Mistral is rumored to be raising €3B at €20 valuation
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
Jedify raises $24M to help companies arm AI agents with context on their business
The funding round was led by Norwest, with participation S Capital VC, Cerca Partners, and Oceans Ventures. Snowflake Ventures also participated as a strategic investor.
Ramp raises $750M at $44B valuation as investors hunger for fintechs with an AI story
Ramp has nearly tripled its valuation over the past year as investors scramble to grab a part of the fast-growing startup.
GitLab cuts 14% of staff as it scales its platform to serve AI workloads
The company is reducing its workforce as it exits 22 countries, reduces management layers, and invests in its infrastructure to scale its platform.
New Microsoft tool lets devs spin up AI behavior tests using text descriptions
Microsoft on Tuesday took the wraps off Adaptive Spec-driven Scoring for Evaluation and Regression Testing, an open source framework for spinning up AI evaluations.
Microsoft offers devs a better way to control AI agent behavior
The specification lets developer, compliance, and security teams define their own policies for agents to follow in portable policy files.
Just like gold and oil, we’ll soon be able to trade AI token futures
Large exchanges are designing derivative products around AI tokens, which are increasingly being considered less a computational output and more a raw material input, like electricity or bandwidth.
Intuit to lay off over 3,000 employees to refocus on AI
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company’s corporate structure, and deliver better AI products.
Anthropic warns investors against secondary platforms offering access to its shares
The company named Open Doors Partners, Unicorns Exchange, Pachamama Capital, Lionheart Ventures, Hiive, Forge Global, Sydecar and Upmarket as companies that are not authorized to provide access to buy or sell its shares.
SpaceX may spend up to $119B on ‘Terafab’ chip factory in Texas
The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.