AI drug discovery startup Chai Discovery raised a $130M Series B led by Oak HC/FT and General Catalyst at a $1.3B valuation, taking its total funding to $225M (Caroline Hyde/Bloomberg)

Caroline Hyde / Bloomberg:
AI drug discovery startup Chai Discovery raised a $130M Series B led by Oak HC/FT and General Catalyst at a $1.3B valuation, taking its total funding to $225M  —  Chai Discovery, an artificial intelligence d…

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Against the Federal Moratorium on State-Level Regulation of AI

Cast your mind back to May of this year: Congress was in the throes of debate over the massive budget bill. Amidst the many seismic provisions, Senator Ted Cruz dropped a ticking time bomb of tech policy: a ten-year moratorium on the ability of states to regulate artificial intelligence. To many, this was catastrophic. The few massive AI companies seem to be swallowing our economy whole: their energy demands are overriding household needs, their data demands are overriding creators’ copyright, and their products are triggering mass unemployment as well as new types of clinical …

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