Silicon Valley chip startup SiMa.ai raised $70 million in a funding round led by Maverick Capital to develop chips designed to speed up AI applications within everyday consumer devices from cameras to cars.Point72 and Jericho joined the venture firm in the financing along with existing backers Amplify Partners, Dell Technologies Capital and Fidelity Management. The San Jose firm, which has now raised $270 million in total, designs processors that aim to help devices understand what they see or...
Artificial intelligence startup Symbolica, which develops foundation models to compete with ChatGPT creator OpenAI, announced a $31 million series A funding round led by Khosla Ventures on Tuesday. General Catalyst, Abstract Ventures and Buckley Ventures also participated in the round, the company said. Symbolica has created a framework that will enable it to develop alternatives to the transformer deep learning architecture, said Symbolica CEO George Morgan, who formerly worked at Tesla on...
The rise of artificial intelligence (AI) holds the promise to fully digitize all manner of verticals, all manner of workflows and in the age of eCommerce, advanced technology in the service of efficiency can help transform logistics. Ben Gruettner, vice president of revenue at Robust.AI, told PYMNTS that robots and AI, in tandem […]
While Donald Trump has struggled to get some major traditional Republican donors on board, he retains the support of some heavy hitters
Lawhive, a legal tech startup that has built a large language model-powered “AI lawyer”, has raised £9.5m. Founded in 2021, Lawhive has built a platform for lawyers, described by the company as “Shopify for Law”, to complete time-consuming tasks for clients. The London-headquartered company said its AI tools automate repetitive admin tasks such as client […]
The record-breaking sum that the Trump campaign reported raising far surpassed the amount brought in by a
Former President Trump's campaign team says it raised more than $50 million at a Saturday evening’s GOP fundraiser in Palm Beach, Florida, smashing records for a Republican or Democratic candidate. "It took three Democrat presidents to raise $25 million and one president to raise over $50 million, Donald J. Trump," campaign spokesperson Danielle Alvarez boasted. Heavy-hitters Saturday’s fundraiser took place at a private home in Palm Beach, hosted by billionaire and hedge fund founder John...
Datavolo has raised $21 million to continue helping customers build scalable and secure multimodal data pipelines for artificial intelligence (AI). The company will use the new capital to harness Apache NiFi, which was created at the National Security Agency (NSA) to handle secure pipelines of multimodal data, into a cloud-native managed service to develop such […]
Melania Trump made a rare appearance on Donald Trump's campaign trail on April 6, joining her husband for a Palm Beach, Florida, fundraiser that brought in a whopping $50.5 million, Trump's campaign told
Enterprises looking for integration of AI-based automation systems in various business operations are preferring home-grown robotic solutions over global competitors, according to industry players. Those engaged in logistics, warehousing and retail chain management have been scrambling for artificial intelligence-based automated solutions at a time when the competition is intense for quick and cost-effective delivery of products and services, irrespective of order quantity and distance. ...
Apple's $25-50 million deal with Shutterstock for AI training images highlights the fierce competition among tech giants for data supremacy and raises privacy concerns in the rapidly evolving AI market.
Legal tech firm Luminance has raised $40 million in a venture round backed by U.S. venture fund March Capital, the company told CNBC exclusively.