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Drone infrastructure inspection firm DroneBase rebrands to Zeitview and raises $55M
DroneBase, an advanced infrastructure inspection firm for renewable energy that uses imagery from drones and other sources, announced Tuesday that it has raised $55 million in new funding and rebranded itself to Zeitview. The funding round, led by Valor Equity Partners, will be used to help Zeitview expand its current business operations and support its ...
Microsoft unveils new AI-powered upgrade for Bing search engine with OpenAI’s ChatGPT
Microsoft Corp. today unveiled a revamp of its Bing search engine and Edge web browser powered by OpenAI LLC’s popular ChatGPT artificial intelligence chatbot AI, in a bold bid to boost their search and answer capabilities. Announced at a press briefing today in Seattle, the news comes shortly after Microsoft made plans to invest billions ...
Tech giant Dell joins Hedera distributed ledger platform governing council
Distributed ledger technology company Hedera Hashgraph LLC announced today that tech giant Dell Technologies Inc. will join the company’s governing council, enabling the company to explore distributed ledger and Web3 technologies by running its own Hedera node and developing its own distributed applications. The Hedera Governing Council consists of up to 39 organizations that govern ...
GlossAi raises $8M for AI video editing and content creation platform
GlossAi Ltd., a company that produces an AI-driven platform for producing large-scale video content using generative AI, today announced that it has raised $8 million in a seed funding round to develop the capabilities of its service and reach a wider audience. New Era Capital led GlossAi’s seed round with participation from GuideStar Ventures, 97212 ...
Magic raises $23M to build an AI-driven tool to help developers write code
Magic AI Inc., a startup that’s building an artificial intelligence platform to generate code, said today that it has raised $23 million in new funding to build out its team and prepare its product for launch. The Series A funding round was led by Alphabet’s CapitalG and was joined by Elad Gil, Nat Friedman and ...
Google invests $300M in generative AI startup Anthropic as competition looms
Google LLC today revealed that it has invested $300 million in Anthropic, a startup that researches and develops “reliable and controllable” artificial intelligence systems, as part of the search giant’s foray into generative AI, one of the hottest areas of technology today. As part of the deal, Google will receive about a 10% stake in ...
BlockJoy ‘nodes-as-a-service’ provider for Web3 raises nearly $11M in funding
BlockJoy Inc., a Web3 infrastructure company that develops node management solutions for blockchain providers, announced Thursday that it has raised nearly $11 million to reduce operating costs for providers. The company said that it raised the money across combined seed and Series A funding rounds from Gradient Ventures, Draper Dragon, Dragon Roark, Active Capital, Borderless ...
Chainalysis plans to cut under 5% of its workforce as ‘crypto winter’ affects markets
Chainalysis Inc., a company that provides analytical data about cryptocurrency transactions for governments and banks to detect illicit activity, confirmed late Wednesday that the company intends to lay off less than 5% of its 900 employees as part of a reorganization. The company’s senior director of communications Maddie Kennedy told SiliconANGLE in an emailed statement ...
Twitter is closing free access to its API starting Feb. 9
The social media giant Twitter Inc. has announced that it intends to shutter free access to its application programming interface in a move to make more money for the platform. The company stated that the API, which is used by bots, researchers and useful tools, will be closing down and in favor of a “paid ...
UK government introduces plans to regulate crypto industry ‘robustly’
The United Kingdom’s government has detailed what it calls “robust” plans to regulate the crypto industry, with new rules surrounding trading platforms, market abuse, lending and tokens. The government said it intends to bring all those activities “within the regulatory perimeter for financial services,” according to a press release, with the intent of better protecting ...