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Ex-Salesforce, Microsoft Execs Raise $8M for AI Cybersecurity Startup
Seattle’s bustling tech scene sees yet another promising startup, Averlon, stepping into the spotlight with a novel approach to cybersecurity. The company has recently secured $8 million in a seed funding round aimed at enhancing…
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Big tech firms are investing in AI startups, potentially avoiding antitrust scrutiny
In a bustling week of financial activity within the artificial intelligence sector, several AI startups announced significant capital infusions, reflecting a continued frenzy of investment that not only underscores the financial stakes involved but also…
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Zen Educate secures $37M and acquires Aquinas Education to combat teacher shortage
Zen Educate, a digital marketplace that connects schools with teachers, has raised $37 million in a Series B funding round. This investment comes as schools on both sides of the Atlantic face a worsening teacher…
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CEO commends genuine open source for enterprise generative AI, new initiatives unveiled at Think 2024
IBM is bolstering its generative AI initiatives with a new suite of technologies and partnerships, unveiled at the Think 2024 conference. Building on a legacy in AI that predates the current generative AI boom by…
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Maad secures $3.2M in seed funding despite turbulence in Africa’s B2B e-commerce sector
Maad, a B2B e-commerce startup based in Senegal, has successfully secured $3.2 million in debt-equity funding to bolster its growth within the country and explore fresh opportunities in the wider Francophone region. The startup aims…
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Amazon plans to invest $1.3 billion in France, generating 3,000 new jobs.
In a major economic boost for France, Amazon announced on Monday its plans to invest over €1.2 billion ($1.3 billion) into its operations across the country. This substantial financial commitment is set to create more…
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DocuSign Purchases Lexion for $165 Million, Enhancing Its IAM Platform with Advanced AI Capabilities
In a strategic move to bolster its presence in the burgeoning field of Intelligent Agreement Management (IAM), Docusign, a leader in electronic agreement technology, has announced its acquisition of Lexion, an AI-driven agreement management software…
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Emerging from stealth, the new AI search engine Upend is powered by 100 large language models.
As the giants of technology like Google and Microsoft continue to enhance their search engines with generative AI, smaller companies are not just watching from the sidelines. They are aggressively entering the space with innovative…
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PayJoy built a $300M business by allowing underserved individuals to use their smartphones as collateral for loans.
In a bustling supermarket in Johannesburg, South Africa, Lerato Motloung, a mother of two, found herself without a lifeline when her phone was stolen. For nine long months, she navigated her daily life without the…
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RecurrentGemma from Google introduces cutting-edge language AI to edge devices.
In a move set to reshape the landscape of artificial intelligence (AI) on resource-constrained devices, Google unveiled its latest innovation, RecurrentGemma, yesterday. This open language model promises to unlock the potential of advanced AI text…
