Maria Deutscher
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AI agent startup Sierra raises $350M in funding at $10B valuation
Updated with confirmation: Sierra Technologies Inc., an artificial intelligence startup with high-profile founders, is raising capital at a $10 billion valuation, the company confirmed Thursday. Sierra said it’s raising $350 million in the round. Greenoaks Capital is expected to lead the investment. The venture capital firm led a $175 million round for Sierra last year at ...
Nvidia backs $85M round for AI search startup Exa
Exa Labs Inc., a startup with a search engine that artificial intelligence models can use to browse the web, has raised $85 million in funding. Benchmark led the Series B round. The venture capital firm was joined by Nvidia Corp., Y Combinator and Lightspeed. Exa disclosed in its announcement of the round today that it’s ...
You.com raises $100M to help developers build AI applications
Artificial intelligence startup SuSea Inc., which does business as You.com, today announced that it has raised $150 million in funding at a $1.5 billion valuation. Cox Enterprises led the Series C round. It was joined by several returning backers including Georgian, Norwest and Salesforce Ventures. You.com co-founders Bryan McCann (left) and Richard Socher (right) held ...
US limits TSMC’s ability to send chipmaking equipment to its fabs in China
Taiwan Semiconductor Manufacturing Co. has lost a license that allowed it to export American chipmaking equipment to its fabs in China. TSMC announced the development today. In 2022, the Biden administration rolled out regulations that limited exports of American chipmaking equipment to China. Making such shipments required companies to obtain a license under the so-called ...
Anthropic triples valuation to $183B in new $13B funding round
Anthropic PBC today announced that it has raised $13 billion in funding to support its artificial intelligence research and commercialization efforts. ICONIQ, Fidelity Management and Lightspeed led the Series F round. They were joined by more than a dozen other institutional backers. Anthropic is now worth $183 billion post-money, or about triple the valuation it ...
OpenAI previews new safety features for ChatGPT
OpenAI today announced plans to equip ChatGPT with new safety features that will enable it to respond in a more helpful manner if a user experiences mental or emotional distress. The first upcoming update will focus on the router component of GPT-5, the artificial intelligence system that powers ChatGPT. The router analyzes each user prompt and ...
Tencent open-sources Hunyuan-MT translation model series
Tencent Holdings Ltd. today open-sourced a new lineup of language models, the Hunyuan-MT series, that is optimized for translation tasks. The Chinese tech firm says that the algorithms significantly outperform Google Translate on a popular artificial intelligence translation benchmark. The Hunyuan-MT series comprises four models. The two flagship models, Hunyuan-MT-7B and Hunyuan-MT-Chimera-7B, both feature 7 ...
New secondary sale reportedly values Revolut at $75B
Financial technology startup Revolut Ltd. has reportedly launched a secondary sale that will value it at $75 billion. Sources told Bloomberg today that the company’s employees can sell up to 20% of their shares for $1,381 apiece. The transaction is expected to close in the coming weeks. It’s unclear which investors are buying the shares. ...
Report: OpenAI plans to build 1GW+ data center in India
OpenAI is expected to build a data center in India that will use more than 1 gigawatt of power. The ChatGPT developer is searching for local companies with which it can partner on the project, Bloomberg reported today. OpenAI will need the help of utilities and construction firms to launch the data center. Additionally, it ...
US makes it harder for chipmakers to run fabs in China amid new Alibaba processor reports
The U.S. Commerce Department is making it more difficult for chipmakers to operate their fabs in China, Reuters reported today. The move affects Samsung Electronics Co. Ltd. and SK hynix Inc., the world’s two largest memory suppliers. The latter company makes much of the HBM memory in Nvidia Corp.’s graphics cards. Samsung, in turn, sells not ...