Yandex CEO and co-founder Arkady Volozh resigns after being included in the latest European Union's sanctions list; the company itself has not been sanctioned — Russian internet giant Yandex (YNDX.O) said on Friday that Arkady Volozh had stepped down as CEO and left the board of directors …
PitchBook: the AI frenzy has led to the fastest investment pace since 2021, with $30B+ invested into startups so far this quarter and $50B more in the works (George Hammond/Financial Times)
George Hammond / Financial Times:
PitchBook: the AI frenzy has led to the fastest invesSources: US Commerce Dept. plans changes to Biden's $42.5B broadband grant program, to let states award more funds to satellite-internet providers like Starlink (Patience Haggin/Wall Street Journal)
Patience Haggin / Wall Street Journal:
Sources: US Commerce Dept. plans changes to BideDeepSeek founder Liang Wenfeng has become a superstar in China with tourism around his origin story, as DeepSeek proves an unexpected boon for President Xi (Richard Spencer/The Times)
Richard Spencer / The Times:
DeepSeek founder Liang Wenfeng has become a superstar in CSources: Alphabet is in advanced talks to acquire cybersecurity startup Wiz for ~$30B; Alphabet was close to a $23B deal for Wiz last summer before talks ended (Lauren Thomas/Wall Street Journal)
Lauren Thomas / Wall Street Journal:
Sources: Alphabet is in advanced talks to acquire Internal email: Amazon has formed a new group focused on agentic AI, led by AWS executive Swami Sivasubramanian, who will report directly to AWS CEO Matt Garman (Greg Bensinger/Reuters)
Greg Bensinger / Reuters:
Internal email: Amazon has formed a new group focused on agenThe US' plan to cut federal contracts imperils Booz Allen Hamilton, which gets most of its revenue from providing IT and AI services across the government (Chip Cutter/Wall Street Journal)
Chip Cutter / Wall Street Journal:
The US' plan to cut federal contracts imperils Booz
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