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Writer raises $21M

San Francisco, Calif.-based Writer, a company that provides an AI-based writing assistant for business use cases like marketing and documentation, has raised a $21 million Series A funding round.

The financing was led by Insight Partners. Gradient Ventures, the Todd & Rahul Angel Fund, Scott Belsky, Oliver Jay, Jack Altman, Allison Pickens, Packy McCormick, Lenny Rachitsky, Austin Rief, Ankur Nagpal, Alex MacCaw, Camille Ricketts, Vivek Sodera, Julia Lipton, and James Beshara also participated in the investments.

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Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.

Leidos awarded $143M Defense Intelligence Agency technology platform contract

Leidos has obtained a task order contract from the Defense Intelligence Agency's (DIA) Science & Technology Directorate. This contract tasks Leidos with the creation and implementation of a comprehensive system for managing open-source intelligence