Maria Deutscher – SiliconANGLE

OpenAI relaunches robotics unit four years after shutting it down

Maria Deutscher — Fri, 31 May 2024 20:44:39 +0000

OpenAI has formed a team to train artificial intelligence models for robots. The ChatGPT developer confirmed Forbes’ Thursday report in a statement. The news comes about four years after OpenAI disbanded a team that researched ways of using AI to teach robots new tasks. Forbes reported that several former members of the team still work […]

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Google details AI Overviews changes designed to tackle inaccurate content

Maria Deutscher — Fri, 31 May 2024 18:41:24 +0000

Google LLC has updated its recently launched AI Overviews feature to reduce the likelihood that it will display inaccurate information in search results. Liz Reid, the head of Google Search, detailed the changes in a Thursday blog post. The update follows a series of highly publicized user reports about nonsensical results in AI Overviews. Introduced […]

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Law enforcement task force shuts down six malware droppers

Maria Deutscher — Thu, 30 May 2024 22:29:29 +0000

An international law enforcement task force has disrupted the infrastructure behind six malware droppers, malicious programs that play a key role in hacking campaigns. Europol, which led the task force, announced the development today. The effort included hundreds of law enforcement officials from Denmark, France, Germany, the Netherlands, the U.K., and the U.S. Europol described […]

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Intel, Google and other tech giants team up to develop UALink AI chip interconnect

Maria Deutscher — Thu, 30 May 2024 20:43:33 +0000

Eight of the tech industry’s largest players are teaming up to launch the UALink Promoter Group, a new artificial intelligence hardware initiative detailed today. The project focuses on developing an industry-standard method of linking together AI chips such as graphics processing units. The goal, the initiative’s backers detailed, is to ease the task of assembling […]

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Redpanda acquires Benthos to enhance its data streaming platform

Maria Deutscher — Thu, 30 May 2024 18:52:39 +0000

Redpanda Data Inc. has acquired Benthos, the developer of an open-source platform that helps organizations move information between their applications. The companies announced the deal this morning. Financial terms were not disclosed. San Francisco-based Redpanda is backed by more than $160 million in funding from Alphabet Inc.’s GV fund and other investors. It provides a […]

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Mistral AI open-sources new Codestral large language model for developers

Maria Deutscher — Wed, 29 May 2024 22:37:06 +0000

Artificial intelligence startup Mistral AI today debuted Codestral, a large language model optimized for software development tasks. The launch comes amid reports that the company is in the process of raising a sizable new funding round. Earlier this month, sources told Wall Street Journal that Mistral is seeking $600 million from investors at a $6 […]

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Frore Systems nabs $90M for its solid-state chip cooling technology

Maria Deutscher — Wed, 29 May 2024 21:05:24 +0000

Startup Frore Systems Inc. has raised $90 million to commercialize its AirJet devices, which cool chips by moving air over them at speeds exceeding 100 miles per hour. The company announced the funding round, a Series C investment, today. It said that Fidelity Management & Research was the lead investor. The round also drew contributions […]

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Arm debuts new flagship mobile CPU and GPU designs

Maria Deutscher — Wed, 29 May 2024 18:59:54 +0000

Arm Holdings plc today debuted a new top-end core design, the Cortex-X925, that can be used to build central processing units for handsets and personal computers. The design is rolling out alongside a graphics processing unit blueprint called the Immortalis-G925. According to Arm, it speeds up rendering by reducing the need to perform a type […]

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Data privacy startup Zendata launches with $2M in funding

Maria Deutscher — Wed, 29 May 2024 13:00:31 +0000

Zendata Inc., a new startup that provides data privacy software for enterprises, launched this morning with $2 million in seed funding. The capital was provided by PayPal Ventures, First-hand Alliance, Geek Ventures and Altari Ventures. Zendata also disclosed that it has been accepted into an eight-week accelerator program run by Race Capital, an early Databricks Inc. […]

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Transcend reels in $40M for its data privacy management toolkit

Maria Deutscher — Tue, 28 May 2024 21:55:47 +0000

Transcend Inc., a startup that helps enterprises process their users’ data in a manner that complies with privacy regulations, has secured a $40 million funding round. The company said in its announcement of the raise today that StepStone Group was the lead investor. HighlandX, Accel, Index Ventures, 01 Advisors (01A), Script Capital and South Park […]

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Bridgepoint acquires majority stake in intranet startup LumApps at $650M valuation

