Microsoft emerges as the primary beneficiary amidst the OpenAI controversy
OpenAI finds itself in a state of upheaval, marked by the sudden removal of former CEO Sam Altman in a surprising board decision. The exact reasons behind Altman’s dismissal remain…
Google DeepMind pioneers cutting-edge video analysis with ‘Mirasol3B.’
Google DeepMind has quietly unveiled a significant advancement in their artificial intelligence (AI) research. On Tuesday, they introduced a novel autoregressive model with the aim of enhancing the comprehension of…
Nvidia unveils the H200, a formidable GPU powerhouse designed to accelerate ChatGPT through AI processing.
Nvidia unveiled the HGX H200 Tensor Core GPU on Monday, featuring the Hopper architecture designed to accelerate AI applications. This release builds upon the success of the H100 GPU, Nvidia’s…
AI Impact: Airbnb Purchases AI Startup for Nearly $200 Million
Airbnb, now a publicly traded company, has completed its first acquisition, valued at nearly $200 million, according to sources familiar with the transaction as reported by CNBC. The acquired startup…
OfferFit secures $25 million in funding to revolutionize marketing through machine learning personalization, making A/B testing obsolete.
The homepage of OfferFit, a Boston-based startup led by CEO George Khachatryan, a PhD mathematician and former co-founder of education software startup Reasoning Mind, boldly declares, “A/B testing is dead.”…
DeepInfra, formerly in stealth mode, secures $8 million in funding to enhance the affordability of running AI inferences.
Alright, imagine you’re a business leader or IT decision-maker eager to delve into the realm of generative AI. After hearing about the potential benefits, you’re ready to introduce a large…
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…
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…
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…
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…
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…
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…