IBM, having made an investment in Hugging Face, introduces a $500 million enterprise AI venture fund.
IBM, having participated in a $235 million series D funding round for the open-source AI platform Hugging Face in August, announced today its intention to significantly bolster its investments in…
ChatGPT by OpenAI boasts a staggering 100 million weekly active users.
OpenAI CEO Sam Altman made an exciting announcement during the company’s inaugural developer conference in San Francisco on Monday. He disclosed that ChatGPT currently boasts an impressive 100 million weekly…
Kloudfuse, a data observability platform, emerges from stealth mode with $23 million in funding.
Recovering from catastrophic system failures can be a daunting challenge when you lack crucial information. Surprisingly, many companies acknowledge that they are, in a way, operating in the dark when…
Report predicts Southeast Asia’s digital economy will reach $218 billion in 2023, spanning e-commerce and online media
A recent report from Google, Temasek, and Bain & Company reveals that Southeast Asia’s digital economies are poised to reach a total transaction value of $218 billion this year, marking…
Taiwanese chip company invests $5.3 billion in Japanese factory to boost semiconductor production
Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and the Japanese financial conglomerate SBI Holdings have designated a location in northern Japan for the establishment of an 800 billion yen ($5.3 billion)…
In 2021, Google spent $26 billion to secure default search engine status on browsers and phones.
In 2021, Google allocated $26.3 billion to secure its position as the default search engine on mobile devices and web browsers, as revealed during a recent federal antitrust trial against…
The AI proxy battle intensifies as Google allegedly supports Anthropic with a $2 billion investment.
Google has reportedly poured a staggering $2 billion into Anthropic, aligning itself with OpenAI as a dominant force in the artificial intelligence realm. In a landscape where tech giants struggle…
Sony Ventures allocates $10 million for investments in Series B rounds of African entertainment startups.
Sony Group has unveiled the creation of the Sony Innovation Fund: Africa (SIF: AF), a program designed to bolster the growth of entertainment ventures in Africa. The Tokyo-based multinational conglomerate,…
In the third quarter, Amazon’s advertising revenue surpasses $12 billion.
Amazon’s online advertising business continues to thrive, despite increasing concerns among investors about the potential negative effects of the Israel-Hamas conflict on the global economy. In its latest financial report…
Stellantis, the company behind Jeep and Dodge, will invest $1.6 billion in the Chinese EV startup Leapmotor.
On Thursday, Stellantis announced a significant investment of 1.5 billion euros ($1.58 billion) in the Chinese electric vehicle startup, Leapmotor. This move comes as established automakers seek to gain a…
As Ozempic and Wegovy surge, a tech startup secures $20 million for data-driven weight loss
The weight loss industry has always been lucrative, but it has recently experienced substantial growth due to the increased demand for medications like Ozempic, Wegovy, and other innovative drugs designed…
Intel’s stock experiences a decline following reports of Nvidia’s development of an Arm-based PC chip.
On Monday, Intel saw a 3% decline in its stock value, as per Reuters’ report on Nvidia and AMD’s collaboration in developing Arm-based PC chips. Meanwhile, Arm’s stock witnessed a…
Alibaba and Tencent are part of the investor lineup backing China’s alternative to OpenAI, securing $341 million in funding
Chinese technology giants, such as Alibaba and Tencent, have thrown their support behind Zhipu, an artificial intelligence startup that China hopes will serve as a counterpart to the American company…
Layer secures $3M seed funding to create AI copilots 10 times faster than humans.
AI copilots have become a growing trend as the generative AI boom enters its first-year anniversary since the launch of OpenAI’s ChatGPT in November 2022. However, the question remains: How…
ScyllaDB secures $43M for advanced NoSQL database scalability
ScyllaDB has gained recognition in recent years as a high-performance database solution favored by some of the most demanding organizations worldwide. Prominent users of ScyllaDB include Discord, the social networking…
Deta secures $3.6M for cloud-based OS development.
Deta, a pioneering tech company based in Berlin, is on a mission to transform personal computing through the introduction of Deta Space, which its founder describes as the world’s inaugural…
UC Berkeley and SKS Partners reveal a $2 billion research and development space hub located at NASA Ames
The University of California at Berkeley, in collaboration with SKS Partners, has announced the inauguration of a cutting-edge $2 billion research and development center located within NASA’s Ames Research Center.…
Gutsy secures $51M in seed funding, among this year’s top cybersecurity investments.
“Stepping out of stealth mode today with a groundbreaking achievement in the realm of cybersecurity, Gutsy has secured an impressive seed funding round of $51 million, one of the largest…
This week’s data highlights: AI stack tips, generative AI uptake, and the future of composability (and more).
Every company aspires to transform into a platform-centric entity, although not all can successfully make this transition. In this edition, we delve into the pivotal consumer and enterprise platforms that…
Cisco acquires cybersecurity firm Splunk for a record $28 billion in cash.
Cisco has announced its acquisition of cybersecurity software company Splunk for $157 per share in a cash transaction valued at approximately $28 billion, marking its largest-ever acquisition. On the day…