm average hit 96 out of 100. When he switched the final to an in-person test, the average fell to 48. He has taken the story public, […]

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Irish drone delivery startup Manna is building a 1,000-person US factory in Tulsa to take on Zipline and Wing

Manna Aero, the Ireland-based autonomous drone delivery startup, is setting up a US operations and manufacturing centre in Tulsa, Oklahoma, that will employ about 1,000 people over the next several years. Construction is underway, with manufacturing expected to begin in about a year. The expansion is fuelled by the $50 million in venture capital Manna […]

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HubSpot tried to feed its AI with customer data. The revolt took four days

HubSpot has scrapped a plan to use its customers’ data for a new AI feature, just four days after announcing it. The CRM firm changed its terms on 1 July to pool customer data, including contact and employer details, for a tool that finds sales leads, The Information reported. It opted users in by default. […]

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Nvidia teams up with chip rival d-Matrix instead of fighting it

Nvidia has found a new way to handle its chip rivals: work with them. The GPU giant is combining its hardware with inference chips from the startup d-Matrix, The Information reported. The two will ship a joint system to run AI models. The AI-cloud firm Parasail will be its first customer, with the system due […]

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Venus Aerospace raises $91M to build its ‘detonation’ rocket engine

A Texas startup has raised $91m to build a rocket engine most of the industry once wrote off as too hard. Venus Aerospace announced a $91m Series B to develop its Rotating Detonation Rocket Engine, or RDRE. Mercury Fund led the round. The backers read like a defence roll-call. Lockheed Martin Ventures joined, alongside MESH, […]

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A tritium ‘nuclear battery’ just reached orbit for the first time

The nuclear age has quietly reached commercial spaceflight. City Labs, a Miami firm, has launched BOHR, which it calls the world’s first commercial nuclear-powered satellite and the first nuclear CubeSat. The craft is about the size of a softball. It flew on a SpaceX Falcon 9 rideshare on 7 July, alongside 80 other payloads, the […]

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Smart glasses are having a privacy reckoning, and Meta is caught in the middle

The smart-glasses backlash has reached the courtroom. From 20 July, New York will ban recording eyewear from every one of its 1,240 courts. It is the first US state to go that far. An internal memo from the New York State Unified Court System sets out the rule, first reported by Syracuse.com. The ban is […]

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