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CuspAI raises $100M to build AI ‘search engine’ to transform materials science
Cambridge-based CuspAI, an artificial intelligence company developing a platform to revolutionize how the world discovers and develops new materials, said today it has raised $100 million in an early-stage funding round. The Series A round was co-led by U.S. fund New Enterprise Associates and Temasek, with participation from Nvidia Corp.’s venture capital arm NVentures, Samsung ...
Quantum computing startup PsiQuantum raises $1B, aiming to build 1M-qubit-scale machine
PsiQuantum Inc., a well-funded quantum computing startup, said today it has raised $1 billion in late-stage funding to accelerate its efforts to build a large-scale, reliable quantum computer with more than a million qubits. The Series E deal was led by BlackRock Inc., alongside Temasek and Baillie Gifford. The fundraise brings the valuation of the ...
Apple introduces iPhone 17, Watch 11 and new AirPods Pro 3
Apple Inc. today introduced a new lineup of iPhone 17, including an ultra-thin model, new AirPods Pro and its next generation of Apple Watch. In addition to the devices introduced at the company’s “Awe Dropping” event, Apple also introduced the A19 and A19 Pro custom silicon. The new chips will power the family of iPhone ...
Mistral AI raises $2B led by semiconductor equipment maker ASML at $14B valuation
French artificial intelligence leader Mistral AI today announced it has raised €1.7 billion, about $2 billion, in a Series C funding round led by Dutch semiconductor equipment manufacturer ASML Holding NV. The round more than doubles Mistral’s $6 billion valuation, which it achieved during a $640 million round led by General Catalyst last year, to ...
DataCrunch raises $64M to build European-based AI hyperscaler using green energy
Helsinki, Finland-based DataCrunch Oy, a provider of high-performance artificial intelligence infrastructure, said today it has raised €55 million, about $64 million, in early funding to scale its compute platform in an ambitious bid to become Europe’s first AI cloud hyperscaler. The Series A round was led by byFounders, Skaala, Varma pension fund and Tesi, with additional ...
Vidu launches AI image generation update with reference-to-image for creating imaginative realism
Vidu, the flagship artificial intelligence product of Chinese firm ShengShu Technology, released a new update to its platform today that’s intended to “reinvent photography” by allowing users to upload multiple image references and have an AI model compose them into vivid, highly consistent generated pictures. Best known for its generative AI video platform and foundation ...
D-Matrix introduces AI network accelerator card for ultra-low-latency inference
Artificial intelligence computing infrastructure startup d-Matrix Corp. today unveiled a custom network card named JetStream designed from the ground up to support high-speed, ultra-low-latency AI inference for data centers. As the adoption of generative AI increases, particularly with larger and more complex models that can reason and produce multimodal content, data centers are increasingly distributing ...
Visa introduces new tools for developers building AI agents engaged in commerce
Visa Inc. announced today its continued expansion into what the company calls “agentic commerce” with enhancements to its Visa Intelligent Commerce platform, an artificial-intelligence-based payments solution that allows AI agents to shop and make purchases. Visa introduced the Intelligence Commerce platform in late April, providing developers with application programming interface resources for AI platforms and ...
Quantum computing firm Quantinuum raises $600M at a $10B pre-money valuation
Quantinuum Ltd., an integrated quantum computing company majority-owned by Honeywell International Inc., announced today it has raised $600 million in equity capital to advance and scale up its cutting-edge trapped-ion quantum computer technology stack. The raise brings the firm to $10 billion in pre-money valuation, doubling its valuation after a previous $300 million round in early ...
Ketryx raises $39M to help medical device makers ship safer products faster
Ketryx Corp., a company transforming product lifecycle development and compliance for medical device makers with artificial intelligence, today announced it has raised $39 million in a Series B funding round led by Transformation Capital. The round brings Ketryx’s total funding to more than $55 million, with participation from existing investors that include Lightspeed Venture Partners, ...