Equity YC takes a bite out of PearAI, and French startups have a new home
Oct 4, 2024
This week, the hosts dissect Governor Newsom's veto of a controversial AI bill aimed at preventing disasters. Toyota's massive investment in electric air taxis raises eyebrows among the team. Salient Motion faces unique challenges as a defense tech startup. A dramatic funding round for Poolside highlights the growing niche of AI startups. They dive into the ethics of coding in AI, bringing forth intriguing debates. Finally, the emergence of new startup hubs like La Maison sparks optimism for the French tech scene.
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Newsom Vetoes AI Bill
- Governor Newsom vetoed SB 1047, a controversial AI bill aiming to prevent AI-caused disasters.
- This bill mandated disclosure and kill switches for AI systems, causing a propaganda campaign.
Toyota Invests in Joby Aviation
- Toyota invested $500 million in Joby Aviation, an electric air taxi startup.
- This investment brings Toyota's total investment in Joby to $894 million.
Salient Motion Raises $12 Million
- Salient Motion, a defense tech startup, raised $12 million despite facing a lawsuit from Anduril.
- Anduril accused Salient Motion of stealing IP, but Andreessen Horowitz invested in both companies.