This episode of Equity digs into the news that Techstars CEO Maëlle Gavet is leaving the company, two funding deals, and how tech giants made commitments to the safe development of their AI models, including a potential “kill switch.

Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.

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Meta announced a new advisory group that’s supposed to help guide the company’s decision making around AI and other new tech. The group consists of four business executives, including Stripe co-founder and CEO Patrick Collison and Shopify CEO Tobi Lütke. Every single member of the council is a white man — which suggests a relatively narrow, blinkered view of who gets to have a say in the direction of AI at one of the biggest and most important tech companies in the world.

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Just a month after launching its much-hyped Ai Pin, a report in Bloomberg says Humane is looking to get acquired. The company is looking to sell for a reported $750 million to $1 billion, which sounds like a lot of money for a startup that just released its first product. The news reflects the weird moment that AI is in right now, where startups, VCs, and giant tech companies alike are all making big bets on it.

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