AI data center provider Lambda announced Tuesday it raised $1.5 billion in a round led by TWG Global, a relatively new $40 billion investment firm formed by billionaires Thomas Tull, the former owner of Legendary Entertainment, and Guggenheim Partners founder and CEO Mark Walter. Read...
Read MoreThree of the biggest companies in artificial intelligence said Tuesday they formed a partnership featuring tens of billions of dollars in spending, adding to an investment spree that is aimed at supercharging AI model development. Read...
Read MoreUS chip startup Groq, which designs processors for artificial intelligence (AI) inferencing, is expanding its infrastructure in Australia with a new deployment in Equinix’s data centre in Sydney. The new location will provide low-latency services for customers in Australia and across the Asia-Pacific region. Read more...
Read MoreThis startup has developed an AI copilot for mechanical engineers. At the heart of the innovation is a Large Mechanical Model (LMM), a patented AI system that understands real CAD data. It’s designed to transform “the entire product design process into an AI-centric one, where Leo serves as a natural extension of the engineer’s mind,” noted Leo AI Co-Found and CEO Maor Farid. Watch...
Read MoreIn early 2022, the meal delivery company I founded, Tovala, went out to raise $100mm from venture capitalists. Our business could not have been hotter. We’d crossed $110mm of revenue, growing over 100% YoY. We had retention that was 3–4 times better than other meal delivery services. We had low awareness, lots of room for product innovation, and a seemingly clear path to an IPO. Read...
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