Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to launch competing products, such as Intel's Gaudi 3 and Meta's inference chip - both unveiled last week. Rivos...
LinkedIn has published its annual ranking of top companies based on career growth. The 2024 list features 50 honorees—all companies that are offering their employees what LinkedIn says are eight pillars that lead to career growth progression: ability to advance skills growth company stability external opportunity company affinity gender diversity educational background employee presence in the country For this year’s list, LinkedIn has highlighted how a number of...
Bezos Earth Fund is donating $100 million and accepting proposals from experts across fields on how AI technology can be used to help combat climate change. about Bezos Earth Fund, here.
Perplexity, a generative AI startup developing a search engine to rival Google, has secured nearly $63 million in Series B funding. This investment has propelled the 55-person startup to double its valuation in three months, now exceeding $1 billion, with total fundraising reaching $165 million. The round was led by investor Daniel Gross with participation from Y Combinator chief executive officer Garry Tan, Figma Inc. CEO Dylan Field and billionaire Stanley Druckenmiller. Previous backers,...
Xpanceo has shared its complete presentation deck, consisting of 19 slides. Dive into its pitch deck to learn how the company raised $40 million. © 2024 TechCrunch. All rights reserved. For personal use only.
In this week’s Digiday+ Research Briefing, we examine BuzzFeed’s plans to pivot the business to an AI-driven tech and media company, how marketers’ use of X and ad spending has dropped dramatically, and how agency executives are fed up with Meta’s ad platform bugs and overcharges, as seen in recent data from Digiday+ Research.
This is how these bosses get rich: by hiding underpaid, unrecognised human work behind the trappings of technologyIn 2021, when Amazon launched its first “just walk out” grocery store in the UK in Ealing, west London, this newspaper reported on the cutting-edge technologies that Amazon said made it all possible: facial-recognition cameras, sensors on the shelves and, of course, “artificial intelligence”. The first customers queued outside, excited to experience the future. “I am an early...
MIKE Brewer’s wife has joked the Wheeler Dealer’s host is having a midlife crisis as he’s flogging his gorgeous cars. Michelle Brewer has revealed that her husband is selling some
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
Medulance, an emergency healthcare services startup, has raised $3 million in Series A funding, led by Alkemi Growth Capital.The funding round also saw participation from investors such as Dexter Capital, Boat founder Aman Gupta, and Emcure Pharmaceuticals’ executive director Namita Thapar. The New Delhi-based startup has raised fresh capital after running as a profitable bootstrapped company for six years, it said in the statement.The funds will be used to increase its presence across the...
Japan is seeing if artificial intelligence can tackle its increasing shortfall of workers.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter, reflecting a boom in AI development that’s boosting demand for the advanced chips it makes for the likes of Nvidia Corp.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainElon Wants His Money BackSingapore Loses ‘World’s Best