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Niantic announces major updates to its augmented reality platforms for developers
Niantic Inc., the developer of the popular augmented reality game “Pokemon Go” and the Lightship AR platform, announced a number of major updates to its developer tools that will enable deeper integrations and hardware compatibility for extended reality software creation. The announcements today at this year’s Augmented World Expo in Santa Clara, California, a conference for ...
OpenAI takes on AI ‘hallucinations’ with new training techniques
OpenAI LP is performing research into dealing with artificial intelligence “hallucinations” using new training methods that will help reduce critical mistakes. Generative AI models have become increasingly popular since the debut of chatbot ChatGPT by OpenAI in late 2022, which is capable of human-like conversation. Since the more recent unveiling of the more advanced GPT-4 ...
GPU-accelerated cloud provider CoreWeave secures $200M led by Magnetar Capital
CoreWeave Inc., a cloud compute provider that specializes in large-scale graphics processing unit-accelerated workloads, announced today that it has raised $200 million in additional funding from Magnetar Capital. The funding is an extension of the company’s previous $221 million Series B round that closed on April 20, also led by Magnetar, which brings the total ...
Crypto wallet Magic raises $52M to expand ‘wallet-as-a-service’ solution
Magic Labs Inc., the provider of a cryptocurrency “wallet-as-a-service” enterprise solution, today announced that it has raised $52 million in a strategic funding round led by PayPal Ventures. Venture capital firms Cherubic, Synchrony, KX, Northzone and Volt Capital also participated in the investment, which brought the company’s total raised to over $80 million. The company ...
Google introduces multicloud connectivity with Cross-Cloud Interconnect
Google LLC today announced an expansion to its Cloud Interconnect service that will allow enterprises to connect any public cloud with Google Cloud through a secure, high-performance network called Cross-Cloud Interconnect. As more enterprises begin to adopt hybrid and multicloud distribution for their applications, they have begun to face problems with connectivity as they build ...
Monday.com launches a developer team workflow management tool
Monday.com Ltd., a project management software company, today announced the launch of monday dev, a new product offering that centralizes software development tracking in one place so developers, engineers and administrators can collaborate more easily. Monday.com is the provider of what it calls a work operating system, or Work OS, which allows organizations to quickly get ...
Generative AI search platform Vectara raises $28M to reduce ‘hallucinations‘
Vectara Inc., a generative artificial intelligence search platform provider, today announced today that it has raised $28 million in seed funding led by Race Capital to empower developers with a new capability that greatly reduces AI errors when producing search results. Vectara provides a cloud-based conversational generative large language model “search-as-a-service” that allows businesses to ...
Digital Currency Group plans to shut down institutional trading unit TradeBlock
Venture capital conglomerate Digital Currency Group Inc. announced plans to close its TradeBlock subsidiary that provides cryptocurrency trade and prime brokerage services for institutional investors. According to a May 25 report from Bloomberg, the shutdown will officially be effective on May 31. “Due to the state of the broader economy and prolonged crypto winter, along with ...
Arrington Capital-led group to acquire bankrupt Celsius Network assets
Bankrupt cryptocurrency lender Celsius Network LLC will be reborn as a new company under the management of Fahrenheit LLC, a group of bidders led by investment group Arrington Capital, which won the bid to manage the company’s assets. Other members of Fahrenheit include the crypto mining firm US Bitcoin Corp., Proof Group, crypto entrepreneur Steven ...
Worldcoin developer Tools for Humanity raises $115M led by Blockchain Capital
Tools for Humanity, the developer behind the eyeball-scanning crypto startup Worldcoin, today announced a $115 million fundraise led by Blockchain Capital to accelerate the growth of its research and development and global reach. This news confirms a report earlier this month that Sam Altman, co-founder of Worldcoin and chief executive of artificial intelligence company OpenAI ...