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Varjo unveils ‘Teleport,’ a service that lets smartphones turn real-world places into VR scenes
Finland-based virtual reality firm Varjo Technology Oy today unveiled Teleport, a brand-new service that will allow users to create 3D environments for spatial computing applications such as virtual reality using only their smartphones. Until now, virtual and mixed reality experiences were cumbersome and difficult to get into VR. Much of building for VR content has ...
D-Wave announces new hybrid quantum solver for commercial applications supporting 2M variables
Quantum computing systems maker D-Wave Quantum Inc. today announced the launch of a new commercial hybrid quantum computing system that can solve problems for practical commercial applications by supporting 2 million variables and constraints, double the number of its previous solutions. The announcement, which took place at the company’s Qubits 2024 user conference, revealed that its new ...
Near Foundation launches Nuffle Labs with $13M to advance modular blockchain infrastructure
Near Foundation, the steward of the scalable and performant blockchain Near Protocol, said today it’s spinning out its modular product suite into Nuffle Labs and raised $13 million in external funding for the new company. The new funding included a $7 million strategic grant from the Near Foundation itself to the newly formed company alongside $6 ...
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 ...