Nvidia invested $3.5 billion into MediaTek, a Taiwanese chipmaker. The investment signals Nvidia's strategy for remaining essential to AI infrastructure as major technology companies begin building their own AI chips in-house. Source
Blue Voice, founded by a Harvard Law dropout, raised $6 million to build an AI legal assistant tailored for police officers. The system is trained on department-specific laws, local ordinances, protocols, and guidelines that general-purpose AI tools cannot access on the public internet. Source
Clipto, a three-year-old startup that uses AI to search terabytes of video, raised $15 million and reached a $250 million valuation. The company had achieved $15 million in annual recurring revenue and profitability before the funding round. Source
OpenAI's ChatGPT will now face stricter regulation in the European Union after being classified as a Very Large Online Search Engine under the Digital Services Act. The company will be held accountable for mitigating risks related to ChatGPT's impact on minors, user mental health, and the spread of illegal content. Source
Instagram is restricting the reach of undisclosed AI profiles as frustration over artificial influencers grows on the platform. The social network is also renaming the "AI creator" label to "AI-generated profile" to clarify when a profile features an AI-generated person rather than a real human being. Source