June 13, 2025

Powering next-gen services with AI in regulated industries 

Businesses in highly-regulated industries like financial services, insurance, pharmaceuticals, and health care are increasingly turning to AI-powered tools to streamline complex and sensitive tasks. Conversational AI-driven interfaces are helping hospitals to track the location and delivery of a patient’s time-sensitive cancer drugs. Generative AI chatbots are helping insurance customers answer questions and solve problems. And agentic…

Toma’s AI voice agents have taken off at car dealerships – and attracted funding from a16z

June 5, 2025
When Monik Pamecha co-founded AI voice startup Toma in early 2024, he hadn’t anticipated spending the summer months sweating in Bible Belt car dealerships. He and co-founder Anthony Krivonos were still focused on banking and healthcare customers when the dealers came knocking.  “They just called us up and said ‘we are drowning in phone calls,’” […]

Collibra acquires data access startup Raito

June 5, 2025
Collibra, a data governance platform based in Brussels, is the latest enterprise to acquire a data company in order to expand its offerings in the age of AI. On Thursday, Collibra announced its acquisition Raito, a data access startup founded in 2021. Raito, also located in Brussels, helps companies manage which employees and customers have […]

The Download: funding a CRISPR embryo startup, and bad news for clean cement

June 5, 2025
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Crypto billionaire Brian Armstrong is ready to invest in CRISPR baby tech Brian Armstrong, the billionaire CEO of the cryptocurrency exchange Coinbase, says he’s ready to fund a US startup focused on gene-editing…

Over $1 billion in federal funding got slashed for this polluting industry

June 5, 2025
The clean cement industry might be facing the end of the road, before it ever really got rolling.  On Friday, the US Department of Energy announced that it was canceling $3.7 billion in funding for 24 projects related to energy and industry. That included nearly $1.3 billion for cement-related projects. Cement is a massive climate…

Crypto billionaire Brian Armstrong is ready to invest in CRISPR baby tech

June 5, 2025
Brian Armstrong, the billionaire CEO of the cryptocurrency exchange Coinbase, says he’s ready to fund a US startup focused on gene-editing human embryos. If he goes forward, it would be the first major commercial investment in one of medicine’s most fraught ideas. In a post on X June 2, Armstrong announced he was looking for…

Profitable African fintech PalmPay is in talks to raise as much as $100M

June 5, 2025
PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy […]

Alphabet CEO Sundar Pichai dismisses AI job fears, emphasizes expansion plans

June 5, 2025
In a Bloomberg interview Wednesday night in downtown San Francisco, Alphabet CEO Sundar Pichai pushed back against concerns that AI could eventually make half the company’s 180,000-person workforce redundant. Instead, Pichai stressed the company’s commitment to growth through at least next year. “I expect we will grow from our current engineering phase even into next […]

North America takes the bulk of AI VC investments, despite tough political environment

June 5, 2025
Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s […]