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Hebbia raises nearly $100 million in Series B round for AI-powered document search led by Andreessen Horowitz

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Hebbiaa startup that uses generative artificial intelligence to search large documents and return responses has raised nearly $100 million in Series B funding led by Andreessen Horowitz, in response to three individuals with knowledge of the matter.

The company was valued at between $700 million and $800 million in this round, although TechCrunch was unable to confirm whether that valuation was provided before or after the capital raise. (One possible scenario is $700 million pre-capital/$800 million post-capital). Hebbia disclosed in SEC filings in May that by that point $93 million of the expected $100 million had been raised, but we learned from two those who the round had reached almost $100 million and had been closed.

Hebbia and Andreessen Horowitz didn’t reply to a request for comment.

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Hebbia was founded in 2020 by George Sivulka, who launched the corporate while working on his PhD in electrical engineering at Stanford University. Sivulka was inspired by his friends working in the financial industry who told him that they spent a part of their long work weeks searching for information in SEC filings and other dense documents. Sivulka believed that AI could help them save hours in the office and provides them more time to rest and sleep.

Hebbia’s AI can review billions of documents directly, including PDFs, PowerPoints, spreadsheets and transcripts, and return specific answers, the corporate says.

The startup sells its products primarily to financial services firms, including hedge funds and investment banks. But its product may also be used by law firms and other skilled fields.

The latest funding brings Hebbia’s total capital raised to over $120 million. The company raised $30 million in a Series A round in September 2022 led by Index Ventures with participation from Radical Ventures.

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The company’s product is comparable to Glean, whose software can pull information in plain English from a wide range of business applications. In February, Glean raised $200 million in a Series D round at a $2.2 billion valuation, led by Kleiner Perkins and Lightspeed.

This article was originally published on : techcrunch.com

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Tiktok back on online in the USA; Users express suspicions

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TikTok ban, Trump

According to the law, Trump cannot unilaterally provide a 90-day extension, unless Byedance guarantees him that he’s selling the application to an American company.


On January 18, Tiktok was ahead of the federal ban on the application set, which can appear the next day, which is a movement that the press secretary of the White House Karine Jean-Pierre In her comments she was called “a feat”. Until January 19, the application was again available to American users. Based on the statements of Bytedance, a Chinese company that owns the application, expects Trump to be his savior and thanked him for his help.

According to, President Elek Donald Trump has committed himself On his social platform, he “issued an executive ordinance on Monday to extend the period before the ban on the law enters into force so that we could conclude a contract for the protection of our national security.”

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Trump also said that his ordinance “confirms that there would be no responsibility for any company that helped stop Tiktok from confusion before my order.”

Trump’s promise is directly contrary to federal law adopted by bilateral efforts and a conservative decision of the Supreme Court. The law states that the stores with applications and cloud processing suppliers can have to be sentenced to financial penalty in the event that they don’t apply.

As Rep. Jasmine Crockett in social media, the proposed order of Trump may potentially be his first test, how far the rule of law can bend until he breaks.

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Rep. Crockett also noticed in their answers to voters that she thinks that somebody would should sue to repeal an executive order, because the Department of Justice is not going to intervene.

In the statement informing about the return of the social application, Tiktok thanked Trump, while some users noticed that Trump is basically liable for this problem.

https://twitter.com/winterspolitics/status/181067459907920252?s=19

“We thank President Trump for ensuring the necessary clarity and certainty of our service providers that they will not have any penalties providing a thicket for over 170 million Americans and enabling the development of over 7 million small companies,” said Tiktok.

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Despite the ceremony of the creators of Tiktok, Tiktok users and the company itself, legal experts warn that the devil is in detail, in this case the details of the promised order of Trump.

Alan Rzensenshtein, a professor of law at the University of Minnesota, says: “There is no good path here from a law perspective.”

Former Biden administration official, Peter Harrell, said that the executive ordinance proposed by Trump doesn’t seem to face up to legal control.

