SiliconANGLE

Dutch chip manufacturing quality control startup Nearfield Instruments raises €135M

Mike Wheatley — Fri, 19 Jul 2024 01:17:55 +0000

Semiconductor manufacturing gear startup Nearfield Instruments B.V. said today it has closed on €135 million ($147.6 million) in new funding to accelerate the growth of its novel process control systems for the chipmaking industry. Today’s Series C round was led by the U.S. venture capital firm Walden Catalyst and Singapore-based Temasek. M&G Investment, Innovation Industries, […]

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Report: Collaboration software firm Smartsheet discussing potential buyout with private equity

Mike Wheatley — Thu, 18 Jul 2024 23:45:53 +0000

Enterprise work management and collaboration software firm Smartsheet Inc. is holding talks with U.S. investment bankers after attracting interest from private equity firms exploring the possibility of a buyout, Reuters reported today. The Bellevue, Washington-based company, which has a market capitalization of $6.6 billion, is reportedly working with Qatalyst Partners to review the approaches of […]

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OpenAI reportedly holding talks with Broadcom and others to develop new AI server chip

Duncan Riley — Thu, 18 Jul 2024 23:20:24 +0000

OpenAI is reportedly talking with chip designers, including Broadcom Inc., about developing a new artificial intelligence chip for servers. The Information reported that the initiative is being led by OpenAI Chief Executive Officer Sam Altman and is part of a larger plan to increase the company’s computing power for AI development. The idea of developing new […]

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OpenAI, Nvidia, Google and others launch AI cybersecurity consortium

Maria Deutscher — Thu, 18 Jul 2024 22:47:30 +0000

More than a dozen tech firms have teamed up to launch an industry group dedicated to making artificial intelligence applications more secure. The Coalition for Secure AI, or CoSAI, was announced today at the Aspen Security Forum. It will operate under the wing of OASIS, a nonprofit that oversees the development of several dozen open-source […]

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Meta reportedly in talks to acquire minority stake in eyewear maker EssilorLuxottica

Duncan Riley — Thu, 18 Jul 2024 22:39:54 +0000

Meta Platforms Inc., the parent company of services including Facebook, Instagram and WhatsApp, is reportedly in talks to acquire a minority stake in EssilorLuxottica SA, the world’s largest eyewear maker. According to The Wall Street Journal, Meta has been holding talks with the eyewear maker to acquire a stake of about 5% of the company, valued […]

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From data governance to AI: theCUBE analysts discuss challenges and solutions in data management

Chad Wilson — Thu, 18 Jul 2024 22:00:40 +0000

The rise of sophisticated data management solutions is transforming the role of chief data officers as businesses navigate a landscape increasingly dominated by artificial intelligence and complex data governance challenges. Despite the rapid advancement of technology, fundamental issues such as data accessibility, security and organizational processes remain persistent hurdles. As companies strive to address these […]

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Unified metadata models pave the way for advanced data governance

Chad Wilson — Thu, 18 Jul 2024 21:30:24 +0000

Unified metadata models are emerging as a cornerstone in the changing landscape of data management, highlighting the critical need for integrated frameworks that ensure data accessibility, security and value creation. As businesses increasingly leverage artificial intelligence and interconnected data systems, the focus is shifting toward avoiding infrastructure pitfalls and achieving seamless data integration. This shift […]

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TSMC tops quarterly expectations with 40% revenue growth

Maria Deutscher — Thu, 18 Jul 2024 21:10:38 +0000

Strong demand for artificial intelligence chips helped Taiwan Semiconductor Manufacturing Co. grow its revenue by 40% year-over-year in the second quarter. The company today reported sales of 673.51 billion New Taiwan dollars, or $20.82 billion, for the three months ended June 30. That’s up from NT$480.84 billion a year earlier. TSMC exceeded the consensus revenue […]

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Thoughts on CDO role evolution amid an evolving landscape of AI

Ryan Stevens — Thu, 18 Jul 2024 21:00:37 +0000

Generative artificial intelligence has upended every responsibility in the technology world and is making a big impact on chief data officer role evolution. Where the first chief data officers were just involved in areas such as data quality, they’re now embracing AI. Some might yearn for a world in which one executive is tasked with data […]