Maria Deutscher — Tue, 28 May 2024 20:19:35 +0000

Private equity firm Bridgepoint is acquiring a majority stake in LumApps SAS, a French startup with an internet platform used by about 5 million workers. The companies said in their announcement of the deal on Monday that it’s worth $650 million. LumApps previously raised more than $100 million in funding from institutional investors. Four of […]

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OpenAI forms safety and security committee to oversee AI projects as it trains next model

Maria Deutscher — Tue, 28 May 2024 18:39:54 +0000

OpenAI today announced the formation of a committee that will be tasked with ensuring its machine learning research is carried out safely. The Safety and Security Committee, as the panel is called, comprises nine members. It will be led by OpenAI Chief Executive Officer Sam Altman and three other directors, including board Chair Bret Taylor. […]

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OpsMill launches open-source Infrahub platform to ease network data management

Maria Deutscher — Tue, 28 May 2024 10:00:24 +0000

Startup OpsMill today launched Infrahub, a new open-source platform designed to help enterprises manage their network configuration data. Paris-based OpsMill is led by Chief Executive Officer Damien Garros and Chief Operating Officer Raphael Maunier. Maunier previously co-founded infrastructure company France-IX, which operates facilities that internet providers use to transfer data traffic between their networks. OpsMill […]

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Apple will reportedly introduce AI-generated emojis, LLM-powered Siri with iOS 18

Maria Deutscher — Mon, 27 May 2024 22:19:31 +0000

Apple Inc. is reportedly preparing to embed new artificial intelligence models into several components of iOS including the built-in emoji library and Siri. Bloomberg reported the upcoming enhancements on Sunday, citing sources familiar with the matter. Apple is expected to unveil the features at its WWDC 2024 developer event next month. The upgrades are expected […]

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Report: China sets up $47.5B fund to boost its semiconductor sector

Maria Deutscher — Mon, 27 May 2024 20:32:06 +0000

China has reportedly set up a fund with 344 billion yuan, or $47.5 billion, in capital to boost its domestic semiconductor sector. Citing a regulatory filing, Reuters reported today that the fund was established last Friday. It’s the third and largest in a series of three state-backed investment vehicles created to support local semiconductor companies. […]

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Elon Musk’s xAI raises $6B at $24B valuation to build new AI services

Maria Deutscher — Mon, 27 May 2024 18:50:35 +0000

Artificial intelligence startup xAI Corp. has raised $6 billion in Series B funding round to support its product development and commercialization efforts. The company, which was founded last year by Elon Musk, detailed on Sunday that the round saw the participation of than a half-dozen investors. The participants included Valor Equity Partners, Vy Capital, Andreessen […]

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Financial software maker AuditBoard to be acquired by Hg Capital for $3B+

Maria Deutscher — Fri, 24 May 2024 22:24:50 +0000

AuditBoard Inc., the developer of a software platform that helps enterprises ensure their financial reports are accurate, will be acquired by Hg Capital for over $3 billion. The companies announced the deal on Thursday. Citing sources familiar with the matter, Axios reported today that AuditBoard had previously rejected multiple takeover bids and was preparing to […]

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Google to invest $350M in Indian e-commerce marketplace Flipkart

Maria Deutscher — Fri, 24 May 2024 18:44:31 +0000

Google LLC is buying a $350 million stake in Flipkart Pvt Ltd., India’s largest e-commerce company. Bloomberg reported that the search giant will provide the capital as part of a funding round worth nearly $1 billion. The investment is said to be led by Walmart Inc., Flipkart’s majority stakeholder. Last December, Walmart announced plans to […]

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Cohere open-sources Aya 23 series of multilingual LLMs

Maria Deutscher — Thu, 23 May 2024 22:12:02 +0000

Cohere Inc. today introduced Aya 23, a new family of open-source large language models that can understand 23 languages. Toronto-based Cohere is an OpenAI competitor backed by more than $400 million in funding from Nvidia Corp., Oracle Corp. and other investors. It provides a set of LLMs optimized for the enterprise market. The company also […]

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ZeroPoint raises $5.5M for its on-chip data compression technology

Maria Deutscher — Thu, 23 May 2024 20:50:53 +0000

ZeroPoint Technologies AB, a startup with hardware that enables processors to make more efficient use of DRAM, has secured $5.5 million in early-stage funding. The company said in its announcement of the Series A raise today that Munich-based Matterwave Ventures was the lead investor. Industrifonden, Climentum Capital and Chalmers Ventures participated as well. ZeroPoint is […]

