Kyt Dotson
Latest from Kyt Dotson
Moonshot launches open-source ‘Kimi K2 Thinking’ AI with a trillion parameters and reasoning capabilities
Chinese startup Beijing Moonshot AI Co. Ltd. Thursday released a new open-source artificial intelligence model, named Kimi 2 Thinking, that displays significantly upgraded tool use and agentic capabilities compared to current models. The company said the new model was built as a “thinking agent,” capable of reasoning step-by-step while using software tools such as search, advanced ...
Low-latency AI model pioneer Inception nabs $50M
Inception AI Inc., a company building ultra-fast large language models based on the diffusion technique, said today it has raised $50 million in new funding led by Menlo Ventures. Mayfield, Innovation Endeavors, Nvidia Corp.’s venture capital arm NVentures, Microsoft Corp.’s M12, Snowflake Ventures and Databricks Investment also participated in the round. Inception builds LLMs with ...
OpenMind, Robostore launch academic training program for humanoid robots
OpenMind, the developer of an open artificial intelligence operating system for robotics, and RoboStore LLC, a distributor of advanced intelligent robotics platforms, announced the launch of an educational curriculum for humanoid robots. Only a few years ago, humanoid robots cost more than $100,000 to build and deploy. At the time, they were more for presentation ...
Google unleashes Ironwood TPUs, new Axion instances as AI inference demand surges
Google LLC today announced it’s bringing its custom Ironwood chips online for cloud customers, unleashing tensor processing units that can scale up to 9,216 chips in a single pod to become the company’s most powerful AI accelerator architecture to date. The new chips will be available to customers in the coming weeks, alongside new Arm-based ...
Crypto giant Ripple lands $500M at a $40B valuation
Ripple Labs Inc., a leading financial technology company offering cryptocurrency solutions for businesses, today announced it has raised $500 million in new funding at a $40 billion valuation. Institutional investors Fortress Investment Group and affiliates of Citadel Securities led the round, with participation from Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The company ...
Flare raises $30M to raise the bar for cybersecurity threat intelligence
Cybersecurity firm Flare Systems Inc., which monitors cybercrime intelligence to identify potential threats and prevent breaches, today announced it has raised $30 million in funding to expand its platform. The round included $15 million in a Series B extension led by Inovia Capital’s Growth Fund, with participation from Base10 Partners and White Star Capital, in ...
Mimic raises $16M to build AI models for human-like robotic hands
Switzerland-based Mimic Robotics AG said Monday it has raised $16 million in seed funding from Elaia and Speedinvest to enable robotic hands to adapt to complex, high-precision tasks that conventional machinery can’t. Founderful, 1st kind, 10X Founders, 2100 Ventures and Sequoia Scout Fund also participated in the round. Today’s funding brings the total capital raised ...
SAP unveils new AI data tools at TechEd, including Snowflake zero-copy and relational AI model
Enterprise software giant SAP SE is expanding its Business Data Cloud offering and doubling down on AI-ready data architectures, with product roll-outs and enhancements focused on bringing data and AI tools to developers and data engineers. Today, during TechEd, the company’s annual event for developers and information technology professionals, SAP announced a slate of new ...
Planbase launches with $2.1M to bring AI automation to healthcare workforce management
Planbase Technologies Inc., an artificial intelligence-powered employee management platform for healthcare, today announced its launch with $2.1 million in funding. The investment round was joined by Y Combinator, LocalGlobe and several prominent angels. Planbase said it will use the funding to expand efforts to court medium-sized and large clinics nationwide and grow its software engineering team. ...
Zynk raises $5M to support instant cross-border payments
Financial infrastructure provider Zynk Labs Pte. Ltd. today announced it has raised $5 million in a seed round to build on its mission to eliminate prefunding and liquidity issues for payment companies worldwide. The investment round was led by Hivemind Capital, with participation from Alliance DAO, Coinbase Ventures, Transpose Platform VC, Polymorphic, Tykhe Ventures and ...