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US launches AI DARPA contest, Chinese tech giants purchase $20B+ of Nvidia GPUs

The Biden Admin is launching a DARPA competition in collaboration with Anthropic, Google, Microsoft, and OpenAI, called the “AI Cyber Challenge” (or AIxCC), to build AI systems capable of proactively identifying and fixing code vulnerabilities - Link

FT sources: China-based big tech companies Baidu, ByteDance, Tencent, and Alibaba have each ordered ~$5B worth of Nvidia A800s to be delivered over the next two years - Link

Symphony Technology Group, a PE firm, will acquire editing software company Avid for ~$1.4B - Link

WSJ sources: Amazon is cutting dozens of private-label in-house brands in furniture and apparel to fend off regulators and grow profits - Link

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Proprio CEO Gabriel Jones joins Jason to discuss the struggles surgeons face in the operating room today (23:05), the solutions Proprio’s Paradigm system provides (27:14), the future of surgery (37:03), and much more! - Link

Deepset, a Berlin-based AI startup that helps companies add NLP to apps, raised a $30M round led by Balderton - Link

Disney will institute a second round of price hikes for Disney+, along with Hulu without ads and ESPN+; Disney+ Premium will jump 27% to $14/month - Link

Rapid7, a Boston-based cybersecurity company, cut 470 employees (18% of its staff) - Link

Moove, a Lagos-based startup offering car financing to app drivers in the UK, UAE, India, and Africa, raised $76M in equity and debt at a $550M valuation - Link

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