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The role of governance in strategic data management and AI integration

Chad Wilson — Thu, 18 Jul 2024 20:31:55 +0000

Strategic data management is becoming increasingly critical as organizations navigate the complexities of today’s technological advancements. With the integration of AI technologies emerging as a pivotal factor for success, businesses are urged to adopt a strategic approach that focuses on solving specific problems with targeted data. Emphasizing incremental improvements and strong governance, this approach ensures […]

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IRS implements AI, improving the taxpayer experience, thanks to funding boost

Devony Hof — Thu, 18 Jul 2024 19:43:49 +0000

Many people find their yearly taxes to be an onerous task but with the aid of artificial intelligence and increased funding, the Internal Revenue Service is looking to improve the IRS user experience for its taxpayers. The IRS has long valued data science and analytics as an integral part of its operations, according to Melanie […]

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Gartner revises server spending forecast sharply upward as generative AI effect kicks in

Paul Gillin — Thu, 18 Jul 2024 19:26:11 +0000

Gartner Inc.’s latest worldwide information technology spending forecast predicts a 24.1% jump in spending on data center systems, more than double the 10% growth expected just three months ago and six times the actual growth of 4% last year — thanks to generative artificial intelligence. That’s according to John-David Lovelock (pictured), a distinguished vice president […]

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Cloudera’s true hybrid model provides foundation for building AI use cases

Mark Albertson — Thu, 18 Jul 2024 19:14:04 +0000

With more than 25 exabytes of data under management, Cloudera Inc. has staked out its position as a central player in the delivery of enterprise artificial intelligence, automation and advanced analytics. The company’s approach is what it calls a true hybrid model, a solution that provides the foundation for building and deploying AI applications. “True hybrid … […]

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OpenAI, Mistral AI debut new cost-efficient language models

Maria Deutscher — Thu, 18 Jul 2024 19:10:41 +0000

OpenAI and Mistral AI today introduced new language models for powering applications that must balance output quality with cost-efficiency. OpenAI’s new model, GPT-4o mini, is a scaled-down version of its flagship GPT-4o large language model. Mistral AI, in turn, debuted an algorithm dubbed Mistral NeMo 12B that was developed in collaboration with Nvidia Corp. engineers. […]

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Juniper Networks unveils Ops4AI Lab and designs to help customers fast-track AI deployments

Zeus Kerravala — Thu, 18 Jul 2024 18:45:54 +0000

There has been plenty of hype and ballyhoo around artificial intelligence and networking, but much of the vendor focus has been AI for networking, where AI is used to improve network operations. The other side of the AI coin is networking for AI, where a network must be designed and provisioned to support an AI […]

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From back office to boardroom: Chief data officers lead the charge in data-driven transformation

Chad Wilson — Thu, 18 Jul 2024 18:36:42 +0000

The chief data officer is increasingly taking center stage in the fast-paced realm of data management and artificial intelligence. The CDO role has evolved from behind-the-scenes functions to key leadership positions, driving crucial data initiatives and ensuring top-notch data quality for informed decision-making. As AI becomes more embedded in business processes, the need for high-quality […]

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Enterprise blockchain data platform Allium raises $16.5M led by Theory Ventures

Kyt Dotson — Thu, 18 Jul 2024 18:10:27 +0000

Allium Inc., a blockchain data delivery platform for the enterprise, today announced it has raised $16.5 million in early-stage funding led by Theory Ventures to scale out its infrastructure and offer ways for more financial institutions to embrace digital assets. Existing investors Kleiner Perkins and Amplify Partners also participated in the Series A funding round, […]

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Grammarly’s new enterprise features put gen AI comms at users’ fingertips

Victoria Gayton — Thu, 18 Jul 2024 17:02:46 +0000

Amid the growing demand for gen AI — and the concerns that have also arisen in its wake — Grammarly Inc. has introduced a new suite of enterprise features to simplify the deployment of generative AI comms tools. The company aims to ensure that cross-enterprise integration of AI-powered comms assistance is as efficient as it […]

