Tighter VC Capital Forces AI Startups To Face The Music • TechCrunch

Deal value growth in AI Tools startups was down 27.8% quarter over quarter in Q2 2022, with overall investments reaching $20.2 billion across 1,340 offers. Year thus far, VCs have funneled $48.2 billion into AI startups across over 3,000 deals - which sounds wholesome but truly represents a 20.9% yr-over-12 months dip.

Democrats in Congress on Thursday renewed a push to carry tech firms accountable for bias in their algorithms. Senators Ron Wyden (D-OR) and Cory Booker (D-NJ), together with House representative Yvette Clarke (D-NY) introduced an up to date version of a bill that may require audits of AI programs utilized in areas equivalent to finance, healthcare, housing, education and more. First introduced by Wyden in 2019, the Algorithmic Accountability Act has by no means passed the committee stage in both the House or Senate.

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In January, Jaguar Land Rover reported report gross sales domestically, but admitted that ninety % of its Land Rovers would take a hit at dwelling due to an impending UK diesel tax. It is simple to see why Rivian is eager to leap into the market, then. Unfortunately for Scaringe and team, though, Land Rover's EV off-roader is expected to hit the market a year earlier than Rivian's first model.