Kyt Dotson
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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 ...
Google unveils RT-2, an AI language model for telling robots what to do
Google LLC today unveiled a new artificial intelligence model that will allow humans to speak to robots and tell them what to do by transforming words into action. The new model, called Robotics Transformer 2, or RT-2, is capable of learning from both words and visuals in order to understand ideas and concepts in order ...
AWS expands Bedrock with new AI models and complex task automation
Amazon Web Services Inc. announced today during AWS Summit New York that it’s expanding its fully managed artificial intelligence foundational model service Bedrock to include a variety of new models from Cohere, Anthropic and Stability AI, as well as the capacity for developers to deploy their own automated agents to execute complex tasks. Amazon Bedrock ...
Google, OpenAI, Microsoft and Anthropic join forces to promote safe AI development
Google LLC, Microsoft Corp., ChatGPT developer OpenAI LP and artificial intelligence research startup Anthropic today announced the formation of a new industry body that’s intended to ensure the development of safe and responsible AI models. In a joint announcement published today on Google’s blog, the four companies outlined the Frontier Model Forum, which will be ...