“What Trump proposed on social media seems unlawful. We will have to see what he actually does to implement it, “Harrell said.

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Just before Trump’s post promising executive order regarding social truth, speaker Mike Johnson said He believed that President Elekt He actually wants to barter a contract in order that Tiktok becomes the property of an American company.

“When President Trump issued the truth [Social] Publish and said: “Save the Tiktok”, the way we read, is that he will try to force himself to sell, change hands, ownership, “said Johnson.

According to the law, Trump cannot unilaterally grant a 90-day extension, unless Byedance guarantees that it sells the application to an American company.

“The law is very precise, and the only way to extend is whether there is a actual contract in work,” noted Marshal Johnson. “I think that President Trump is probably intrigued by all this and likes to make offers, as you know. So we hope that it can happen, and that 270 million American people who like the platform can enjoy it, but enjoy it safely and has no data by the enemy of our nation. “

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This article was originally published on : www.blackenterprise.com
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One of the young Doge engineers Elona Muska explains how he won the challenge Vesuvius worth $ 700,000

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Elon Musk speaks at President-Elect Donald Trump

This week, the Silicon Valley appeared to Washington in the form of the fresh face of engineers, which allegedly lead the government. AND Wired bomb report He said that Elon Musk quietly selected not less than six engineers, the oldest of whom is supposedly 24 to assist him conduct the performance of the government department.

The secret of the group, in addition to the lack of experience of the identified six, drew anger from Washington’s establishment. “The American nation will not be in favor of an undeveloped secret group that will go crazy through the executive,” the leader of the minority of the senator Chuck Schumer He said on Tuesday.

But above all, six latest secrets were born. Because all engineers are supposedly under 25 years of age, their digital traces are limited, and in real musk fashion most avoid all media. Musk even said that naming these people in public He was a “crime” They doxxing. So the country was wondering who these young individuals are and what motivates them.

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At the end of 2023, I spent an hour talking to 1 of those newly crowned Powerbroker: Luke Farritor, then-21-year-old “Run-the-Mill Computer Science” at the University of Nebraska-Llincoln working on Vesuvius. This is the effort that the AI ​​Nat Friedman investor to make use of artificial intelligence to decoding ancient turns. Farritor, Thiel, was like many young men in Peter Thien-Verse: kind (he called me “Ma’am”), at risk of tangently about past civilizations and, above all, got involved in technology.

Our conversation mainly concerned the challenge of Vesuvius, so I didn’t ask what methods he would use to dismantle the federal government if he were called to it in the future. But Farritor emphasized that the project showed him the power of coding – how the technology enabled him to unravel the problem that has surprised experts for many years. “Even if you are just a lean child from Nebrask, you can work hard and influence,” he said.

“We are here to help”

When Farritor joined SpaceX at the starting of 2023, as an intern working on Starship Launch Pad software, he followed his father’s footsteps. His dad, Shane Farritor, is a professor of mechanical engineering at the University of Nebraska-Lincoln and co-founder of the virtual incision of the surgical company. Farritor shared his father’s passion to technology, working for hours to facilitate the start of the ship. “I just worked very hard for the whole seven months,” said Farritor about his internship, describing him as “a lot of fun.”

One day, Friedman heard on the road to work on Podcastie Dwarkesh Patel, describing the secret of Vesuvius turns: Papyrus documents buried in 79 by the eruption of Mt. Vesuvius. The turns looked like charcoal blocks, but Friedman and a handful of professors believed that because of 3D modeling and AI technology, someone could read them. He proposed a whole lot of 1000’s of dollars to anyone who was successful.

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Farritor studied Latin and was fascinated by ancient civilizations. “I always read about archeology growing up and this is, WOW, now I can be involved in a project with Richard Janko,” he remembered, referring to a scholar classics, who was the judge of Vesuvius’ challenge.

