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Metaverse platform Infinite Reality raises $350M at $5.1B valuation and acquires Landvault
Metaverse platform Infinite Reality Inc., a company that builds and powers virtual reality e-commerce and immersive digital media experiences, today announced it has raised $350 million in a funding deal that elevated the company’s valuation to $5.1 billion. Infinite Reality also announced the acquisition of Landvault, a technology company and studio that specializes in building ...
Immunefi and Ethereum Foundation partner on crowdsourced network audit to boost blockchain security
Blockchain bug bounty platform Immunefi and the Ethereum Foundation today announced a partnership to launch a large-scale crowdsourced collaborative network audit of the Ethereum blockchain protocol called an “Attackathon.” The Attackathon is aiming to be the largest-scale crowdsourced security audit contest conducted on the code of the Ethereum blockchain protocol. Ethereum is a decentralized, open-source ...
South Korea launches cryptocurrency monitoring system to fight market manipulation
South Korea’s financial watchdog, the Financial Supervisory Service, on Thursday unveiled a national 24-hour surveillance network designed to track and trace cryptocurrency transactions with local exchanges to combat crypto market manipulation and fraud. The system’s launch will come in tandem with new crypto investor regulations that go into effect on July 19. The new law, the Digital ...
Alphabet shuts down agricultural AI robot startup Mineral, licenses part to Driscoll’s
Google LLC parent Alphabet Inc. is shutting down its moonshot technology agricultural artificial intelligence robot startup Mineral today and licensing some of its assets to berry producer Driscoll’s Inc. Mineral launched as a division of Alphabet’s moonshot technology lab, X, in 2020 with the vision that it would use AI and robotic “buggies” to analyze ...
Blockchain oracle RedStone raises $15M to bring outside data into networks
RedStone Oracles, a modular solution that connects blockchain networks to external data, announced Tuesday that it has raised $15 million in early-stage funding led by Arrington Capital to expand its service. The company’s Series A round included participation from SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian ...
Open-source AI platform Sentient raises $85M co-led by Peter Thiel’s Founder’s Fund
San Francisco-based open-source artificial intelligence development platform Sentient today announced that it has raised $85 million in a seed funding round to topple the dominance of centralized AI model development in the industry. Peter Thiel’s Founders Fund, Pantera Capital and Framework Ventures co-led the colossal funding round. Other investors participating in the round included Ethereal ...
Qdrant launches pure vector-based hybrid search for more accurate AI data retrieval
High-performance open-source vector database Qdrant today announced the launch of BM42, a new pure vector-based hybrid search approach for modern artificial intelligence and retrieval-augmented generation applications. The new algorithm marks a new generation of text-based keyword search capabilities for RAG and AI applications, which allows enterprise customers to combine the best of both worlds. It ...
Blockchain security startup Mamori raises $5M to use machine learning to detect exploits
Blockchain security startup Mamori today announced it has secured $5 million in seed funding for its platform that uses machine learning to detect and remediate exploits. The round was led by Blockchain Capital. Velocity Capital and Web3.com also participated in the round, the company said, along with angel investors Grigore Rosu, Daniel Lubarov, Alex Watts, ...
Baidu unveils Ernie 4.0 Turbo in a ‘significant upgrade’ to its AI chatbot
Chinese search giant Baidu Inc. today unveiled an upgraded version of its artificial intelligence model named Ernie 4.0 Turbo and stated that the generative AI chatbot has reached 300 million users to date. The company released the model to maintain its position in the competitive Chinese AI market as a significant upgrade to the Ernie ...
Google uses AI to bring 110 new languages to Translate
Google LLC said today that it’s bringing 110 new languages to its web and smartphone translation app using the power of artificial intelligence, making it more comprehensive than ever with 243 languages in total. This is the largest expansion to date for Google Translate since 2022, when the company brought 24 new languages to the ...