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Translation startup DeepL launches an AI 'agent' in challenge to players like OpenAI

German startup DeepL on Wednesday said it was expanding beyond artificial intelligence-powered translation into general AI agents focused on businesses. The term "agent" refers to an AI tool that can carry out tasks in the background in response to user prompts. DeepL Agent is designed to complete "repetitive, time-intensive tasks across a wide variety of functions" according to the company. It can responds to natural langauge commands from a users. DeepL Agent can be used in various teams fro

Tech Billionaires Back Erebor in the Wake of Silicon Valley Bank Collapse

Palmer Luckey, cofounder of the weapons manufacturer Anduril, along with firms connected to Palantir cofounders Joe Lonsdale and Peter Thiel, are investing in a new bank that is aiming to fill a gap left by Silicon Valley Bank’s collapse two years ago. The venture is expected to be backed by upwards of $250 million in funding from Luckey, Lonsdale’s venture firm 8VC, Thiel’s Founders Fund, crypto-focused VC Haun Ventures, and several angel investors whose identities are not yet publicly known.