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Ex-Trump AI Adviser Sriram Krishnan Targets Raising a $500 Million Venture Fund

Sriram Krishnan, a key AI adviser to President Donald Trump who left the White House in June, is raising an AI-focused venture fund, according to three people familiar with the matter. The fund will target raising around $500 million to invest in growth- and later-stage companies, the people said. Before joining the Trump administration, Krishnan worked for tech companies including Microsoft and Twitter. He later became a general partner at Andreessen Horowitz, where he helped launch the...

U.S. Treasury Issues First Fine Over Outbound Investments in China’s Tech Sector

The parent company of startup accelerator Plug and Play Tech Center was fined $200,000 for failing to notify the government of an investment in a Chinese robotics startup.

Microsoft Debuts Nvidia-Powered PCs with On-Device AI, Following Apple’s Breakout Hit

Microsoft's Copilot software will now automatically use local AI models for some tasks to bring down costs.

Musk Says SpaceX Will Sometimes Use Rival Models to Power Grok Bot

The move signals a shift away from relying exclusively on models developed in-house.

Former Google, Nvidia Execs Launch Company to Ease GPU Crunch

National Compute plans to pool underutilized cloud AI servers so smaller companies can rent them.

SpaceX Seeks to Raise $40 Billion From Apollo to Buy Nvidia Chips

The talks come as AI and rocket company SpaceX expands its compute-leasing business.

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OpenAI Publishes Over 700 New Math Papers with AI-Made Solutions 

The deluge of new research follows a firestorm last month when the company’s AI solved the ‘Navier-Stokes’ problem

HubSpot Lays Off 7% of Workforce, Says It’s Not Because of AI

HubSpot becomes the latest business software provider to cut staff this year, as fears over AI taking a bite out of its revenue continue to percolate.

Pinterest Names New CFO

James Dibbo is the fourth new person to join Pinterest’s c-suite this year

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Anthropic Expands Cyberdefenders’ Access to Top Models

All members of its Cyber Verification Program will have access to advanced models for some uses; Project Glasswing is transitioning to become a ‘specialized access’ tier.

Exclusive: Star Goldman Sachs Banker Dunlevie to Co-Lead Tech Banking

Dunlevie has led deals for OpenAI, Stripe and Instacart.

Uber to Buy Catering Firm for $2.3 Billion

EzCater's service offers businesses a way to order from restaurants across the country, including for meetings and events.

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Ellison-Controlled Skydance Completes Warner Bros. Discovery Acquisition

The combined company owns both the Warner Bros. and Paramount film studios, the HBO Max and Paramount Plus streaming services as well as CBS and an array of cable channels.

Kuaishou’s Kling Picks Banks for $1 Billion-Plus Hong Kong IPO

Kling, which develops AI video generation models, faces tough competition from Chinese and American rivals.
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