Physical devices used to interact with computers have not changed much since the 1980s, despite rapid progress in the development of artificial intelligence. In an attempt to circumvent this bottleneck, the startup called Aina managed to raise $5.5 million in seed funding. The goal of the company is to develop a physical interface that will […]
The global gig economy is seeing its biggest wave of consolidation ever on account of competition for maximal operational scale. Struggling to keep up with the competition abroad, Uber Technologies is making a blockbuster offer of cash to buy food delivery leader Delivery Hero, based in Berlin. At an equity value of $14.8 billion, the […]
Custom software development once required an engineering team and a six-figure budget. With this historic feat, Emergent Technologies, an AI company from India, has succeeded in tearing down the financial and technological barriers and has become part of the unicorn club. Hailing from both Bengaluru and San Francisco, Emergent raised a whopping $130 million Series […]
But the tech industry continues to be preoccupied with figuring out which AI laboratory can develop the most intelligent neural network. Yet, an impressive new coalition of the most renowned tech and finance companies suggests that the industry is pursuing the wrong goal. Anthropic has partnered with the private equity giant Blackstone and a high-powered […]
The acquisition of stable sources of microchips has now taken precedence as the primary concern of tech companies in the world today. To safeguard itself against international supply chain problems, Apple has recently renewed a billion-dollar deal with Broadcom. The deal places emphasis on the design and manufacture of advanced wireless components and chips in […]
Meta Technologies is moving ahead with its relentless AI buildout to the North. Transitioning from building out infrastructure in its domestic facilities, the tech company is now officially breaking ground on its very first data center to be located in Canada. Built in the Alberta province in the Sturgeon County region, the massive project comes […]
The risk of betting big in technology either breaks a company or changes its fate altogether. As far as the experienced Menlo Ventures is concerned, its huge bet on the power of artificial intelligence has paved the way to the biggest triumph in its 50-year journey. Indeed, Menlo has achieved a record-setting raise of $3 […]
Imagine sending a newly developed AI agent into operation on a real-life financial or software platform without having any idea of how it is going to perform under adverse conditions. It would pose a huge risk that many companies do not want to take in the first place. Solving this pressing problem, Patronus AI has […]
As part of its biggest initiative to tie its future technology needs to America, Apple has struck an historic deal with its semiconductor partner Broadcom for over $30 billion. It is the biggest ever investment made by the company in the U.S., and a clear indication of its determination to achieve supply chain self-sufficiency and […]