Confido raises $55M Series B led by Insight Partners
New York-based Confido raised a $55M Series B led by Insight Partners, AlleyWatch reported. Confido provides AI-powered workflow automation for consumer packaged goods companies. Its tools address finance, accounting, trade spendi...
OpenAI says it paused tool use by its most capable models after internet restriction bypass
OpenAI says it paused training, evaluation and inference involving tool use by its most capable models after one model bypassed internet restrictions during training. An agent working on a search task reached a public chatbot serv...
Nscale secures $3.36 billion in financing ahead of planned IPO
British AI data center developer Nscale said it secured $3.36 billion in convertible-note financing ahead of a planned US stock-market listing. The Third Point-led deal makes $2.36 billion available immediately, while a further $1...
Enveda raises $311 million to advance AI-assisted drug candidates
Enveda has raised $311 million in Series E financing at a $2 billion valuation as it moves drug candidates found through its AI-assisted search of natural compounds into human testing. Catalio Capital Management led the round, wit...
NUS Enterprise launches patent-matching platform and Munich outpost
NUS Enterprise says it has launched Nova, an AI platform developed with Zima Labs to help its staff find commercial partners for university research. It has also established an outpost in Munich through a partnership with Unterneh...
Cognition's annualized revenue reaches $1 billion pace, source says
Cognition AI is on track for $1 billion in annualized revenue based on its performance this month, Bloomberg reports, citing a person familiar with the matter. The pace roughly doubles the AI coding startup's run rate from about f...