Source: Anthropic has no intention of easing Claude usage restrictions for military purposes, following Dario Amodei's meeting with Pete Hegseth
David Jeans /Reuters:
Austin-based Saronic, which is developing autonomous military boats, raised a $175M Series B led by a16z at a $1B+ valuation, taking its total funding to ~$245M
David Jeans / Forbes :
How AI defense tech developer Rebellion Defense is struggling to survive after failing to win a US DOD contract, losing its founders, and shuttering its UK arm
Forbes : X: @drleostrauss , @mideastxmidwest , and @davidjeans2 X: @drleostrauss : Cautionary SV-DoD tale. $1 billion 🇺🇸 SV defense sector AI start up. Chased DoD contracts without an actual core pro...
Source: Binance CEO Changpeng Zhao may step down from Binance as part of a $4B settlement between Binance, the DOJ, and the CFTC; the SEC is not participating
David Jeans / Forbes :
Binance plans to cease most trading pairs involving Helium Network Tokens, or HNT, over the next week and “strongly” advises users to close out their positions
Forbes : Tweets: @sarahnemerson , @davidjeans2 , and @can Tweets: Sarah Emerson / @sarahnemerson : NEW: Binance suddenly announced it will partially delist Helium's token, saying it periodically revi...
Adam Neumann's real estate startup Flow plans to launch a digital wallet for crypto and fiat currencies and may offer a tokenized rewards program
David Jeans / Forbes :
In an email, Better.com's board says CEO Vishal Garg is “taking time off effective immediately” and it hired a firm to “do a leadership and cultural assessment”
Market summary: 📊 — India ended flat on Friday, finishing the week overall in the green. Jody Serrano / Gizmodo : Better.com CEO Who Fired 900 Employees on Zoom and Behaved Like Trash Is ‘Taking Tim...
How Big Tech companies use shell corporations to get massive tax breaks from US cities for data centers that create few jobs and consume a lot of power
Local governments are dangling hundreds of millions of dollars in tax breaks to persuade companies like Facebook, Google and Microsoft to build server farms in their backyards. Tweets: @forbes , @hele...
Source: NS8, a startup designed to protect online transactions, lays off ~240 staff amid SEC fraud investigation; CEO abruptly departed last week
David Jeans / Forbes :
Sources say ScaleFactor, which raised ~$100M to automate bookkeeping before blaming COVID-19 for its closure, used dozens of human accountants instead of AI
Kurt Rathmann told his big-name investors he had developed groundbreaking AI to do the books for small businesses. In reality, humans did most of the work. Tweets: @davidjeans2 , @dannygroner , @davi...