-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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,…
-
Klarna, the European buy now, pay later company valued at $6.7 billion, initiates the process towards a forthcoming IPO.
Klarna, the buy now, pay later company, has established a holding company in the United Kingdom, positioning itself at the apex of its corporate structure. This strategic move signifies the groundwork for a potential future…
-
Coperniq secures $4 million in seed funding to introduce SaaS solutions to the solar installation industry
How can you determine when a market has reached maturity? Typically, you can assess this by examining traditional indicators such as revenue, market capitalization, customer base, profit margins, and similar metrics. However, there’s one relatively…
-
METIS Consulting Board Chair: “The Turkish glass industry is in focus for global investors”
The Turkish glass industry is gaining in momentum internationally, with exports exceeding US$ 12 billion to 175 countries over the past decade. Chairperson of METIS Consulting, Başak Taşdelen Efe, evaluates the potential of Turkish manufacturers…
