Meta's OpenAI Talent Grab, Microsoft Lays Off 9,000, and Lovable's $2B Valuation - Daily AI Brief #223

Hi there,

Welcome to today's AI Brief. ASML, Airbus, and Mistral AI have requested the European Union to delay the implementation of the AI Act. Meanwhile, Lovable is nearing a $2 billion valuation following new funding rounds. In a strategic move, Meta has recruited talent from OpenAI with lucrative offers.

In other developments, Microsoft plans to lay off 9,000 employees as it invests $80 billion in AI initiatives. Leapter has secured €2 million for its AI-driven enterprise software, and Chris Manning has joined AIX Ventures as a General Partner. Additionally, FCA is advancing AI regulation in financial services.

ASML, Airbus, and Mistral AI Request EU to Delay AI Act

Lovable Nears $2 Billion Valuation with New Funding

Meta Recruits OpenAI Talent with Lucrative Offers

Microsoft to Lay Off 9,000 Employees Amid $80 Billion AI Investment

Leapter has secured €2 million in pre-seed funding to advance AI-driven enterprise software, while Christopher Manning joins AIX Ventures as a General Partner to focus on AI investments. The FCA is advancing AI regulation in financial services, and OpenAI has expanded its Stargate deal with Oracle for data center power. Anthropic reports $4 billion in annual revenue, and KT Corp. plans to open source its AI model Mi:dm. ElevenLabs is planning a global expansion and IPO, and Ooredoo launches AI cloud services in Qatar with NVIDIA.