February 22, 2025

US AI Safety Institute could face big cuts

The National Institute of Standards and Technology could fire as many as 500 staffers, according to multiple reports — cuts that further threaten a fledgling AI safety organization. Axios reported this week that the US AI Safety Institute (AISI) and Chips for America, both part of NIST, would be “gutted” by layoffs targeting probationary employees […]

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September 2023

Armed with First Republic alums, Citizens Bank unveils new startup-focused private bank

September 14, 2023
When Silicon Valley Bank imploded in March, Sam Heshmati wasn’t naive enough to think that First Republic Bank — where he had worked for more than a decade and helped launch their startup practice — wouldn’t be affected. He recalls watching everything unfold at his former employer with both sadness and surprise. “When SVB went […]

LastMile AI closes $10M seed round to ‘operationalize’ AI models

September 14, 2023
LastMile AI, a platform designed to help software engineers develop and integrate generative AI models into their apps, has raised $10 million in a seed funding round led by Gradient, Google’s AI-focused venture fund. AME Cloud Ventures, Vercel’s Guillermo Rauch, 10x Founders and Exceptional Capital also participated in the round, which LastMile co-founder and CEO […]

Caesars Entertainment says customer data stolen in cyberattack

September 14, 2023
Hotel and casino giant Caesars Entertainment said Thursday that hackers stole a huge trove of customer data in a recent cyberattack, confirming recent media reports. Caesars said in an 8-K notice with federal regulators filed before markets opened on Thursday that hackers stole a copy of the company’s loyalty program database, which includes driver’s license […]

Hackers claim MGM cyberattack as outage drags into fourth day

September 14, 2023
MGM Resorts continues to battle a widespread outage after a cyberattack forced it to shut down systems across its properties. The hotel and entertainment giant, which operates a number of hotels and casinos on the Las Vegas Strip including the Bellagio, Aria and Cosmopolitan, shut down large parts of its internal networks on Sunday. This […]

Defence AI startup Helsing breaks the record for European AI, raising a $223M Series B

September 14, 2023
Helsing, a ‘Defence AI’ startup backed by Spotify founder Daniel Ek which had previosuly raised €102.5 million, has today pulled in another €209 million ($223 million) in a Series B funding round led by General Catalyst. Swedish heavy industry and defence group Saab is joining as a strategic investor, deepening what was previously an existing […]

Pixis, an AI-powered full-stack marketing platform, raises $85M

September 14, 2023
Pixis, an AI-powered platform for brands to monitor and orchestrate their marketing campaigns, today announced that it raised $85 million in a Series C1 round led by Touring Capital with participation from Grupo Carso, General Atlantic, Celesta Capital and Chiratae Ventures. The funding brings Pixis’ total raised to $209 million, and comes at a time […]