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Netris, a Santa Clara startup that automates the networking layer inside GPU data centres, has raised $15 million in a Series A round led by Andreessen Horowitz. The round follows what the company says is 800 percent annual recurring revenue growth and more than 35 live deployments at GPU clusters around the world, including operations […]
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OpenAI, Anthropic, Amazon and Microsoft are bankrolling a new nonprofit to retrain American workers for the AI economy. RAISE US, led by Gina Raimondo, has already raised more than $500m. The biggest names in AI agree on at least one thing. The technology they are building could upend the American job market, and almost nobody […]
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OpenAI, Anthropic and Amazon are funding RAISE US Read More »
Adobe is buying Topaz Labs, the Emmy-winning maker of AI image and video enhancement tools. The deal hands Adobe upscaling, restoration and on-device AI as creators blend captured and generated footage. Adobe has agreed to buy Topaz Labs, an AI company that sharpens, upscales and restores images and video. The two firms signed a definitive […]
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Adobe is buying Topaz Labs, the AI video enhancer Read More »
Airwallex has raised $320M at an $11bn valuation, up from $8bn in December. The payments company is now pivoting to “autonomous finance” and AI agents that transact on your behalf. Airwallex, the global payments platform, has raised $320m in a Series H round. The deal values the company at $11bn, up from $8bn in December […]
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Airwallex raises $320M at an $11bn valuation Read More »
The era of AI was ushered in with dazzling displays of its seemingly endless capabilities and a promise to change the world. After OpenAI sparked the generative AI boom in 2022, the pace and scale of AI growth in just about every major industry have been staggering. These days, although many of the promises have been materializing, […]
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There’s a very real human problem at the heart of the AI revolution Read More »
French insurtech Alan has raised €480M led by Prosus at a €5.5bn valuation, just months after its last round. The Paris company is betting that AI-driven prevention can reshape health insurance. Alan, the French health insurance company, has raised €480m ($550m). The deal values the Paris firm at €5.5bn ($6.3bn). Dutch investor Prosus led the […]
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Alan raises €480M led by Prosus at a €5.5bn valuation Read More »
The actor and MEP Eva Maydell revealed RSL Media’s Human Consent Registry at the European Parliament, a tool that lets anyone set the terms on which AI can use their name, face and voice. The context is disarmingly simple: your face, your voice, your name, treated as property you get to license or withhold. Cate […]
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Actress Cate Blanchett launches a free registry tool to keep AI from using your likeness Read More »
Micron Technology posted fiscal third-quarter revenue of nearly $42bn, quadrupling from just over $9bn a year earlier and beating Wall Street estimates by a wide margin. The results, reported on Tuesday, confirm that the company riding the AI memory boom hardest is the one whose stock has already climbed roughly 700 percent over the past […]
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Micron’s revenue quadrupled as AI memory demand pushes gross margins above 81 percent Read More »
Qualcomm has signed Meta as the first named customer for its new Dragonfly C1000 data centre processor, the strongest signal yet that the mobile chipmaker is serious about competing in the AI infrastructure market. The company announced the deal at its investor day in New York on Wednesday, alongside a new AI300 accelerator chip and […]
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Qualcomm lands Meta as first named customer for its Dragonfly data centre chips Read More »
Nvidia CEO Jensen Huang told shareholders on Wednesday that if a commercial opportunity conflicts with US national security, the company would prioritise American interests. “National security comes first,” Huang said in a session shortly after the company’s annual stockholder meeting concluded. Huang addressed the chip smuggling problem directly, arguing that anyone trying to build AI […]
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