Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (Bloomberg)

Bloomberg:
Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February  —  ElevenLabs has held early talks with investors to let employees sell shares in a secondary offering that would value …

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UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed (Cate Lawrence/Tech.eu)

Cate Lawrence / Tech.eu:
UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed  —  The UK company, which develops secure data intelligence systems for defence and critical infrastructure, will use the funding …

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Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient (Echo Wang/Reuters)

Echo Wang / Reuters:
Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient  —  SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI …

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Alex Karp calls US reliance on AI labs for military tech "effing insane", pans AI fees for businesses, and touts Palantir's Nvidia Nemotron deal for US agencies (Ty Roush/Forbes)

Ty Roush / Forbes:
Alex Karp calls US reliance on AI labs for military tech “effing insane”, pans AI fees for businesses, and touts Palantir's Nvidia Nemotron deal for US agencies  —  Topline  —  Palantir CEO Alex Karp on Wednesday called the AI industry “effing insane” in a heated interview on CNBC …

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Sources: Microsoft has been working on a disc-to-digital feature for Xbox One and Xbox Series X that will let users digitize their physical game collections (Tom Warren/The Verge)

Tom Warren / The Verge:
Sources: Microsoft has been working on a disc-to-digital feature for Xbox One and Xbox Series X that will let users digitize their physical game collections  —  Microsoft's disc-to-digital feature could be essential for next-gen Xbox consoles. … Microsoft will likely soon follow Sony …

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Source: OpenAI engineers earlier this month told some colleagues they had figured out a way to more than halve the cost of inference (Stephanie Palazzolo/The Information)

Stephanie Palazzolo / The Information:
Source: OpenAI engineers earlier this month told some colleagues they had figured out a way to more than halve the cost of inference  —  We closely track efforts by Anthropic, Google and OpenAI to get access to more server chips to run their models.  But we don't talk enough about the work …

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Source: Taiwanese authorities raided Super Micro's Taiwan office as part of a probe into the alleged smuggling of Nvidia chips to China; SMCI closed down 8.1% (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Source: Taiwanese authorities raided Super Micro's Taiwan office as part of a probe into the alleged smuggling of Nvidia chips to China; SMCI closed down 8.1%  —  Super Micro Computer Inc.'s offices in Taiwan were raided by government authorities on Monday, widening an investigation …

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