France is investigating X over foreign interference, while a MP also criticizes Grok
France is investigating Elon Musk’s X and a member of parliament, Éric Bothorel, is criticizing Grok’s content.
Government & Policy
Helios wants to be the AI operating system for public policy professionals
Helios, a startup aiming to build an AI-powered operating system for policy professionals, has raised $4 million in seed funding.
US appeals court blocks FTC’s ‘click-to-cancel’ rule for subscriptions
A U.S. appeals court has blocked the Federal Trade Commission’s “click-to-cancel” rule that would have required companies to make it as easy to cancel a subscription as it was to sign up.
Knox lands $6.5M to compete with Palantir in the federal compliance market
While highly sought after, federal software contracts frequently come with a hidden cost: Achieving government SaaS security compliance, known as FedRAMP, can take years and require substantial resources. Achieving this certification typically takes up to three years and costs more than $3 million, covering everything from security operations engineer salaries to security audits, according to […]
California lawmaker behind SB 1047 reignites push for mandated AI safety reports
California State Senator Scott Wiener on Wednesday introduced new amendments to his latest bill, SB 53, that would require the world’s largest AI companies to publish safety and security protocols and issue reports when safety incidents occur.
Steve Davis left DOGE in May, but officials say he’s still running the show
Though he officially left the U.S. government in May, Steve Davis — Elon Musk’s low-flying former top lieutenant at the Department of Government Efficiency — continues wielding influence at DOGE, according to the WSJ. The outlet says Davis regularly gives directions to current DOGE officials and has privately dismissed his departure as “fake news.”
Neobank Revolut seeks $65B valuation, a year after its $45B deal
Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, […]
ByteDance reportedly plans to release US-specific version of CapCut
Launching a U.S.-specific app could be part of the company’s broader plan to comply with a 2024 law requiring ByteDance to divest from TikTok.
TikTok reportedly developing new version of app ahead of planned US sale
TikTok is developing a new version of its app for U.S. users ahead of an expected sale of the app to a group of investors, according to a new report from The Information.
Apple appeals EU’s €500M fine over App Store payment restraints
Apple has filed appealed the EU’s decision to fine the company €500 million (about $580 million) for not complying with competition rules.