| Hi, Agen. Two themes have been consistent this year in the tech world: Big money for AI, and job cuts. Investors keep throwing money at AI startups, and tech companies keep shedding jobs (often, even as they keep hiring in other areas of the business). Let’s take a look. The AI craze will not settle down. Four of the top six funding rounds to U.S. startups last week were directly related to AI and the use of the new technology. Biotech, 3D printing and construction tech startups also raised large sums. At least 1,100 U.S. tech workers lost their jobs last week. They included employees at Big Tech companies — Google parent Alphabet again axed part of its workforce — and startups, including collaboration platform Airtable. By our count, another 16 U.S. tech companies also shed workers last week. Nvidia — which joined the $1 trillion market cap club this spring — has become one of the leading investors in all things AI, Crunchbase data shows. In just the past few weeks, it’s participated in at least four funding deals of $100 million-plus, all AI related. The IPO window seems to have reopened, illustrated by Arm’s successful public market debut last week. Should the window stay open, we can likely expect to see many more unicorns — including some of the most highly valued private companies — resuscitate IPO plans they first laid a couple years ago. Startups at the intersection of scent and technology have been pulling in funding for the past few years. Using AI to sniff out cancer, restore olfactory sense or warn us of any danger in the very air we breathe, there should be an interesting future for these companies. We take a look at the startups that have, so far, passed the investor smell test. Related Crunchbase Pro list: Scent-Related Funded Startups | 
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