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LegalOn Secures $50M to Advance AI-Powered Legal Workflow Solutions LegalOn Technologies, a legal tech startup with headquarters in Tokyo and San Francisco, has announced a $50 million Series E funding round. The investment was led by Growth Equity at Goldman Sachs Alternatives, with continued support from World Innovation Lab and
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K Prize AI Coding Challenge Reveals Tough Reality for AI Engineers The world of AI coding has just faced a reality check with the results of the first-ever K Prize competition. Organized by the Laude Institute and launched by Databricks and Perplexity co-founder Andy Konwinski, this multi-stage challenge set out
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Trump’s Executive Order on ‘Woke AI’ Signals Major Shift for US Tech The landscape of artificial intelligence development in the United States is set for a dramatic transformation after President Donald Trump signed a new executive order targeting so-called "woke AI". This order, issued on July 23,
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Google Cloud Secures OpenAI as a Landmark Customer In a bold move that highlights both collaboration and competition in artificial intelligence, Google has announced a new partnership with OpenAI—one of its fiercest rivals in the industry. Sundar Pichai, CEO of Google, expressed strong enthusiasm for the deal, which will
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Trump Administration Unveils AI Chip Export Strategy Aimed at China The Trump administration has released its much-anticipated AI Action Plan, signaling a strategic effort to maintain U.S. leadership in artificial intelligence while curbing the transfer of advanced semiconductor technology to China. The document, published on July 23, outlines ambitions
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Trump’s AI Action Plan: Deregulation, Infrastructure, and Competition with China The Trump administration has unveiled its AI Action Plan, signaling a significant departure from the previous administration’s more cautious approach to artificial intelligence. This new strategy focuses on rapid AI development, major infrastructure investments, and a competitive stance
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AI Talent War Heats Up: The New Competitive Edge in Tech The artificial intelligence sector is experiencing a dramatic shift, with the competition for top AI talent now rivaling the intensity of professional sports. As groundbreaking models and research capture global attention, the race to secure elite researchers and engineers
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Lovable Reaches $100M ARR Just Eight Months After Launch Swedish startup Lovable, known for its AI-powered website and app builder, has reached a remarkable milestone: $100 million in annual recurring revenue (ARR) just eight months after its launch. The achievement arrives shortly after Lovable became Europe’s newest unicorn, signifying
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Proton Launches Lumo: A Privacy-Focused AI Assistant with End-to-End Encryption Privacy-centric tech company Proton has unveiled Lumo, its new AI assistant designed to put user privacy first. Unlike many mainstream AI chatbots, Lumo ensures that your conversations remain confidential and secure, setting a new standard for privacy in AI-powered productivity
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Gupshup Secures $60M to Expand AI Messaging, Keeps Valuation Private Gupshup, a long-standing business messaging provider founded in India and now headquartered in San Francisco, has raised over $60 million in a new funding round. The financing, a mix of equity and debt from Globespan Capital Partners and EvolutionX Debt
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Amazon Makes Strategic Move into AI Wearables with Bee Acquisition Amazon has confirmed its acquisition of Bee, an AI wearable startup known for its voice-recording bracelet and companion app. While the deal is not fully closed, the announcement marks a significant step in Amazon’s expansion into the wearable AI
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OpenAI and Oracle: A $30 Billion Annual Cloud Partnership OpenAI has officially been revealed as the mysterious customer behind Oracle’s massive $30 billion annual data center services deal, a partnership that signals a new era in AI infrastructure and cloud computing. The confirmation came from OpenAI CEO Sam Altman