The Next Web (1 hour ago)
“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October.
Read the full story on The Next Web.
Chinese startup Langdao Silex showcased its laser-produced plasma EUV source at a trade show, but the technology will likely take many years before it gets to decent EUV power levels. Even if it does, China will need many more advancements to build a practical EUV lithography tool.
Elon Musk has assembled a presidential-level field operation this midterm cycle, underscoring the extent to which he has taken over the get-out-the-vote effort for the Republican party.
Investors are reportedly unhappy with the financials, while politicians are pleading for a delay.
Overall, investors put $38.5 billion into reported seed- through growth-stage financings for Asian startups in Q3, per Crunchbase data. Of that, a majority went to AI-focused companies, echoing the trends we’ve seen globally.
Matters, a Stockholm startup building an AI-powered consumer bank, has raised $5m in pre-seed funding as it comes out of stealth. Swedish angel investor Jakob Johansson led the round. Per Österström founded the company in April.
“Do you not see how UTTERLY STUPID those kinds of rules would be?” Linus Torvalds wrote this on the Linux kernel mailing list on 13 October. He was replying to a developer who wants contributors to keep declaring when they use AI tools. The Register first reported the exchange.
“Human history has given us no experience of facing an actor which is smarter than we are. Is capable of out-thinking us.” Sir Ken McCallum, director general of MI5, said this about AI on 13 October. He was giving his annual threat update at MI5’s London headquarters.
“Our message to all SI companies is clear: delayed notification, inadequate corrective action, and a failure to take responsibility will not be tolerated,” the task force’s leaders said. Jay Clayton, Andrew Ferguson, Scott Kupor and Emil Michael lead Donald Trump’s Super Intelligence Force.
MapQuest has added a surveillance layer to its app that shows known outdoor cameras and licence plate readers, including those made by Flock Safety. Users can switch it on in Map Options, next to the traffic and incidents layers. The update follows a surge in MapQuest downloads in September.
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