Others

SEC ends investigation into Better.com, which is bleeding cash ahead of planned SPAC vote

August 4, 2023
The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred. Last July, the SEC began looking into whether Better.com had violated […]

AI is going 4-dimensional

August 4, 2023
Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday morning. State-sponsored bad actors have long been able to make “deepfake” videos that are good enough to trick unsophisticated viewers — and probably some more clued-in folks, too. That sort of work takes significant processing power and technical know-how to […]

AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung

August 4, 2023
The appetite for hardware to train AI models is voracious. AI chips are forecast to account for up to 20% of the $450 billion total semiconductor market by 2025, according to McKinsey. And Insight Partners, the VC firm, projects that sales of AI chips will climb to $83.3 billion in 2027 from $5.7 billion in […]