IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.
The EC is taking issue with the fact that X, the social network formerly known as Twitter, has been allowing anyone to buy a "blue checkmark," the platform's long-standing symbol that a user has been verified to be who they are claiming to be.
The European Commission is launching an antitrust investigation into Meta's move to ban other AI companies from using WhatsApp's business tools to offer their own AI chatbots to users.
The round was co-led by Salesforce Ventures and Anjney Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures.
The country's communications minister Fahmi Fadzil said the administration is considering systems for implementing age restrictions on social media sites.
The deal was led by Coatue, Greenoaks, Dragoneer, and Fidelity. Investors including Nvidia's NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated.