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Karmen secures $9.4 million for its revenue-based financing products
French startup Karmen has secured a small funding round so that it can improve its instant financing products. The company offers short-term loans to small companies facing a working capital crunch. It’s a €9 million equity-and-debt round ($9.4 million at today’s exchange rates) with Seventure Partners buying a stake in the small startup. Financière Arbevel […]
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President Trump signs exec order to make Musk’s DOGE commission more official
The Department of Government Efficiency (DOGE), an advisory commission spearheaded by billionaire Elon Musk recommending deep cuts to federal agencies, could soon become more official, should an executive order signed by President Donald Trump pass legal muster. On Monday evening, Trump signed an order that renames the U.S. Digital Service, which was created in 2014 […]
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Trump signs exec order, delaying TikTok enforcement action for 75 days
President Donald Trump has signed an executive order aimed at restoring TikTok service in the U.S. The order instructs relevant government agencies to “pursue a resolution” that “protects national security” while “saving [TikTok.]” Via the order, Trump is instructing the U.S. Attorney General not to take any action for 75 days to enforce the Protecting […]
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UK to unveil ‘Humphrey’ assistant for civil servants with other AI plans to cut bureaucracy
A week after the U.K. government announced a sweeping plan to make big investments into AI, it’s laying out more details around how this will take shape in the public sector. On the agenda: AI assistants to speed up public services; data sharing deals across siloed departments; and a new set of AI tools — […]
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