With the EU AI Act incoming this summer, the bloc lays out its plan for AI governance

May 29, 2024

The European Union has taken the wraps off the structure of the new AI Office, the ecosystem-building and oversight body that’s being established under the bloc’s AI Act. The risk-based regulatory framework for artificial intelligence is expected to enter into force before the end of July — following the regulation’s final approval by EU lawmakers […]

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Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text

May 29, 2024

Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding. Edison Partners and StepStone Group co-led the equity portion of the raise while Stifel Venture Bank provided a lending facility, which made up less than 15% […]

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Relay raises $24 million to help smaller businesses manage their cashflow

May 29, 2024

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s enterpreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,” […]

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OpenAI signs on 100K PwC workers to its ChatGPT enterprise tier, as the consultant becomes its first resale partner

May 29, 2024

ChatGPT has changed the game for how ordinary people regard and interact with AI, and today its creator announced a new, major enterprise customer that it hopes will be a signal of how a similar effect could play out in the world of work.  PwC, the management consulting giant, has signed on as a customer […]

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72 hours left of the Disrupt early-bird sale

May 29, 2024

Tech enthusiasts and entrepreneurs, the clock is ticking! With just 72 hours remaining until the early-bird ticket deadline for TechCrunch Disrupt 2024, now is the time to secure your spot and save big on this premier tech event. Don’t miss out on the opportunity to join us in San Francisco for an unforgettable experience filled […]

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Avendus, India’s top venture advisor, confirms it’s looking to raise a $350 million fund

May 29, 2024

Avendus, the top investment bank for venture deals in India, confirmed on Wednesday it is looking to raise up to $350 million for its new private equity fund.  The new fund, called Future Leaders Fund III, will enable the Mumbai-headquartered firm to write larger checks and maintain a meaningful position in the startups it backs, […]

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China’s $47B semiconductor fund puts chip sovereignty front and center

May 28, 2024

China has closed a third state-backed investment fund to bolster its semiconductor industry and reduce reliance on other nations, both for using and for manufacturing wafers — prioritizing what is called chip sovereignty. China’s National Integrated Circuit Industry Investment Fund, also known simply as ‘the Big Fund,’ had two previous vintages: Big Fund I (2014 […]

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