Kyt Dotson
Latest from Kyt Dotson
Kore.ai rakes in $150M to build generative AI tools for global brands
Enterprise generative artificial intelligence platform developer Kore.ai Inc. today announced it has secured $150 million in strategic growth investment funding led by FTV Capital to accelerate market expansion for its chatbot builder technology. Kore.ai targets enterprise customers and global brands in need of AI tools such as chatbots and workflow tools . It offers an enterprise-grade no-code ...
Portal raises $34M for secure decentralized bitcoin exchange
Portal, a financial technology startup building a bitcoin-based cross-chain decentralized exchange and wallet, today launched with $34 million from a seed funding round to build out its cryptocurrency products and services. According to the company’s announcement, investors participating in the round included notable crypto venture capital firms such as Coinbase Ventures, Arrington Capital, OKX Ventures and ...
AR glasses maker Xreal raises $60M to expand production
Xreal Inc., the Chinese maker of augmented reality glasses, today announced it has raised $60 million in a confidential strategic funding round to expand its consumer line of wearable AR devices. The company said that it would use the new funding to scale up its manufacturing capabilities, research and development aimed at bringing affordable AR ...
Amazon ends $1.7B acquisition deal for iRobot amid regulatory issues
Amazon.com Inc. announced today that it has called off its planned acquisition of robot vacuum Roomba maker iRobot Corp. after the deal faced increased attention from regulatory agencies in the United States and the European Union. Both companies released a joint statement noting that the deal signed in August 2022, which would have seen iRobot acquired by Amazon ...
Samsung Galaxy S24 receives Baidu Ernie AI chatbot integration in China
As Samsung’s Galaxy S24 smartphone lineup launches in China it will feature the Ernie artificial intelligence chatbot from Chinese search giant Baidu Inc., allowing the devices to translate calls in real-time, summarize and power other AI features on the device. CNBC reported that Baidu Cloud and Samsung Electronics Co. Ltd. announced a partnership today that will put ...
TeamViewer partners with AR headset maker Almer for industrial remote support
Remote assistance firm TeamViewer AG said today that it has struck a strategic partnership with Almer Technologies AG, a startup that makes augmented reality headsets for industrial and remote workers. TeamViewer offers support for workers in the field by providing a way for remote assistance agents to view what they are working on through cameras held by technicians. ...
Microsoft lays off 1,900 Activision Blizzard and Xbox employees
Microsoft Corp. is laying off 1,900 workers, or about 9% of its gaming division’s 22,000 headcount, according to a memo obtained by The Verge. A majority of those affected will come from Activision Blizzard Inc., but cuts will also cross other portions of Microsoft Gaming including Xbox and ZeniMax Media Inc. Microsoft Gaming Chief Executive ...
NSF launches AI research hub to broaden access to infrastructure and education
The National Science Foundation today announced the launch of a new artificial intelligence infrastructure pilot program that will help provide access to advanced computing resources to more researchers and schools across the United States. The NSF launched the National Artificial Intelligence Research Resource program as a step toward helping realize a vision of opening up AI technologies ...
Bluewhite robots-as-a-service farm equipment company raises $39M
Bluewhite Robotics Ltd., an Israeli company that builds autonomous robotics equipment for farmers, today announced it has raised $39 million in new funding its agricultural solution to help growers reduce their workloads. The company said today that it completed a Series C financing round led by Insight Partners, with participation from new investors Alumni Ventures ...
Open-source vector database Qdrant raises $28M
Qdrant, the developer of a high-performance, open-source vector database, today announced it has raised $28 million in early-stage funding led by Spark Capital enhance its offering for generative artificial intelligence use cases. Existing investors, Unusual Ventures and 42CAP also participated in the company’s Series A funding round. The fundraise follows Qdrant’s $9.8 million seed funding ...