After hearing the podcast, Farritor returned home to his apartment in Texas and commenced working, creating software that would detect patterns on charred paper that correlate with letters. He went so far as creating his own test turns, buying papyrus from Amazon and burning him in the oven of the Robotics company of his father.

Friedman announced some winners of live money prizes before the premiere of a spacecraft, during which Farritor’s task was to ascertain all 60-year-old computers in mission control. “I have this very clear memory in which I keep this broadcast live with Nat talking in my left hand,” he said. “And then, with my right hand, I go from the computer to the computer, including every thing in the mission control.”

Farritor and his friends will ultimately take the most important prize of $ 700,000, which Farrogor told me that he would use his parents’ mortgage, “Buy a new iPhone”, and possibly introduced the rest in the “company start”.

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His plans were then removed from his current concert, during which Wired reports that he had government E -Mail and access to the physical office in the administration of general services.

But his time at Vesuvius’ challenge included runs with university establishment. He described the organizers of Vesuvius Challenge, who support the heads of university bureaucracy after they tried to access some advanced technologies. His view on why the team should gain access they wanted: they tried to assist.

“Yes, we are a group BROS from the Silicon Valley, but we are here to help and build such a good will,” he said about the project’s university transactions. “It’s a very delicate balance, right? People are very complicated creatures. ”

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This article was originally published on : techcrunch.com
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The new Trump cryptocurrency undertaking can be a conflict of interests

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Trump, Jacksonville, Black History Month, Corps of Engineers

This is a meme coin named $ Trump.


President Elek Donald Trump began one other cryptocurrency, a meme coin named $ Trump, just before the inauguration, which some are critical, taking note of the potential conflict of interests.

According to the second trip of Trump in cryptocurrency, After starting World Liberty Financial together with his sons, Donald Trump Jr. and Eric Trump in 2024

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According to their reporting, 80% of the new supplies Meme Meme is the property of the fight, fight, fight and Cic Digital, which is related to the Trump organization. Some say that this can create a potential conflict of interest. As within the case of his last administration, concerns about national security regarding President Elek and Elon Musk were raised.

In November 2024, Robert Weissman, co -chairman of a public citizen, guard group, issued a statement As for the potential conflicts of interest in cryptocurrencies and the potential of average investors to lose when the deregulation bubble inevitably pops up.

“… The greatest conflict of all, is not surprising, it concerns Donald Trump himself: the Trump family is associated with the cryptographic project, World Liberty Financial, which is completely built around the Trump brand, promises the family of huge payments if the project succeeds. The values ​​of cryptocurrencies increased after Trump’s winning, and cryptocurrency investors have all reasons for anticipating deregulation under Trump, “said Weissman.

Weissman got here to the conclusion: “But buyer beware: investors should not perceive deregulation as a good thing. There may be short -term inequality of cryptocurrency values ​​due to election vibration. But in the medium and long -term period, investors help investors. Deregulation certainly drives bubbles, which will eventually break and cause huge losses for small cryptographic investors. “

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According to Larisa Yarovaya, finance professor and director of the Center for Digital Finance on the Southhampton Business School, although the cryptographic bubble looks promising, making an allowance for the clear guarantees of Trump that he would be the president of cryptocurrency, The bubble may crack at any time.

“Strong political and government cryptographic support, paradoxically, pose a threat to his ethos decentralization and may ultimately undermine the appeal of cryptographic assets,” wrote Yarovaya in a statement at the start of January. “If in 2025 Sec tries his eyes, consumers could be completely defenseless from financial losses- especially when another bubble of coin breaks.”

However, the Meme Coin website has published the next waiver of responsibility, probably to cover its legal bases despite its status of the entity belonging to Trump.

“Trump’s memes are to function as an expression of support and commitment to the ideals and beliefs contained by the symbol” $ Trump “and related works of art, and are not to be or be an object. investment possibilities, investment agreement or security of any type. Gettrumpmemes.com is not political and has nothing to do with any political campaign or any political agency or government agency. “

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This article was originally published on : www.blackenterprise.com
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