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Google details plans for new subsea internet cable linking Africa and Australia

Maria Deutscher — Thu, 23 May 2024 18:45:00 +0000

Google LLC today announced plans to deploy a new subsea internet cable, called Umoja, that will provide connectivity between Africa and Australia. The cable marks the latest in a series of underwater networking projects announced by the search giant. In April, Google detailed a $1 billion initiative to enhance subsea internet infrastructure in the Pacific. A […]

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Amazon reportedly preparing paid Alexa version powered by its own Titan AI model

Maria Deutscher — Wed, 22 May 2024 22:26:21 +0000

Amazon.com Inc. engineers are reportedly working on a new, more capable version of Alexa that is expected to become available through a paid subscription. Sources familiar with the project told CNBC today that the service is set to roll out later this year. Apple Inc. is also expected to introduce a new version of Siri, […]

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Patronus AI reels in $17M for its AI reliability testing platform

Maria Deutscher — Wed, 22 May 2024 20:55:49 +0000

Patronus AI Inc., a startup helping companies detect and fix reliability issues in their large language models, today announced that it has closed a $17 million investment. Notable Capital led the Series A round. It was joined by publicly traded observability provider Datadog Inc., Lightspeed Venture Partners, Factorial Capital and several angel investors from the […]

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Report: AI wearable maker Humane seeking sale at up to $1B valuation

Maria Deutscher — Wed, 22 May 2024 18:52:37 +0000

Humane Inc., the well-funded developer of the Ai Pin artificial intelligence wearable, is reportedly seeking a buyer. Bloomberg reported late Wednesday that the company is hoping for a sale price of $750 million to $1 billion. The high end of the range is $150 million above the valuation Humane is believed to have received last […]

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EU greenlights AI Act as tech giants commit to responsible model development

Maria Deutscher — Tue, 21 May 2024 22:34:42 +0000

The European Union’s AI Act, a piece of legislation designed to mitigate the risks posed by artificial intelligence, today received the final greenlight it required to become law. The milestone came against the backdrop of a high-profile AI safety summit in Seoul. During the event, 16 tech firms committed not to develop AI models that […]

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H, a new Paris-based AI startup, raises $220M from prominent investors

Maria Deutscher — Tue, 21 May 2024 20:53:30 +0000

A new startup known simply as H has closed a mammoth $220 million seed round to build cutting-edge artificial intelligence models. The Paris-based company, which is incorporated as H.ai SAS, disclosed the raise today. The round included contributions from Accel and other investment firms, as well as several major tech industry players: H said Amazon.com […]

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AI training data provider Scale AI closes $1B round at $13.8B valuation

Maria Deutscher — Tue, 21 May 2024 18:56:32 +0000

Scale AI Inc., a startup that helps OpenAI and Nvidia Corp. train their artificial intelligence models, has received a $13.8 billion valuation in a late-stage $1 billion funding round announced today. Accel was the lead investor in the Series F round. Nvidia took part as well along with Intel Corp. and Advanced Micro Devices Inc., […]

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Google to invest €1B in Finland data center expansion

Maria Deutscher — Mon, 20 May 2024 22:34:02 +0000

Google LLC will invest €1 billion, or $1.1 billion, to expand a data center campus it built in southern Finland more than a decade ago. The Verge reported the plan today. A Google spokesperson told the publication that the data center expansion is designed to “further unlock the potential of AI,” which hints the company […]

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Microsoft debuts Copilot+ PCs with range of AI and cybersecurity boosts

Maria Deutscher — Mon, 20 May 2024 21:05:09 +0000

Microsoft Corp. today debuted Copilot+, a technical standard for personal computers optimized to run artificial intelligence models. Executives detailed the specification at an event held on the premises of the company’s Redmond, Washington headquarters. They used the opportunity to preview the first PCs built based on the Copilot+ standard. All the new devices will ship […]

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CyberArk acquires cybersecurity provider Venafi for $1.54B

Maria Deutscher — Mon, 20 May 2024 18:28:37 +0000

CyberArk Software Ltd. today announced that it has inked a deal to acquire Venafi Inc., a fellow provider of cybersecurity software, for $1.54 billion. CyberArk is purchasing the company from Thoma Bravo. The acquisition price is about $400 million higher than what the private equity firm paid to buy Venafi in 2020. Under the terms […]

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