xAI dismisses its Apple claims, with no terms disclosed and the OpenAI case still live
Artificial Intelligence
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INVESTORS AND FUNDING
HelmGuard raises $7.3m to replace compliance paperwork with AI agents
London startup HelmGuard has raised $7.3m in a seed round co-led by Infinity Ventures and Frontline. Its AI agents collect risk data directly from company systems instead of relying on questionnaires. The money will fund US expansion, hiring and a layer that checks how AI agents behave.
INVESTORS AND FUNDING
Intrepid Growth Partners closes a $525m AI fund with state money from four countries
More than 80 limited partners include Temasek, Abu Dhabi Investment Council, the British Business Bank and two Canadian Crown corporations. The UK and Canadian AI ministers both went on the record for the launch.
BUSINESS
Automattic says Mullenweg is CEO again, three days after removing him
Automattic's board put Matt Mullenweg on paid leave on Wednesday and made its CFO interim chief executive. By Saturday the company said Mullenweg is chairman and CEO with the board's full support. It has not explained either decision. He calls it his fifth coup attempt.
ARTIFICIAL INTELLIGENCE
Hundreds of contractors are reportedly reading real ChatGPT conversations
OpenAI would not say where it has told users that humans may read their chats, and Europe's highest court held last September that the duty to tell them sits with the company collecting the data
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