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The circular money problem at the heart of AI’s biggest deals
SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles. […]
Uare.ai raised $10.3 million in seed funding led by Mayfield and Boldstart Ventures.
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