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IBM unveils Loon and Nighthawk, next-generation processors for scalable, fault-tolerant quantum computing
IBM Corp. today announced two new quantum processors at its annual Quantum Developer Conference that are aimed at delivering scalable quantum computation capabilities next year and fault-tolerant quantum computing by 2029. The company unveiled Quantum Nighthawk, a 120-qubit processor designed with 218 next-generation tunable couplers that expands on the previous generation Heron processor’s capabilities with 20% ...
Legal AI startup Theo Ai lands $3.4M to grow its predictive litigation tools
Legal technology startup Theo Ai Inc. today announced it has raised $3.4 million in new funding led by Run Ventures, alongside plans to expand its artificial intelligence-powered litigation prediction platform. The raise brings the company’s total funding to more than $10 million, following its $4.2 million seed round in May. Founded in 2024, Theo Ai ...
Wonderful raises $100M to scale multilingual enterprise AI agents worldwide
Israel-based Wonderful Ltd., a startup that builds enterprise-ready artificial intelligence agents, today announced it has raised $100 million in an early-stage funding round led by Index Ventures. New investors Insight Partners and IVP joined the Series A round alongside existing backers Bessemer Venture Partners and Vine Ventures. The raise comes just four months after the ...
Rumble plans to acquire AI infrastructure company Northern Data to expand cloud operations
Rumble Inc., an open cloud provider and “censorship-free” alternative to YouTube, today announced plans to acquire Northern Data AG, an artificial intelligence and high-performance computing infrastructure firm. Global stablecoin issuer Tether Ltd. also offered an agreement to buy services from Rumble with an initial commitment to buy $150 million in graphics processing unit services over two ...
AI-powered visual presentation platform Gamma raises $68M at $2.1B valuation
Gamma Tech Inc., a provider of artificial intelligence-enabled services for presentations, social media, and the web, today announced that it has raised $68 million, led by Andreessen Horowitz, at a valuation of $2.1 billion. Accel, Uncork Capital and other venture capital firms also participated in the company’s Series B funding round, bringing the total capital ...
Moonshot launches open-source ‘Kimi K2 Thinking’ AI with a trillion parameters and reasoning capabilities
Chinese startup Beijing Moonshot AI Co. Ltd. Thursday released a new open-source artificial intelligence model, named Kimi 2 Thinking, that displays significantly upgraded tool use and agentic capabilities compared to current models. The company said the new model was built as a “thinking agent,” capable of reasoning step-by-step while using software tools such as search, advanced ...
Low-latency AI model pioneer Inception nabs $50M
Inception AI Inc., a company building ultra-fast large language models based on the diffusion technique, said today it has raised $50 million in new funding led by Menlo Ventures. Mayfield, Innovation Endeavors, Nvidia Corp.’s venture capital arm NVentures, Microsoft Corp.’s M12, Snowflake Ventures and Databricks Investment also participated in the round. Inception builds LLMs with ...
OpenMind, Robostore launch academic training program for humanoid robots
OpenMind, the developer of an open artificial intelligence operating system for robotics, and RoboStore LLC, a distributor of advanced intelligent robotics platforms, announced the launch of an educational curriculum for humanoid robots. Only a few years ago, humanoid robots cost more than $100,000 to build and deploy. At the time, they were more for presentation ...
Google unleashes Ironwood TPUs, new Axion instances as AI inference demand surges
Google LLC today announced it’s bringing its custom Ironwood chips online for cloud customers, unleashing tensor processing units that can scale up to 9,216 chips in a single pod to become the company’s most powerful AI accelerator architecture to date. The new chips will be available to customers in the coming weeks, alongside new Arm-based ...
Crypto giant Ripple lands $500M at a $40B valuation
Ripple Labs Inc., a leading financial technology company offering cryptocurrency solutions for businesses, today announced it has raised $500 million in new funding at a $40 billion valuation. Institutional investors Fortress Investment Group and affiliates of Citadel Securities led the round, with participation from Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The company ...