Featured
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Mistral AI, a company in Paris competing with OpenAI, successfully concluded its funding round with a total of $415 million raised.
French startup Mistral AI has successfully concluded its highly anticipated Series A funding round, securing €385 million (approximately $415 million at today’s exchange rate). According to Bloomberg, this places the company’s valuation at roughly $2…
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Docker has acquired AtomicJar, a testing startup that secured $25 million in funding back in January.
AtomicJar appeared to be a thriving early-stage startup that made waves last January with an impressive $25 million Series A funding round, a substantial amount by today’s standards. The company’s primary focus was the development…
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Doubtnut, previously offered $150M by Byju’s, sold for $10M
Allen Career Institute has completed the acquisition of Doubtnut in a transaction estimated to value the emerging edtech company at $10 million, as per sources familiar with the matter. This development represents a remarkable shift…
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AssemblyAI secures a $50 million investment to develop and deploy AI speech models.
Companies are making significant investments in generative AI to gain a competitive advantage, although they face challenges in its adoption. According to a recent survey by EY, many businesses interested in embracing generative AI express…
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Together secures a $102.5 million investment to expand its cloud infrastructure for the training of generative AI.
Generative AI companies continue to secure substantial amounts of funding to support their commercial endeavors, and in some instances, to promote open-source initiatives as well. For instance, Together, a startup dedicated to developing open-source generative…
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Neuralink, the brain implant startup founded by Elon Musk, has discreetly secured an additional $43 million in funding.
Neuralink, the company co-founded by Elon Musk, which is focused on developing implantable chips capable of reading brain waves, recently secured an additional $43 million in venture capital, as reported in an SEC filing. This…
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Microsoft introduces its own enterprise AI chips: ‘Maia’ and ‘Cobalt’.
Microsoft is enhancing its computing infrastructure offerings with the introduction of two new in-house chips tailored for enterprises: Azure Maia 100 and Azure Cobalt 100. These chips were unveiled at the Microsoft Ignite 2023 conference…
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Microsoft fully commits to Gen AI: A comprehensive rundown of all the announcements made at Ignite.
Microsoft’s annual Ignite conference, hosted in Seattle this year, was brimming with exciting announcements and updates concerning the company’s vision and advancements in generative AI technology. These announcements encompassed a wide range of innovations, including…
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Alexa Incurs an Additional $46.7 Million Expense for Amazon
A court in Delaware has mandated that Amazon compensate VB Assets with $46.7 million for violating four patents in its creation of the Echo smart speakers and Alexa virtual assistant. The lawsuit, initiated by Nuance…
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Nvidia and Intel introduce cutting-edge HPC projects, enhancing AI functionalities at SC2023.
The race to build the world’s fastest supercomputers is intensifying, with Nvidia and Intel leading the charge. This competition was evident at the Supercomputing 2023 conference in Denver, where the top 500 supercomputers were unveiled,…
