Temasek and Fidelity invest $200M in Lenskart, valuing it at $5B.
Temasek and Fidelity have purchased shares worth $200 million in the Indian eyewear retailer Lenskart, according to a statement by the startup’s financial adviser, Avendus. This substantial investment further solidifies…
Microsoft Announces Layoffs Affecting HoloLens and Azure Teams
Microsoft has announced a new series of layoffs, impacting approximately 1,000 employees across several innovative teams, including those involved in the HoloLens 2 and Azure cloud projects. This decision follows…
NVIDIA’s Spectrum-X boosts AI network performance.
On May 31, NVIDIA unveiled a groundbreaking development in the field of artificial intelligence (AI) and machine learning networking: the NVIDIA Spectrum-X Ethernet networking platform. This platform is the world’s…
Snowflake Denies Vulnerabilities After Ticketmaster and Santander Data Exposed
Ticketmaster has been severely impacted by a cyber-attack, which has led to potential exposure of personal data belonging to 560 million customers. This alarming security breach was initially detected on…
Intel challenges AMD with new data center processors
TAIPEI/SAN FRANCISCO – In a strategic move to regain market share in the data center sector, Intel introduced its latest generation of Xeon server processors on Tuesday. Alongside this, the…
OpenAI Rolls Out ChatGPT Edu Tailored for University Campuses
OpenAI has launched ChatGPT Edu, a specialized version of ChatGPT tailored for the academic sector, aiming to facilitate the broader deployment of AI technology in universities. Announced on Thursday, May…
AMD unveils new AI chips to challenge market leader Nvidia
TAIPEI – Advanced Micro Devices (AMD) unveiled its latest artificial intelligence processors on Monday and detailed its ambitious plan to develop AI chips over the next two years, marking a…
Samsung sues Oura to stop a lawsuit over the Galaxy Ring.
In a strategic move to preempt potential intellectual property disputes, Samsung has filed a lawsuit against Finnish startup Oura. This legal action comes as the launch of Samsung’s highly anticipated…
Informatica unveils revolutionary generative AI technology to revolutionize data management
Informatica announced significant advancements in its cloud data management platform at the Informatica World conference held in Las Vegas last week. These innovations are set to democratize generative AI (GenAI)…
SpaceX Prepares for Fourth Starship Flight, Targets Heat Shield Durability
SpaceX is gearing up for the fourth flight of its colossal Starship rocket on June 5, aiming to pioneer a reusable heat shield for orbital return—a milestone not yet achieved…
Ambani’s Reliance Takes First Step in Fintech War, Unveils JioFinance App
Indian conglomerate Reliance Group is making a significant move into financial services with the launch of JioFinance, an app designed to be a comprehensive platform for UPI digital payments, loans,…
Twitch Ends Partnership with Safety Advisory Council
Twitch, the Amazon-owned game-streaming platform, announced it will be terminating all members of its Safety Advisory Council, effective May 31, 2024. This decision concludes a four-year collaboration where the council…
Big Tech Establishes AI Networking Standard, Leaving Out Chip Leader Nvidia
BENGALURU: In a significant move to challenge the dominance of Nvidia in the AI data center market, leading tech companies Meta, Microsoft, Advanced Micro Devices (AMD), and Broadcom have announced…
ifeel’s Mental Health Insurance Platform Raises $20 Million in Series B Round
ifeel, a European startup dedicated to improving mental health support in corporate settings, has successfully secured a $20 million Series B funding round co-led by FinTLV Ventures and Korelya Capital.…
Dell Shares Decline Despite Growth in AI Server Business
Dell Technologies reported first-quarter earnings on Thursday, beating analysts’ estimates for both earnings and sales. The company has solidified its position as a leading vendor for artificial intelligence (AI) servers,…
New House Bill Targets Chinese EV Makers and Their Connected Vehicles
Chinese electric vehicle (EV) manufacturers are facing a significant challenge in their bid to enter the U.S. market. A new bill introduced by U.S. Representative Elissa Slotkin aims to limit…
Steam Accounts Cannot Be Inherited, Confirms Valve
Valve has clarified that Steam accounts are non-transferable upon the owner’s death, which means users cannot bequeath their game libraries through a will. This policy was confirmed in a recent…
India’s Agnikul launches 3D-printed rocket in sub-orbital test after delays
After two years of meticulous preparation and four delays due to technical glitches, Indian space startup Agnikul successfully launched its first sub-orbital test vehicle, powered by its unique 3D-printed rocket…
Pinterest Launches New Inclusion Fund Initiative to Support Diverse Creators
Pinterest is broadening the scope of its creator support initiatives by transforming its Creator Inclusion Fund into the Pinterest Inclusion Fund, a move designed to incorporate small business owners from…
Mistral Debuts Codestral, Its First Code-Focused AI Model
Mistral, the Paris-based AI startup, has launched Codestral, its first code-centric large language model (LLM). Codestral, a 22B parameter model now available under a non-commercial license, caters to a variety…