More Splunk for your buck: AI newsletter 25 September 2023

Updated as of: 25 September 2023
While industry voices continue to back the merits of open source large language model development, the money continues to flow to a few familiar names while the less familiar ones get snapped up. Cisco has just handed over the GDP of Honduras for AI-driven cybersecurity (and much else) provider Splunk, while familiar face Anthropic AI gets a $4 billion cash injection from Amazon. On the regulatory side, tinkering continues at the edges of the EU AI Act while the US gets another legislative proposal to add to its deck.