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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 … from Techmeme https://ift.tt/B3yRi9A via IFTTT
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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 … from Techmeme https://ift.tt/PMQ3Ly9 via IFTTT
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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 … from Techmeme https://ift.tt/XZUJOo5 via IFTTT
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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 … from Techmeme https://ift.tt/nsG6RVd via IFTTT
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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 … from Techmeme https://ift.tt/jPT1Z2z via IFTTT
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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 … from Techmeme https://ift.tt/EtSTbum via IFTTT
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As a new law bars DOD from working with companies whose lobbyists also represent blacklisted entities, DC lobbying firms drop companies like Alibaba and Tencent (Bloomberg)

Bloomberg : As a new law bars DOD from working with companies whose lobbyists also represent blacklisted entities, DC lobbying firms drop companies like Alibaba and Tencent   —  Washington's most powerful lobbying firms are rushing to cut ties with Chinese tech giants including Alibaba Group Holding Ltd … from Techmeme https://ift.tt/7sJCax2 via IFTTT
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