Cyera eyes $12B valuation at 80x ARR multiple despite operating losses
The cybersecurity company is nearing a $300 million round led by Evolution Equity Partners.
Government Technology AI·
An executive order signed by President Donald Trump on Tuesday highlights security considerations and directs specific federal agencies to take actions intended to strengthen cybersecurity.
Read full articleThe cybersecurity company is nearing a $300 million round led by Evolution Equity Partners.
Trump's executive order looks to reinforce governmentwide AI cybersecurity efforts and sets up a voluntary process for government review of advanced AI models.
"The capabilities evolve very rapidly, so you can see new models get released fairly frequently with new potential capabilities," said Valerie Wirtschafter.
President Donald Trump signed an executive order Tuesday creating a "voluntary framework" for AI companies to share their frontier models with the federal government before they're released "to promote secure innovation and strengthen the cybersecurity of critical infrastructure." The order says the US AI industry has succeeded in part "because we refuse to stifle this innovation with overly burdensome regulation," but that it also recognizes new AI capabilities come with security risks. Accordingly, it directs several federal agencies to come up with a framework to "assess the advanced cyber capabilities of AI models" before they're releas … Read the full story at The Verge.
Trump's executive order creates a voluntary framework for reviewing advanced AI models, expands AI-powered cybersecurity efforts, and more.
President’s executive order will allow the US government to gain early access to cutting-edge models
The order, which signaled a shift from the hands-off approach the White House had previously taken toward A.I., followed debates over how to gain control of A.I. models without disrupting innovation.
After industry objections, President Trump signed a revised AI executive order requiring only voluntary prerelease government reviews of advanced models.