3 in Finance

10/24: Effectiv (San Francisco, CA), an AI-powered fraud prevention platform, was acquired by Socure for $136M. (Link)

10/17: Turboscale (Dover, DE), developer of custom AI models via a GPU-powered cloud platform, was acquired by ShiftPixy (NAS: PIXY) for $150M. (Link)

10/2: Poolside (France), developer of an AI platform designed to write software codes, raised $500M of Series B venture funding. Bain Capital Ventures led the deal, with eBay and Nvidia also participating, putting the company’s pre-money valuation at $2.5B. (Link)

3 for Fun

Biden Administration issues first-ever National-Security Memorandum on AI. (Link)

Elon Musk’s xAI in talks to raise funding valuing the company at $40B. (Link)

OpenAI working with Broadcom and TSMC to build first in-house chip. (Link)