The Next Web (1 hour ago)
Baseten, the AI inference startup, is set to raise about $2bn at a valuation of up to $30bn, more than double its price in June. Rebecca Torrence and Bailey Lipschultz reported the round for Bloomberg on Friday, citing people familiar with the plans.
Read the full story on The Next Web.
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Fraudsters are using the identities of high school graduates who skipped college to apply for student loans and steal the excess proceeds that do not go to schools. They use AI to keep the charade going and make it seem like the fake student is actually going to class.
You’d think someone else would’ve successfully taken gore to the next level.
OpenAI has cut the target for its latest funding round by $10bn, to about $20bn. The Financial Times reported the cut on Friday 30 October, citing people with knowledge of the matter. Some investors reduced their commitments as AI stocks sold off, according to the report.
The founders of Maison Lineti are, in a world first, making single malt whisky as if it were wine—and the spirit world is mighty impressed.
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Alphabet’s Google is in talks with the US Defense Department to help protect the data behind Golden Dome, Bloomberg reported on Friday. Sana Pashankar and Kiel Porter cited people familiar with the matter, who spoke on condition of anonymity because the talks are not public.
France’s National Assembly has voted to tax companies for every gigabyte of data they send to French internet users. The measure, an amendment to the 2027 budget, would charge content providers €0.055 per gigabyte. Its Socialist authors estimate it would raise €10bn a year.
The European Commission has told EU countries to put national social media bans for children on hold for 12 months. It wants a single EU law instead. Austria is the first country affected, and its plan to keep under-14s off social media is now frozen.
Meta has built a prototype humanoid robot with Chinese robotics company Fourier in about three months, and the two are already working on a second version. Jyoti Mann reported the project for The Information on Saturday, citing people familiar with it.
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