The high-stakes race for hardware dominance in artificial intelligence just kicked into another gear. Under the terms of an historic pact set to upend Silicon Valley, semiconductor giant AMD is making a strategic equity investment in Claude-builder Anthropic worth up to $5 billion. In exchange, Anthropic is set to employ up to two gigawatts of […]
With the rise of generative AI tools and autonomous systems in enterprise settings, conventional enterprise-level security measures appear inadequate. Coming out of the shadows to address this increasingly painful problem, cybersecurity startup Glow is being launched into the world with an impressive $1.2 billion valuation after having raised $180 million in its Series A funding […]
In the ultra-competitive artificial intelligence race, bitter boardroom competitors are being forced to come together in an age of interdependence never seen before. In a move that showcases the physical hardware limits of the sector, Meta Platforms Inc, according to the reports, is looking forward to leasing the computing infrastructure to none other than its […]
As consumer technology companies spend astronomical amounts to create ever more intelligent models, there is demand for solid financial gains in the corporate market. Portraying itself as the vital plumbing for the machinery of the corporation, data analytics company Databricks has agreed to a term sheet for a strategic funding round that boosts the valuation […]
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 […]
