On Thursday, House Judiciary Chair Jim Jordan (R-OH) sent letters to 16 American technology firms, including Google and OpenAI, asking for past communications with the Biden Administration that might suggest the former President “coerced or colluded” with companies to “censor lawful speech” in AI products. The Trump Administration’s top technology advisers previously signaled it would pick […]
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EV startup Fisker is pausing production of its electric Ocean SUV for six weeks as it scrambles for a cash infusion. The company said in a Monday morning regulatory filing that it had just $121 million in cash and cash equivalents as of March 15th, $32 million of which is restricted or not immediately accessible. […]
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Multinational technology giant Fujitsu confirmed a cyberattack in a statement Friday, and warned that hackers may have stolen personal data and customer information. “We confirmed the presence of malware on multiple work computers at our company, and as a result of an internal investigation, we discovered that files containing personal information and customer information could […]
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Raising capital sounds simple: You hand over shares, investors hand over cash, and everyone then gets back to work. The reality is a little bit more complicated. If you are selling equity, are you doing so in a priced round? Or via a convertible note, a debt instrument that will later convert to shares? Oh […]
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