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Dec 19, 2024 05:06 PM
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World(coin) must let Europeans comprehensively delete their data, under privacy order
**Main points:**
- Worldcoin, a crypto identity venture, has been issued a corrective order by the Bavarian data protection authority.
- The order requires Worldcoin to delete user data on request, obtain explicit consent for certain processing steps, and delete data records collected without a sufficient legal basis.
- Worldcoin has been given one month to implement a deletion procedure that complies with the GDPR.
**Supporting details:**
- The order is a result of an investigation that opened in April 2023, focusing on Worldcoin's biometric-based individual verification procedure.
- Worldcoin plans to appeal the decision, arguing that its technical architecture is "privacy-preserving" and anonymizes user data.
- The company claims that allowing users to delete data would compromise its goal of increasing trust in digital interactions.
Tesla is courting Texas cities to test its promised robotaxi service
**Main points:**
- Tesla is evaluating Texas cities, including Austin, for its robotaxi service.
- The company has been in touch with Austin officials since May and held a training event in December.
**Supporting details:**
- Tesla has not decided on a deployment location yet, considering multiple options.
- No public street testing is currently being done, despite unveiling a "Cybercab" prototype.
In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say
Main points:
- Anysphere, developer of AI-powered coding assistant Cursor, raised $100 million Series B at a $2.6 billion valuation.
- The round was led by Thrive Capital, with participation from A16Z.
- This funding comes four months after a $60 million Series A at a $400 million valuation.
Supporting details:
- Anysphere's revenue grew from $4 million ARR in April to $48 million in October, with a freemium model and tiered pricing.
- The company's valuation is over 50 times its revenue, with investors drawn to its rapid growth.
Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs
**Main points:**
Backflip, a startup founded by 3D printing veterans, has raised $30 million to develop AI-powered 3D design generation.
The company's foundational models, trained on 10 million 3D parts, can produce designs from text prompts, sketches, or images.
**Supporting details:**
Backflip aims to democratize the design process, making it accessible to anyone.
The company has implemented safety checks to filter out potentially harmful designs.
This investment is part of a trend of VC enthusiasm for AI-powered process improvement.
Perplexity has reportedly closed a $500M funding round
Main points:
- Perplexity, an AI-powered search engine, closed a $500 million funding round, valuing it at $9 billion.
- The round was led by Institutional Venture Partners and closed in December.
Supporting details:
- This funding comes amid increasing competition in AI-powered search from OpenAI and Google.
- Perplexity is expanding through its first acquisition, Carbon, a startup connecting AI systems to external data sources.
Boon raises $20.5M to build agentic AI tools for fleets
**Main points:**
- Boon, a logistics startup, has raised $20.5 million to improve logistics operations with AI.
- The platform helps companies make better use of data from disparate applications, enhancing efficiency and planning.
- Boon aims to simplify workflows, initially focusing on revenue and operations, and plans to expand its coverage with the new funding.
**Supporting details:**
- The logistics industry has over 60 million fleet vehicles globally, with most companies using 15-20 different apps, leading to inefficiency.
- Boon's AI tooling can speed up efficiency tenfold, and the company has already gained paying customers, reaching a $1 million annual revenue run rate.
- Author:AIGPT
- URL:https://aigptgod.com/article/16128842-4922-8159-b9bc-fd8a2b97d8c9
- Copyright:All articles in this blog, except for special statements, adopt BY-NC-SA agreement. Please indicate the source!