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AI startup Etched to produce $120M worth specialised chip
Jun 25,2024
Etched, an AI startup based in San Francisco, announced that it secured$120 million, aiming to create a specialised kind of chip tailored to run a specific type of AI model commonly used by OpenAI's ChatGPT and Google's Gemini. Unlike Nvidia, which d...
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EvolutionaryScale secures $142 million to enhance AI applications in biology
Jun 25,2024
AI startup EvolutionaryScale has secured$142 million in seed funding, led by investors including Nat Friedman, Daniel Gross, and Lux Capital. Both Amazon Web Services (AWS) and NVIDIA's venture capital arm participated in this substantial funding rou...
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Nvidia signs partnership with Qatar's Ooredoo amid US restrictions in the region
Jun 24,2024
Nvidia has signed a new partnership with Qatari telecom group Oreedoo to bring its AI technology to data centres in five Middle Eastern countries. Signed at the TM Forum in Copenhagen last week, the deal makes Ooredoo a Nvidia cloud partner (NCP) tha...
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Meta and Anthropic in AI deal talks with Apple
Jun 24,2024
Meta Platforms, Facebook's parent company, is in talks to integrate its generative AI model into Apple's newly announced AI system for iPhones. The integration comes as Apple plans to incorporate technology from various AI companies into its devices....
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ByteDance partners with Broadcom for advanced AI chip
Jun 24,2024
ByteDance, the Chinese owner of TikTok, is collaborating with US chip designer Broadcom to develop an advanced AI processor. This 5-nanometer chip, compliant with US export restrictions, will be manufactured by Taiwan's TSMC. The initiative is aimed ...
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EU charges Apple with tech rule violations
Jun 24,2024
The EU antitrust regulators have accused Apple of violating the bloc's tech rules, potentially leading to a substantial fine. The European Commission, responsible for antitrust and technology regulation, announced its preliminary findings following a...
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Amazon plans to revamp Alexa with generative AI
Jun 21,2024
Amazon plans to overhaul its Alexa service with a new project known internally as 'Banyan,' aiming to integrate generative AI and introduce two service tiers. The initiative, called 'Remarkable Alexa,' could include a monthly fee of around$5 for the ...
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Google and University of Tokyo to launch AI initiative for regional solutions
Jun 21,2024
Google LLC and the University of Tokyo are teaming up to leverage generative AI to tackle local challenges in Japan, such as the nation's shrinking workforce. The initiative, featuring prominent AI researcher Professor Yutaka Matsuo, will be piloted ...
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Anthropic unveils Claude 3.5 Sonnet AI model
Jun 20,2024
Anthropic, a startup backed by Google and Amazon, has introduced a new AI model named Claude 3.5 Sonnet alongside a revamped user interface to enhance productivity. The release comes just three months after the launch of its Claude 3 family of AI mod...
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New report analyses GenAI startups in Europe and Israel
Jun 20,2024
A report published by venture capital firm Accel shows the state of affairs of Europe and Israel's generative AI (GenAI). That type of AI is able to generate text, images, sounds, videos and other mediums based on datasets upon which it is trained.&n...
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Italy set to introduce tough new regulations for cryptocurrency market
Jun 20,2024
Italy is set to strengthen its surveillance of crypto assets with new measures, including hefty fines for market manipulation, according to a draft decree reviewed by Reuters. The decree, expected to be approved by the cabinet, imposes fines ranging ...
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SoftBank to expand US power generation for AI
Jun 20,2024
Founder Masayoshi Son announced that Japan's SoftBank Group plans to expand its power generation business in the US to support global generative AI projects. SB Energy, backed by SoftBank, focuses on developing and operating renewable energy projects...
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