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Startups Weekly: Cutting through Google I/O noise

  • Jony Ive and his firm LoveFrom will lead creative and design work at OpenAI after the company acquired io in an all-equity deal valuing the startup at $6.5 billion.
  • Klarna's AI-driven efficiency push has increased its revenue per employee to $1 million, with an AI avatar of its CEO presenting quarterly earnings.
  • Brex partners with Zip, Luminar secures up to $200 million, and The Breakaway and Einride make strategic moves in the startup space.
  • Noteworthy VC and funding news includes LM Arena raising $100 million, Gravitee securing $60 million in Series C funding, Siro locking in $50 million in Series B funding, and other startups raising substantial amounts to fuel growth.
  • Accel general partner Sonali ​​De Rycker expressed optimism about Europe's AI prospects but cautioned against regulatory overreach at a TechCrunch event in London.

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