Maria Deutscher
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AWS details materials science collaboration with Orbital Materials
Amazon Web Services Inc. is launching a technical collaboration with Orbital Materials Inc., a startup that uses artificial intelligence to discover new materials. The companies detailed the initiative today against the backdrop of the cloud giant’s AWS re:Invent conference. It’s described as a multiyear collaboration. The goal, the companies said, is to develop technologies and ...
AWS upgrades Amazon Connect with new generative AI features
Amazon Web Services Inc. is adding more artificial intelligence features to its Amazon Connect service, which helps companies run their contact centers more efficiently. The update was detailed today ahead of the cloud giant’s AWS re:Invent 2024 event, which will kick off on Monday. Amazon Connect made its original debut in 2017. The service uses ...
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 ...