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Babblabs raises $4 million

Speech processing startup Babblabs has raised a seed investment of $4 million. The investment was led by Cognite Ventures, with additional funding from Jerry Yang, founding partner of AME Cloud Ventures, and independent investors John Hennessy, Harvey Jones, James Hogan and Kurt Keutzer.

Chris Rowen, Cognite CEO, will be CEO of Babblabs.

[Image courtesy: Babblabs]

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Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.