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Dublin-based AccountsIQ bags $65M to bring more AI-powered products to accountants
Dublin-based cloud accounting platform AccountsIQ announced today it has secured €60 million ($65 million) in Series C funding led by Axiom Equity to fuel the expansion of artificial intelligence-powered products so its customers can take advantage of the growing suite of tools. Launched in 2008, AccountsIQ provides a cloud-based financial management software designed to help the ...
Fastly releases global cloud AI accelerator to help developers reduce costs and boost performance
Global edge cloud platform Fastly Inc. today announced the launch of its artificial intelligence accelerator, a solution that will help developers build AI apps with lower latency to users, higher performance and reduced costs. The AI Accelerator works by reducing application programming interface calls and bills using intelligent, semantic caching. It sits between the developer’s ...
Stability AI releases SD3 Medium, its ‘most advanced’ text-to-image generating AI model yet
Generative artificial intelligence startup Stability AI Ltd. today announced the release of what the company called its “most advanced” text-to-image open-source AI model within its Stable Diffusion 3 series, called Stable Diffusion 3 Medium. The new AI model is built on 2 billion parameters. It supports features such as photorealistic image production that overcomes common artifacts in ...
AlphaSense raises $650M at $4B valuation, agrees to acquire rival Tegus in $930M deal
Market intelligence platform AlphaSense Inc. said today it has raised $650 million in funding, bolstering its valuation to $4 billion, and agreed to buy rival firm Tegus Ltd. in a deal valued at $930 million. The funding round follows a $150 million raise in September 2023 that valued the company at $2.5 billion. The current fundraise was co-led ...
French open-source AI model startup Mistral AI raises $640M at $6B valuation
Mistral AI, a Paris-based artificial intelligence startup, today announced that it has raised €600 million ($640 million) in new funding at a valuation of $6 billion in a round led by General Catalyst. The funds come from a Series B round after reports last month that the company was seeking $600 million at around a ...
Timescale unveils high-performance AI vector database extensions for PostgreSQL
Timescale Inc., a PostgreSQL cloud database company, today announced the release of two new open-source extensions that significantly enhance its scalability and ease of use for artificial intelligence applications when retrieving data from vector databases. The new extensions, pgvectorscale and pgai, bring to bear the ability to use PostgreSQL, an open-source relational database for vector ...
Apple unveils generative AI ‘Apple Intelligence’ coming to iPhone and Mac
Apple Inc. today unveiled its long-awaited artificial intelligence strategy at its Worldwide Developer Conference with its “Apple Intelligence” technology that will be integrated deeply into all its devices and apps, including its AI assistant Siri. The company also announced a partnership with OpenAI to bring ChatGPT to its devices, including access to GPT-4o, the generative AI company’s ...
At WWDC, Apple announces macOS Sequoia, iOS 18 and VisionOS 2
Apple Inc. revealed several previews of its upcoming software updates today during its Worldwide Developer Conference, including new features coming in its next-generation macOS Sequoia, iOS 18, iPadOS 18 and VisionOS, the company’s mixed-reality operating system. The updates to macOS, iOS and iPadOS will roll out with a new feature called Apple Intelligence, a generative ...
AppSec platform Backslash unveils enterprise-grade security updates for its ‘reachability’ tools
Israeli application security startup Backslash Security Inc. today announced a large number of updates to its platform that will enhance “reachability,” or attackability, analysis and security for the enterprise across the full application development lifecycle. New features include on-premises integrations, security team workflow integrations and automation features, continuous integration and deployment features for DevOps teams ...
Robinhood agrees to acquire crypto exchange Bitstamp in global expansion effort
Online stockbroker and trading Robinhood Markets Inc. said today that it has agreed to acquire Bitstamp Ltd., a cryptocurrency exchange with global reach, in an effort to deepen the company’s crypto offerings and expand its customer base outside the United States. According to the agreement, Bitstamp will be sold to Robinhood in a $200 million ...