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LlamaIndex raises $8.5M

San Francisco, Calif.-based LlamaIndex, a company providig a data framework for Large Language Models (LLMs), has raised $8.5 million in seed funding.

The investment was led by Greylock. Angel investors participating in the round include Jack Altman, Lenny Rachitsky, Mathilde Collin, Raquel Urtasun, and Joey Gonzalez.

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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.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu.