The Chainsmokers’ Mantis Ventures closes $100M third fund
The fund brings Mantis’ assets under management to $225 million.
In Brief
Former Intel CEO launches a benchmark to measure AI alignment
Former Intel CEO Pat Gelsinger created a new benchmark to test for AI model’s alignment with aspects of human flourishing.
Authorities arrest four hackers linked to UK retail hacking spree
The U.K. National Crime Agency said the suspects are in custody in relation to the hacks targeting Marks & Spencer, Harrods, and the Co-op.
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.
US chipmakers could see bigger tax credits if Trump’s spending bill passes
The current version of the Trump administration’s “big, beautiful bill” would raise the tax credit for U.S. chipmakers to 35%.
Microsoft will lay off 9,000 employees, or less than 4% of the company
Microsoft is leveraging another round of layoffs despite posting consistent growth.
