Maria Deutscher
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Korean AI chip startup Rebellions raises $124M at $650M+ valuation
Rebellions Inc., a Seoul-based developer of artificial intelligence chips, has raised $124 million in funding to support its engineering efforts. The startup announced the investment on Monday. The raise was led by KT, South Korea’s second largest wireless carrier and a Rebellions customer. TechCrunch reported that Korea Development Bank participated as well along with several other ...
Storage appliance maker Nyriad seeking sale after fundraising effort falls through
Nyriad Inc., a startup that develops data center storage hardware powered by graphics cards, is seeking a buyer. The development was first reported on Friday by Blocks and Files, which cited a memo from Nyriad Chief Executive Derek Dicker. The company confirmed that it’s exploring a sale in a statement to CRN today. It has ...
AI startup Sema4.ai, led by former Cloudera CEO Rob Bearden, raises $30.5M
Sema4.ai, a new artificial intelligence startup founded by a group of prominent software executives, today announced that it has raised $30.5 million in funding. The capital was provided by Benchmark and Mayfield Fund. The investment reportedly comes a mere three months after Sema4.ai’s launch. Sema4.ai is led by Chief Executive Rob Bearden (pictured), who previously ...
Juniper Networks debuts Marvis Minis for simulating and preempting network issues
Juniper Networks Inc. today introduced a new artificial intelligence tool, Marvis Minis, that can simulate the impact of a network change to determine if it may lead to technical issues. The company is rolling out the software as part of a product portfolio refresh that also extends to its hardware lineup. Juniper today debuted new ...
Report: Elon Musk’s xAI seeking up to $6B from investors at $20B valuation
A few weeks after rumors emerged that xAI Corp. is seeking $1 billion from investors, a new report indicates that Elon Musk’s artificial intelligence startup has set a more ambitious fundraising target. Sources told the Financial Times today that the company is in talks to raise as much as $6 billion. According to the paper, ...
George Carlin’s estate files suit over AI-generated comedy special
The estate of George Carlin is suing the creators of a YouTube video that mimics the deceased comedian’s voice using generative artificial intelligence. The lawsuit was filed on Thursday by the estate’s executor, Jerold Hamza, who was Carlin’s manager for 30 years. The development is not unexpected. Carlin’s daughter, Kelly Carlin, told The Daily Beast ...
Salesforce reportedly lays off 700 employees following recruiting push
Salesforce Inc. is reportedly laying off 1% of its workforce, or about 700 staffers, a few months after launching a hiring effort intended to recruit thousands of new employees. The Wall Street Journal reported the job cuts today, citing a person familiar with the matter. The source also revealed that Salesforce currently has about 1,000 ...
FTC launches inquiry into tech giants’ investments in OpenAI and Anthropic
The U.S. Federal Trade Commission today launched a competition inquiry that focuses on five of the largest players in the generative artificial intelligence market. The companies in question are Microsoft Corp., Amazon.com Inc., Google parent Alphabet Inc., Anthropic PBC and OpenAI. Last January, Microsoft reportedly invested $10 billion in OpenAI for a 49% stake. Later ...
Google researchers develop new diffusion-based AI system for generating videos
Google LLC has revealed Lumiere, an artificial intelligence system for generating videos that the company says can outperform earlier models in the category. The Alphabet Inc. unit detailed the system in a research paper published on Tuesday. According to Google, Lumiere is capable of generating five-second videos with a resolution of 1024 by 1024 pixels. ...
Google Cloud and Hugging Face ink AI infrastructure partnership
Google LLC’s cloud unit today announced a new partnership with Hugging Face Inc., the operator of a popular platform for sharing open-source artificial intelligence models. The deal will see Google Cloud become a “preferred destination” for Hugging Face’s AI training and inference workloads. Additionally, the companies intend to integrate several of their respective services with ...