Mike Wheatley
Latest from Mike Wheatley
Intel launches new program to accelerate development of apps for AI PCs
Intel Corp. is pushing for more developers to start coding for the next generation of “AI PCs,” launching a new AI Acceleration program for developers, it said today. The chipmaker first delivered its AI personal computers, which are PCs customized to run artificial intelligence workloads locally, last December when it launched its new Core Ultra chip ...
Activeloop raises $11M to grow its specialized tensor database for AI training and inference
Activeloop, creator of a database platform that’s designed to cater specifically to artificial intelligence workloads, said today it has closed on an $11 million early-stage funding round, bringing its total amount raised to about $20 million. Today’s Series A round was led by Streamlined Ventures and saw participation from Y Combinator, Samsung Next, Alumni Ventures ...
Bedrock Security raises $10M to enhance big-data security with AI-based reasoning
Bedrock Labs Inc., a data security startup that likes to be known simply as Bedrock Security, said today it has closed on a $10 million seed funding round led by Greylock. The round came as the company announced the launch of its “frictionless data security” platform that’s said to help companies by continuously discovering, managing ...
OpenPipe raises $6.7M to help developers fine-tune lightweight but powerful LLMs
A generative artificial intelligence startup called OpenPipe Inc. is hoping to make the power of large language models more accessible after closing on a $6.7 million seed funding round. Today’s round was led by Costanoa Ventures and saw participation from Y Combinator and angel investors, such as Logan Kilpatrick, the former head of developer relations ...
Updated: Dell reduces its global workforce by 13,000 jobs
Enterprise technology company Dell Technologies Inc. revealed in a filing today that it has slashed its workforce by about 13,000 employees, as part of a broader cost-cutting initiative that also included putting limits on external hiring. According to Reuters, Dell’s global workforce stood at approximately 120,000 employees as of Feb 2, 2024, down from about ...
AI decision-making startup RealSage raises $4M to transform real estate asset management
RealSage, creator of a decision-making engine for real estate asset managers, said today it’s ready to transform the real estate industry after closing on a $4 million seed funding round. Today’s investment was led by York IE, a venture capital firm that specializes in software-as-a-service startups. The round also saw contributions from Karman Ventures, Stellifi ...
Five9’s new GenAI Studio simplifies generative AI model customization for contact centers
Call center software company Five9 Inc. said today it wants to help customers adopt superior generative artificial intelligence models with its new GenAI Studio product. The new offering will launch in the second half of the year, making it easier for customers to take off-the-shelf generative AI models such as OpenAI’s GPT-4 and customize them ...
ANALYSIS
Emad Mostaque resigns as CEO of troubled generative AI startup Stability AI
Stability AI Ltd.’s colorful co-founder and Chief Executive Emad Mostaque has resigned, heaping yet more pressure on the troubled British artificial intelligence startup that has recently been hit with a wave of executive departures and money troubles. Mostaque (pictured) will be replaced by Stability AI Chief Operating Officer Shan Shan Wong and Chief Technology Officer ...
Qualcomm’s new Snapdragon 7+ Gen 3 chip brings generative AI to midrange smartphones
Smartphone chipmaker Qualcomm Inc. said today it’s bringing powerful generative artificial intelligence capabilities to midrange handsets with the launch of its latest chipset, the Snapdragon 7+ Gen 3. The new silicon provides support for generative AI models such as Llama 2, Gemini Nano and Baichuan-7B, meaning the smartphones that run it will be able to power ...
Nvidia’s latest generative AI model LATTE3D can create 3D images and shapes in seconds
Researchers at Nvidia Corp. closed out this year’s GTC 2024 conference today by unveiling a new, more powerful text-to-3D generative artificial intelligence model. It’s called LATTE3D, and it works by transforming text-based prompts into realistic, 3D representations of objects and animals in a matter of seconds. The generated shapes are created in a popular format ...
