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Welcome to Top Tech News! Here are today’s key updates: Singapore released a global AI safety blueprint, developed with experts from the US, China, and more. OpenAI negotiates with Microsoft for a future IPO, while Microsoft seeks reduced equity for continued tech access beyond 2030. CMU introduced Lego GPT, an AI designing stable Lego structures from text prompts. London’s Stack 1 raised $20M, and Thoma Bravo invested $100M+ in HubSp. Lloyds of London launched AI chatbot error insurance. Vanguard cut Ola’s valuation by over 80% to $1.25B. Signal raised $22M, and TSO Life secured $43M. Japan’s NT offered $16.4B to take NT Data private. The FTC enforces easier subscription cancellations, and a study found conciseness in LLMs can worsen accuracy. Thanks for watching!
📜 Full Transcript
Hello and welcome to Top Tech News today. Here is your daily dose of latest tech news from around the world. Before we start, please consider subscribing to our channel and press bell icon to get updates about our latest videos and daily tech news. Please also consider sharing this video. Now, these are the top tech news today. Singapore unveils a blueprint for global collaboration on AI safety developed in consensus with researchers and experts from the US, China, and other countries. Open AAI is negotiating with Microsoft to enable a future IPO. Microsoft offers to cut its equity stake for continued access to open AI tech beyond 2030. CMU researchers unveil Lego GPT, an AI model that designs physically stable Lego structures from text prompts and currently supports eight standard brick types. Londonbased Stack 1, which develops tech to integrate SAS products and AI agents with enterprise systems more efficiently, raised a $20 million series A led by GV. Toma Bravo invests $100 million plus in HubSp, a Tennessee based tax and accounting automation and client experience platform for accounting firms and tax professionals. Lloyds of London insurers have launched a product to cover companies for losses if sued over AI chatbot errors with policies developed by YCbacked Armill. Vanguard marks down Ola’s valuation to $1.25 25 billion, a drop of 80% plus from a 2021 peak of $7.3 billion. As the ride hailing company loses market share in India, a Amsterdam based app signal, which develops an app monitoring tool that it says is used by 2,000 plus organizations, raised a $22 million series A led by elsewhere partners. The Trump administration fired US copyright office head Shira Pearlmutter. Her office had raised concerns about XAI using copyrighted content to train AI. The Trump administration plans to end Energy Star, a voluntary program started in 1992 to promote energy savings, initially aimed at PCs, monitors, and printers. TSO Life, whose software is in use in $1,300 senior living facilities in 47 US states, raised a $43 million series B led by PeakSpan, bringing its total funding to $52 million as CLA, which said in 2024 that AI was doing the work of 700 customer service agents, starts hiring remote workers after the AI approach led to lower quality. The FTC pushes the enforcement of its click to cancel rule, requiring businesses to make cancelling subscriptions as easy as signing up from May 14th to July 14th. Tel Avivbased AI 21 Labs, which is building its own LLMs and launched an AI orchestration system in March, is raising a $300 million series D. The UK stopped asking Uber to pay VAT on the full cost of rides, instead collecting VAT only on its commission after a setback in a similar dispute with Bolt. A study finds that asking LLM to be concise in their answers, particularly on ambiguous topics, can negatively affect factuality and worsen hallucinations. US real estate analytics provider Co-Star agrees to acquire Domain, an Australian property listings website that competes with News Corps REA for about $1.92 billion. SoundCloud quietly changed its policies to allow the company to use audio uploaded by users on its platform to inform, train, develop, or serve as input to AI. Japan’s NT, which owns 57.7% of IT services provider and data center operator NT Data, launches a $16.4 billion take private tender offer to buy the remaining stake. That was all for today. Thanks for watching and we shall be back