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“Collaborative Efforts: Open Source Foundations Unify to Establish Shared Standards for the EU’s Cybersecurity Resilience Act”

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Seven open source foundations are coming together to create common specifications and standards for Europe’s Cyber Resilience Act (CRA), regulation adopted by the European Parliament last month. And this is what the seven open source foundations are coming together for now. By coming together as one, this should go some way toward treating open source software development as a single “thing” bound by the same standards and processes. Throw into the mix other proposed regulation, including the Securing Open Source Software Act in the U.S., and it’s clear that the various foundations and “open source stewards” will come under greater scrutiny for their role in the software supply chain. “The open source community and the broader software industry now share a common challenge: legislation has introduced an urgent need for cybersecurity process standards.

“OpenAI Startup Fund Reimagined: Sam Altman Relinquishes Command in Unconventional Corporate Venture Restructuring”

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OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Cathaway, OpenAI confirmed to TechCrunch. The Open AI Startup Fund, launched in 2021, was initially set up with Altman as its named controller. Cathaway joined OpenAI in 2021 and played a key role managing the Startup Fund, leading investments in Ambience Healthcare, Cursor, Harvey, and Speak. Last year, the fund had $175 million in commitments, and now holds $325 million in gross net asset value, according to an SEC filing. The Startup Fund has backed at least 16 other startups, according to PitchBook data.

“Databricks’ $10M Investment in DBRX Failed to Surpass GPT-4’s Dominance in AI Generation”

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You could spend it training a generative AI model. See Databricks’ DBRX, a new generative AI model announced today akin to OpenAI’s GPT series and Google’s Gemini. Customers can privately host DBRX using Databricks’ Model Serving offering, Rao suggested, or they can work with Databricks to deploy DBRX on the hardware of their choosing. It’s an easy way for customers to get started with the Databricks Mosaic AI generative AI tools. And plenty of generative AI models come closer to the commonly understood definition of open source than DBRX.

Generative AI Now Accessible to All Developers with Fireworks.ai Open Source API

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Just about everyone is trying to get a piece of the generative AI action these days. While lacking the brand name recognition of some of these other players, it boasts the largest open source model API with over 12,000 users, per the company. That kind of open source traction tends to attract investor attention, and the company has raised $25 million so far. “It can be either off the shelf, open source models or the models we tune or the models our customer can tune by themselves. Being an API, developers can plug it into their application, bring their model of choice trained on their data, and add generative AI capabilities like asking questions very quickly.

Open Source Startups Thrive on Rising Demand for AI and Data Infrastructure

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A new report highlights the demand for startups building open source tools and technologies for the snowballing AI revolution, with the adjacent data infrastructure vertical also heating up. A broader look at the “top 50 trending” open source startups last year reveals that more than half (26) are related to AI and data infrastructure. This ethos often translates into commercial open source startups which might not have a traditional center of gravity anchored by a brick-and-mortar HQ. For comparative purposes, there are other indexes and lists out there that give a steer on the “whats hot” in the open source landscape. So the ROSS Index has emerged as a useful complementary tool for figuring out which open source “startups” specifically are worth keeping tabs on.

Past Investments in US Malware Maker Undermine Investors’ Pledged Battle Against Spyware

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Investors’ pledge to fight spyware undercut by past investments in US malware maker Cyber investors announced commitments to fighting spyware, but at least one firm previously invested in an exploit maker. Now, some investors have announced that they too are committed to fighting spyware. More recently, the government has imposed economic sanctions not only on companies, but also directly on the executive who founded Intellexa. To hear some of these investors talk, you’d think that spyware has no place in a free and open society. Gula Tech and Paladin’s investment in Boldend — effectively a U.S.-based exploit and hacking software maker — and the two investment firms’ commitment to not invest in spyware companies might seem at odds.

“Empowering Individuals from Unstable Economies: Nsave Secures $4 Million for Offshore Account Access”

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Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries at war or those with unstable banking sectors or facing high inflation, has raised $4 million seed funding. Amer Baroudi and Abdallah AbuHashem co-founded nsave in 2021 from lived experiences. “And then based on the risk scores, you might be prompted into different streams of questions or enhanced due-diligence mechanisms. Also, in war-torn countries like Sudan, people with savings in local banks have a hard time accessing their money. “Now nsave is live, there’s finally a trusted option to protect their users against the rampant inflation of distressed economies, providing safe, stable offshore accounts to people who need them the most.”

“Transforming the Digital Landscape: An Upcoming web3 Network Strives to Break Free from Big Tech’s Data Domination”

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A new web3 network is being built right now that wants to end Big Tech’s control of your dataMany of the people building Web3 feel like the traditional web ecosystem has taken advantage of users and their data. It’s the initial team supporting The Graph, a decentralized network that indexes, queries and organizes data. It has been called the “Google of web3” and aims to organize open blockchain data and make open data a public good. “Web3 is still being built, we’re still working on building this decentralized internet that is censorship resistant. “The one thing that’s really important about AI is that it’s all about data,” Kline said.

Redis Acquires New Speedb License and Expands its Realm of Operation: A Shift from Basic In-Memory Database

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In addition, Redis today announced that it has acquired storage engine Speedb (pronounced ‘speedy-bee’) to take it beyond the in-memory space. Redis license changesIn some way, the licensing move is no surprise. We’ve seen other open source companies like MongoDB, Elastic and Confluent make similar moves. He is also quite aware that these new license mean Redis won’t be considered open source, at least according to the definition of the Open Source Institute. Because of the BSD license, Redis wasn’t able to put its latest innovations into Redis Core, meaning it was missing features like search and query, for example.

Mermaid Chart secures a staggering $7.5 million investment with its Markdown-inspired diagramming tool.

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Mermaid, the open source diagramming and charting tool, has long been popular with developers for its ability to create diagrams using a Markdown-like language. They were watching ‘The Little Mermaid.’ That’s why I named that eight years ago.”Early on, Mermaid was mostly about flowcharts, but over time Sveidqvist added other diagram types — and the community quickly made it its own, too. Firestone told me that the cloud version of the open source project had 4 million users last year. That’s a market Mermaid Chart is looking to address by building easier-to-use tools for this group of users. “Mermaid Chart is expanding the community by bringing the benefits of Mermaid to all types of business users, leveraging AI as a catalyst.