1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This latest round … Read more
Donald Trump signalled that smartphones and other consumer electronics imported to the US from China would face tariffs, dealing a blow to hopes of a reprieve for Big Tech companies such as Apple, Nvidia and Microsoft. “NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries … Read more
A former AI founder is set to face criminal charges after it was found that his supposed artificial intelligence platform was powered by human operators.Albert Saniger, the former chief executive of e-commerce startup “nate” is facing securities fraud and wire fraud charges after it was alleged he sold his investors on an AI-powered online shopping … Read more
President Donald Trump’s tariff policies have only just gone into effect, and we’re already seeing price hikes across consumer tech. President Trump has imposed a huge tariff rate of 145 percent on China (where many tech products are manufactured), as well as smaller global tariffs on most other countries on the planet. That means importing … Read more
By Byron V. Acohido SAN FRANCISCO — If large language AI models are shaping our digital reality, then who—exactly—is shaping those models? And how the heck are they doing it? Related: What exactly is GenAI? Those are the questions Dr. Hidenori Tanaka wants to answer in an effort to put GenAI on solid scientific footing. … Read more