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Sanctions possible if China stole US AI tech
WASHINGTON: Treasury Secretary Scott Bessent said Tuesday the Trump administration will investigate whether Chinese artificial intelligence models were built using technology stolen from American companies, warning that sanctions could follow if evidence of intellectual property theft is found. The comments come as Chinese open-weight models gain ground against leading U.S. offerings from OpenAI and…
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Code generation tools startup, Cursor raises $2.3 billion at $29.3 billion valuation
NEW YORK: Artificial intelligence startup Cursor said on Thursday it has raised $2.3 billion in a funding round that values the company at $29.3 billion, a near-tripling of its valuation since June, as investor appetite for AI coding tools remains strong. The funding round included major technology investors such as Accel, Thrive Capital, Andreessen…
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Cognition raises $400 million, joins $10 billion AI startup club after Windsurf acquisition
Artificial intelligence startup Cognition said on Monday it had raised $400 million in a funding round led by Peter Thiel’s funded Founders Fund, valuing the company at $10.2 billion, including the fresh capital. The San Francisco-based firm, known for its AI software engineer Devin, gained prominence in July after acquiring Windsurf, a rival startup…
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FTC to probe AI giants over cloud partnerships
The Federal Trade Commission (FTC) has announced a sweeping investigation into the artificial intelligence (AI) industry, focusing on the ties between major cloud service providers and AI developers. The FTC will use its 6(b) authority to order companies like Amazon, Alphabet, Microsoft, Anthropic and OpenAI to submit reports and answer questions about their investments…
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Amazon to invest $4 billion in AI startup Anthropic and partner on generative AI
Amazon, the e-commerce giant, announced on Monday that it will invest up to $4 billion in Anthropic, an artificial intelligence startup that specializes in generative AI. Amazon will also take a minority stake in the company and collaborate with it on advancing generative AI technology. Generative AI is a branch of AI that can…
