Protect AI's $60M Win, Salesforce's PredictSpring Acquisition, and Intel's Massive Layoffs

Welcome to the Trail Treport Daily for Friday, August 2, 2024. Here's what's making headlines today:

- Seattle cybersecurity startup Protect AI secures $60 million in Series B funding, boosting its valuation to $400 million.

- Salesforce is set to acquire cloud-based point-of-sale vendor PredictSpring to enhance Customer 360 capabilities in retail.

- Apple's new AI features for iPhones and iPads will be delayed until the iOS 18.1 update, bringing advancements like natural Siri interactions and ChatGPT integration.

- Intel announces significant layoffs and pauses dividend payments as part of cost-saving measures following a disappointing second quarter.

- Andreessen Horowitz releases a transformative report predicting AI will radically overhaul the sales tech landscape, challenging major incumbents.