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Questions raised over AI’s impact as studies tout conflicting adoption outcomes
How much value does generative AI bring to the workplace? It depends who you ask. A report by the Danish National Bureau of Economic Research suggests very little impact at all – but a separate study by PwC noted AI adoption leads to a fourfold increase in productivity growth and 56% higher wages. The conflicting reports highlight how difficult it…
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This startup wants to transform the legal profession: Wordsmith AI just raised $25 million to drive agentic AI adoption for general counsels and fuel the rise of ‘legal engineers’
Wordsmith AI, a Scottish startup specializing in AI agents for legal professionals, has raised $25 million in a funding round led by Index Ventures. The investment, which builds on a $5 million seed funding round last year, brings the Edinburgh-based startup’s valuation to $100 million and will be used to scale out its AI infrastructure and drive global expansion. Founded…
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CVE funding cuts reversed after security concerns raised – Computerworld
“CVE is a cornerstone of cybersecurity, and any gaps in CVE support will put our critical infrastructure and national security at unacceptable risk,” Luta Security founder and CEO Katie Moussouris told The Register. “All industries worldwide depend on the CVE program to keep their heads above water when it comes to managing threats, so an abrupt halt like this would be…
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OpenAI just raised another $40 billion funding round
OpenAI is set to receive $10 billion up front (SoftBank will invest $7.5 billion along with $2.5 billion “from an investor syndicate,“ according to Bloomberg). The remaining $30 billion is slated to arrive by year’s end, CNBC reported — but only if it officially converts into a for-profit company by then. If not, it reportedly stands to lose a quarter…
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Quantexa, one of the UK’s leading AI stars, just raised $175 million
Quantexa, one of the rising stars of Britain’s burgeoning AI sector, plans to accelerate international growth after securing $175 million in a Series F funding round. The investment round, led by Teachers’ Venture Growth (TVG), values the firm at $2.6 billion and saw participation from existing investors such as Dawn Capital, Evolution Equity Partners, AlbionVC, and HSBC. Quantexa specializes in…
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QuEra Computing just raised $230 million to pioneer “fault-tolerant” quantum computing – and it even got Google’s seal of approval
Quantum startup QuEra Computing has raised $230 million in funding in one of the industry’s biggest investment rounds to date. The funding round saw QuEra secure pledges from a host of major backers, including Google through its Google Quantum AI business unit, SoftBank Vision Fund 2, Valor Equity Partners, and more. Based in Boston, Massachusetts, QuEra Computing specializes in the…
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“Thinly spread”: Questions raised over UK government’s latest cyber funding scheme
The UK government plans to spend £1.9 million on cyber resilience projects across the country, the Department for Science, Innovation and Technology (DSIT) has revealed. With planned investment in more than 30 projects, the money will help improve the UK’s cyber resilience for both businesses and consumers, and boost national cyber skills. Some projects set to receive funding include ‘CyberSecurityAId:…
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Elon Musk just raised the price of X Premium Plus — what you need to know
Elon Musk’s social media site X will be increasing the cost of one of its main subscription plans from today for any new users joining the service. X has seen a tumultuous few years since Musk bought it as Twitter back in 2022. One of the most talked-about introductions was the new subscription plans in an effort to make the…
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“Significant concerns” raised over impact of data center growth on regional energy grids
Researchers say they have “significant concerns” about the effect rapid growth in data center electricity demand is having on regional energy networks. Schneider Electric has published an investigation into the possible future of AI’s electricity consumption over the next decade, using system dynamics modeling to forecast scenarios for AI electricity demand in the future. ‘The breadth of AI’s projected electricity…
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OpenAI just raised $6.6bn in funding, but it drove a hard bargain – investors will be stopped from funding rivals
OpenAI has sealed its much-watched funding round, raising $6.6 billion from investors including Microsoft, Nvidia, and venture capitalists. The funding round values OpenAI at $157 billion, and includes $1.2 billion from Thrive Capital alone, as well as money from Khosla Ventures, SoftBank, and Fidelity, among others. Nvidia’s investment marked its first in OpenAI. Apple had been widely reported to be…
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