3 in Finance

9/26: Featurespace (United Kingdom), developer of AI-based payment protection technology, has agreed to be acquired by Visa (NYS: V) for $925M. (Link)

9/10: Glean (Palo Alto, CA), an AI-powered search engine startup, raised $260M of Series E venture funding. The deal was led by Altimeter Capital Management and DST Global, putting the company’s pre-money valuation at $4.3B. (Link)

9/4: Safe SuperIntelligence (Palo Alto, CA), a new safety-focused AI startup formed by OpenAI co-founder Illya Sutskever, raised $1B of venture funding from Andreesen Horowitz, Sequoia Capital, and DST Global. The deal places the company’s pre-money valuation at $4B. (Link)

3 for Fun

OpenAI claims that new tool can “think like a human”. (Link)

Bank of America says that large companies adopting AI may boost margins 2% in the next five years. (Link)

AI coding assistants could put junior developers’ jobs at risk. (Link)