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Global Venture Funding Jumps 122% In August As Streak Of Billion-Dollar Deals Continues

Venture investors poured $42 billion into just over 1,500 startups worldwide in August, Crunchbase data shows, down 25% from July’s $56 billion but still up a significant 122% compared to last August, which is typically a slower month for startup investment. Seven companies raised billion-dollar fundings in August, tied with a few months for the

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Palantir CEO Alex Karp says French restrictions on US software are ‘backfiring’

Palantir CEO Alex Karp said on Wednesday French restrictions limiting government use of US-made software were proving counterproductive. His comments followed France’s decision to replace Palantir with domestic provider ChapsVision at intelligence agency DGSI over data sovereignty concerns. Karp said Europe’s regulatory environment was hurting competitiveness.

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