Maria Deutscher
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Report: Meta to spend $10B+ on 25,000-mile submarine internet cable
Meta Platforms Inc. plans to spend more than $10 billion on a submarine internet cable that will circle the globe, TechCrunch reported today. The project was first detailed last month by subsea networking expert Sunil Tagare. According to TechCrunch, multiple sources close to Meta have confirmed the initiative. The Facebook parent is no stranger to ...
Akhetonics nabs €6M to build a general-purpose optical processor
Startup Akhetonics GmbH has raised €6 million in funding for its optical chip technology, which can perform digital, analog and quantum computations in the same system. TechCrunch reported the investment today. The deal, which is described as a seed funding round, was led by Matterwave Ventures. It follows a €2.3 million raise in July. Standard ...
Amazon reportedly develops new multimodal language model
Amazon.com Inc. has reportedly developed a multimodal large language model that could debut as early as next week. The Information on Wednesday cited sources as saying that the algorithm is known as Olympus internally. Last November, Reuters reported that Amazon was spending millions of dollars to train an LLM called Olympus with 2 trillion parameters. ...
Report: xAI developing new consumer chatbot and AI model
Artificial intelligence developer xAI Corp. is building a consumer chatbot that will launch as soon as next month, the Wall Street Journal reported today. The company is also believed to be training a new frontier model that could debut around the same time. According to the Journal, xAI hopes that the algorithm will rank as ...
Eon raises another $70M at $1.4B valuation for its cloud backup platform
Eon Inc., the developer of a platform for backing up data stored in cloud environments, today announced that it has raised $70 million from investors. BOND led the Series C round. It was joined by several existing backers including Sequoia Capital, Greenoaks and Lightspeed Venture Partners. The deal values Eon at $1.4 billion, nearly double ...
Artists briefly leak access to OpenAI’s Sora video generator
A group of artists has leaked access to Sora, an OpenAI artificial intelligence model designed for video generation that is currently in private alpha. The artists made Sora’s application programming interface accessible via Hugging Face, Quartz reported today. OpenAI blocked access to the API after about three hours. Sora debuted in February and is currently ...
Inflection AI acquires automation startups BoostKPI and Jelled.ai
Inflection AI Inc. has acquired BoostKPI Inc. and Jelled.ai Inc., two startups that sell artificial intelligence tools for enterprises. The company disclosed the deals today but didn’t disclose acquisition prices. Inflection AI launched in 2022 and raised $1.3 billion from investors the following year. Originally, it focused on developing a ChatGPT alternative called Pi that ...
Software testing provider Tricentis raises $1.33B at $4.5B valuation
Tricentis Inc., a provider of tools that help developers more quickly test their software for bugs, today announced that it has raised $1.33 billion at a $4.5 billion valuation. Private equity firm GTCR led the investment. The deal comes six years after Insight Partners acquired a majority stake in Tricentis for $165 million. Reports that ...
Intel secures up to $7.86B in CHIPS Act funding for fab projects
Intel Corp. has won $7.86 billion in funding from the U.S. Commerce Department to upgrade its U.S. chip production infrastructure. The financing, which officials announced today, will be provided under the 2022 CHIPS and Science Act. Intel is one of several chipmakers set to receive funding under the law. Earlier this month, Taiwan Semiconductor Manufacturing Co. ...
Anthropic open-sources protocol for connecting AI models to datasets and tools
Artificial intelligence startup Anthropic PBC today released a toolkit for connecting large language models to external systems. The Model Context Protocol, or MCP for short, is available under an open-source license. Anthropic says the software has already been adopted by several tech firms. Companies can connect their LLMs to external systems in a bid to make ...