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Nvidia announces major updates to Omniverse with generative AI and OpenUSD
Nvidia Corp. today announced a major release to Omniverse, its hyper-realistic real-time 3D graphics collaboration and simulation platform, that will allow enterprises to build better 3D models and scenes using OpenUSD and artificial intelligence. Nvidia Omniverse acts as a platform that provides artists, engineers, creators and others a suite of “metaverse” tools to collaborate remotely ...
PayPal launches US dollar stablecoin for payments
Payments giant PayPal Holdings Inc. finally launched its long-awaited stablecoin cryptocurrency offering Monday for payments and transfers. Stablecoins are a type of cryptocurrency that are “pegged” to another currency so that a single token can be exchanged one-to-one. In the case of PayPal’s new currency, called PayPal USD or PYUSD, a single token can be ...
GoStudent raises $95M to pursue VR and AI-driven tutoring
Tutoring and educator marketplace GoStudent GmBH said today that it raised $95 million in what it called a strategic fundraise with the intent to pursue an artificial intelligence-driven future for its platform. The funds were raised with participation from Deutsche Bank and other investors including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and ...
Enterprise blockchain payments firm Orbital raises $6.4M
London-based Orbital, a traditional financial and crypto payments platform designed for enterprise businesses, today announced that it raised £5 million ($6.5 million) in an oversubscribed growth round led by Golden Record Ventures to expand its market reach and develop its product. The round included participation from New Form Capital, GSRV, Psalion and Luminous Futures and ...
CoreWeave raises $2.3 billion debt financing to fund its cloud AI training infrastructure
Cloud compute infrastructure provider CoreWeave Inc. today announced that it has secured $2.3 billion in debt financing, which the company said it intends to commit entirely to purchasing more hardware used for artificial intelligence training. Magnetar Capital led the funding round Coatue, DigitalBridge, BlackRock, PIMCO, Carlyle and Great Elm also participated in the funding round. ...
Inworld AI raises fresh funding for AI character engine at $500M valuation
Inworld AI, a company that develops artificial intelligence-driven characters for video games and other applications, today said that it raised new funding from Lightspeed Venture Partners to accelerate the development of what it calls its Character Engine. The company is being quiet about the total amount raised in this current round because it’s not done ...
Very Good Ventures releases Dart Frog 1.0 to make backend Dart development a reality
Full-service Flutter consulting firm Very Good Ventures today announced the release of Dart Frog 1.0, a fully stable open-source backend framework for Dart designed to make sharing tooling, models and more across the entire stack a reality for developers. Dart itself is an open-source programming language developed by Google optimized for client-side operations across multiple ...
Five big tech companies form alliance around OpenUSD for 3D metaverse graphics standard
Nvidia Corp., Apple Inc., Adobe Inc., Autodesk Inc. and Walt Disney Co.’s Pixar Animation Studios today announced the formation of the Alliance for OpenUSD, which will promote the joint development of open 3D standards for computer graphics for the metaverse and large-scale 3D projects. OpenUSD, also known as Universal Scene Description, is an open data format ...
Decentralized Ethereum protocol Curve Finance exploited for more than $50M
Curve Finance, a decentralized finance protocol on the Ethereum blockchain that is part of trading stablecoin cryptocurrency and other tokens, was exploited for more than $50 million on Sunday after vulnerabilities were found in a programming language used by its software. Decentralized finance, or DeFi, allows for peer-to-peer transactions to be executed using blockchain technology ...
Francisco Partners and TPG to buy New Relic in $6.5 billion deal
Private equity firms Francisco Partners and TPG today agreed to purchase cloud-observability platform New Relic Inc. and take the company private in a deal worth about $6.5 billion. The firms have offered New Relic shareholders $87 per share in cash, representing a 26% premium on the company’s 30-day volume-weighted average closing price through last Friday, the ...