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Getty announces plans to merge with Shutterstock in $3.7B deal
Visual media giants Getty Images Holdings Inc. and Shutterstock Inc. today announced a deal to merge into a single visual content company with a value of about $3.7 billion. The combined company will retain the Getty Images name and offer a content library that merges the portfolios of both firms including imagery, video, music, 3D ...
Nvidia launches new AI development tools for autonomous robots and vehicles
Nvidia Corp. today announced the launch of new tools that will advance the development of physical artificial intelligence models, such as models that power self-driving cars, warehouse and humanoid robots. World foundation models, or WFMs, assist engineers and developers by generating and simulating virtual worlds as well as their physical interactions so that robots can ...
Digital Edge raises $1.6B to fund Asian data center expansion
Digital Edge Holdings Pte Ltd., a hyperscale data center developer and operator backed by private equity firm Stonepeak Infrastructure Partners, today announced it has secured over $1.6 billion to fund an expansion across Asia. The company said the capital will include about $640 million of equity from existing and new investors and included $1 billion ...
Rembrand raises $23M for AI-powered product placement in videos
Artificial intelligence media company Rembrand, which uses AI-powered technology to place virtual objects in video content for brand marketing, said today it has raised $23 million in new funding to expand from social media into connected TV formats. The Series A funding round was led by super{set} with participation from The Trade Desk and Naver ...
Axonator launches no-code platform to help businesses create custom apps
Axonator Inc., the developer of a platform that allows companies to build custom mobile applications for automating workflows, today announced it has launched what it calls a “DIY” platform for nontechnical users to create apps. The company said the no-code platform includes a user-friendly, intuitive drag-and-drop builder allowing businesses to create their own mobile apps, ...
AI-powered mineral exploration company KoBold Metals raises $527M
KoBold Metals, a Berkeley, California-based startup that specializes in using artificial intelligence to discover new deposits of metals critical for batteries and renewable energy, said today it has raised $527 million in equity funding. The Series C funding round was co-led by existing investor T Rowe Price and joined by Durable Capital Partners. Other existing ...
Qolab raises $16M to advance practical superconducting quantum computing
Qolab Inc., a quantum computing company, said on Monday it has raised more than $16 million in early-stage funding in what the company says is a significant step in its mission to develop utility-scale quantum computing technology. The company raised the funds in a Series A round led by Octave Ventures with participation from the ...
Samsung invests $180M+ in Rainbow Robotics to become largest shareholder
Samsung Electronics Co. Ltd. announced today that it will become the largest shareholder in Rainbow Robotics Inc., a South Korean robot maker, by increasing its stake in the company to 35% by spending more than 267 billion won, or about $181 billion. Samsung said it planned to use its investment in Rainbow Robotics to strengthen its ...
China’s AgiBot releases large-scale humanoid robot AI dataset for everyday activities
AgiBot, or Zhiyuan Robotics, a Chinese robotics firm aimed at building and innovating humanoid robotics today announced it’s releasing what it says is the largest robotic learning dataset for advancing artificial intelligence foundation models for human-like activities. Founded in 2023 by Peng Zhihui, the Shanghai-based startup competes with Tesla Inc. and Boston Dynamics Inc. in ...
Nodepay raises $7M to grow decentralized AI infrastructure
Nodepay, a decentralized artificial intelligence platform that pays people for unused internet bandwidth by turning it into real-time data pipelines for training, announced today it has raised new funding, bringing its total to $7 million. Today’s funding round brought in new strategic investors, including IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital and Funders.VC. They ...