Artificial intelligence startup Reflection AI has raised $2 billion in a funding round that values the year-old company developing open-source AI models at $8 billion, according to PitchBook.
Reflection AI's previous funding round, closed seven months ago, valued the company at $545m back then. The current round was led by Nvidia, with contributions from Lightspeed Venture Partners and Sequoia Capital, as well as new investors like DST Global, former Google CEO Eric Schmidt and investment firm 1...

Bertelsmann's music division BMG has entered into a direct, multiyear publishing licensing deal with streaming service Spotify covering the United States. The agreement is designed "to deliver greater value to songwriters and their teams."
The two companies said the agreement reflects BMG and Spotify’s "shared interest in building a direct relationship that ensures songwriters share more directly in the value created by their work." They described the deal as "a practical step toward a more flex...

David Kaefer, who served as VP, Music & Audiobook Business, at Spotify, announced in a LinkedIn post that he was leaving the streaming service after over seven years.
Kaefer joined Spotify from Microsoft in 2018 as VP, Global Leader-Business Affairs VP, in charge of content licensing spanning music, podcasts and audiobooks. Charlie Hellman, currently VP, Global Head of Music Vertical since 2021, will take over from Kaefer as SVP and Global Head of Music.
"After seven years, I’m moving on f...