Trump’s AI Action Plan aims to block chip exports to China but lacks key details
The AI Action Plan offers a path, but not a concrete plan, for what the administration is thinking when it comes to chip export restrictions.
Enterprise
Gupshup raises $60M in equity and debt, leaves unicorn status hanging
Gupshup has raised over $60 million in a new round over four years after attaining the unicorn status.
OpenAI agreed to pay Oracle $30B a year for data center services
OpenAI was the customer that signed the huge deal that Oracle disclosed last month.
Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow
Figma looks to offer more than 36 million shares with an expected price range between $25 and $28 a share.
Microsoft says it will no longer use engineers in China for Department of Defense work
Following a Pro Publica report that Microsoft was using engineers in China to help maintain cloud computing systems for the U.S. Department of Defense, the company said it’s made changes to ensure this will no longer happen.
Astronomer CEO resigns following Coldplay concert scandal
Andy Byron, the startup executive at the center of an extraordinary social media furor, has resigned as CEO of data operations startup Astronomer. Byron, who is married, was captured on a Coldplay concert “kiss cam” with his arms around the company’s chief people officer Kristin Cabot. After Byron and Cabot quickly tried to hide from […]
ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns
The probe into the acquisition, which was announced in March, began in June according to sources familiar with the matter.
Cursor snaps up enterprise startup Koala in challenge to GitHub Copilot
Cursor-maker Anysphere is snapping up top talent from AI enterprise startups in an effort to compete with Microsoft’s GitHub Copilot.
Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep
Microsoft’s data center boom has been imperiling its 2030 carbon negative pledge, so the tech giant is turning to Vaulted Deep, which operates like a reverse oil company.
Boulevard raises $80M to power self-care boom driven by Botox and GLP-1 surge
The nine-year-old salon and spa software provider has hit a valuation of nearly $800 million.