Maria Deutscher
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NYSE’s parent company to invest up to $2B in prediction market startup Polymarket
Intercontinental Exchange Inc., the operator of the New York Stock Exchange, will invest up to $2 billion in prediction market startup Polymarket. The deal, which was announced today, also includes other elements. Intercontinental Exchange will make data from Polymarket’s platform available to financial institutions. Furthermore, the companies plan to partner on tokenization initiatives. In addition ...
Elon Musk’s xAI reportedly will spend $18B+ more on Nvidia chips for Colossus 2 data center
New details have emerged about the Colossus 2 data center that xAI Holdings Corp. is building near Memphis. Work on the facility reportedly began this past March. On Sunday, the Wall Street Journal cited a source as saying that xAI will buy 300,000 graphics processing units from Nvidia Corp. to power the data center. The ...
OpenAI announces ChatGPT apps, embedded Codex coding agent at DevDay
OpenAI will enable developers to embed their applications into ChatGPT using a new software toolkit called the Apps SDK. Executives revealed the first seven apps that integrate with the chatbot service at OpenAI’s DevDay event today. In addition, the artificial intelligence provider detailed an embedded version of its Codex programming agent. Developers can use the ...
OpenAI to buy $10B+ worth of AMD hardware, stock through new partnership
OpenAI will buy tens of billions of dollars’ worth of data center hardware from Advanced Micro Devices Inc. as part of a partnership announced today. The ChatGPT developer could also receive the option to purchase about 160 million AMD shares, which represents an approximately 10% stake. The amount of stock that OpenAI will buy depends ...
Wafer-scale chip startup Cerebras withdraws IPO filing after $1.1B round
Cerebras Systems Inc. has revised its plan to go public on the Nasdaq stock exchange. The company, which develops artificial intelligence chips for data centers, filed to list its shares last September. Cerebras today asked the U.S. Securities and Exchange to withdraw the filing. “The Company is seeking the withdrawal of the Registration Statement because ...
IBM releases Granite 4 series of Mamba-Transformer language models
IBM Corp. on Thursday open-sourced Granite 4, a language model series that combines elements of two different neural network architectures. The algorithm family includes four models on launch. They range in size from 3 billion to 32 billion parameters. IBM claims they can outperform comparably-sized models using less memory. Granite-4.0-Micro, one of the smallest algorithms ...
PostgreSQL database specialist Supabase snags $100M in funding
Five months after Databricks Inc. acquired one of its main rivals for $1 billion, Supabase has raised $100 million in late-stage funding to build a database tool dubbed Multigres. Announced today, the Series E investment was led by Accel and Peak XV. Supabase is now worth $5 billion. After its previous $200 million round in ...
AI translation startup DeepL reportedly weighing $5B IPO
DeepL SE, a German developer of artificial intelligence translation software, is reportedly considering to go public on a U.S. stock exchange. The company received a $2 billion valuation following a $300 million funding round last March. Citing sources familiar with the matter, Bloomberg reported today that DeepL is seeking a market capitalization of up to ...
OpenAI reportedly closes new $6.6B secondary sale at $500B valuation
OpenAI has recently concluded a secondary sale that valued it at $500 million, multiple publications reported today, making it the highest-valued privately held company ever. CNBC cited sources as saying that the ChatGPT developer first approached current and former employees about the deal early last month. Originally, OpenAI planned to make $10.3 billion shares available to ...
Salesforce launches new AI data governance features, Agentforce Vibes coding tool
Salesforce Inc. has introduced a collection of new tools designed to support customers’ artificial intelligence initiatives. The first set of features, which debuted today, will help organizations manage the data they use to power their AI models. Salesforce says that the new capabilities make it easier to secure AI models’ data and ensure their prompt ...