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Indian crypto exchange WazirX falls victim to $235M security breach

Kyt Dotson — Thu, 18 Jul 2024 15:30:37 +0000

Mumbai, India-based crypto exchange WazirX relayed today that it suffered a security breach early this morning that led to about $235 million in cryptocurrency being stolen after one of its Ethereum wallets was compromised. The news surfaced after Web3 security firm Cyvers noted suspicious transactions had moved $234.9 million in funds from the exchange’s wallet […]

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Healthcare revenue collection startup Thoughtful AI raises $20M in early-stage funding

Mike Wheatley — Thu, 18 Jul 2024 13:00:28 +0000

Healthcare industry-focused revenue cycle management startup Thoughtful Automation Inc. said today it’s ready to accelerate its business after closing on a $20 million early-stage funding round. Today’s Series A round was led by Nick Solaro of Drive Capital and saw the participation of existing investor TriplePoint Capital. It brings the startup’s total amount raised to […]

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Protect AI warns of increasing security risks in open-source AI and ML tools

Duncan Riley — Thu, 18 Jul 2024 13:00:20 +0000

A new report released today by Protect AI Inc. is sounding an alarm over increasing security vulnerabilities in popular open-source artificial intelligence and machine learning tools, with 20 critical flaws found across various large language models. Found through Protect AI’s AI/ML “huntr” bug bounty program, which has over 15,000 community members, the vulnerabilities include significant […]

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Real-time data infrastructure startup Momento raises $15M

Kyt Dotson — Thu, 18 Jul 2024 12:00:50 +0000

Momento Inc., a real-time data platform that aims to help developers serve massive-scale audiences reliably, today announced it has raised $15 million in an early-stage round led by Bain Capital Ventures to build out its infrastructure capabilities. Returning investor The General Partnership also joined the Series A round alongside additional angel investors, including former Intuit […]

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Chip stocks suffer biggest single-day loss on threat of tougher restrictions on Chinese exports

Mike Wheatley — Thu, 18 Jul 2024 02:15:35 +0000

The Philadelphia Semiconductor Index saw more than $500 billion in value wiped out from its stocks today, posting its worst single-day performance since 2020. The fall came after a Bloomberg report said the United States government is considering introducing tighter restrictions on the sale of computer chipmaking technologies to China. Shareholders’ fears were worsened when the […]

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Co-founders of Andreessen Horowitz give full support to Trump campaign

James Farrell — Thu, 18 Jul 2024 01:26:48 +0000

Billionaires Marc Andreessen and Ben Horowitz, co-founders of Silicon Valley’s largest venture capital firm, have announced their support for Donald Trump’s reelection bid, stating they will make hefty donations to his campaign. “The future of our business, the future of new technology, and the future of America is literally at stake,” Horowitz (pictured) said during […]

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Figma confirms undisclosed funding round that brings its value to $12.5B

Mike Wheatley — Thu, 18 Jul 2024 00:13:29 +0000

Collaborative design software startup Figma Inc. today confirmed it has closed on a significant funding round led by a group of investors including Coatue Management, Alkeon Capital Management and General Catalyst Partners. The size of the deal was not disclosed, but Bloomberg reported that it values the company at $12.5 billion. The report cites people with […]

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OpenAI researchers pit two AI models against each other in a game of deception to improve AI explainability

Mike Wheatley — Wed, 17 Jul 2024 23:42:27 +0000

OpenAI today published a research paper that outlines a new way to improve the clarity and explainability of responses from generative artificial intelligence models. The approach is designed to improve confidence in AI systems so they can be relied upon in the most critical use cases where accuracy is paramount. The method involves pitting two models […]

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15M email addresses stolen from Atlassian’s Trello shared on hacking forum

Duncan Riley — Wed, 17 Jul 2024 22:54:07 +0000

Atlassian Corp.-owned list-making application Trello has suffered a data breach with names and emails of over 15 million users shared on BreachForums. Bleeping Computer reports that the data related to a breach that first came to light in January when a threat actor known as “emo” first offered the Trello user profiles for sale. While […]

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Retirement startup Human Interest valued at $1.33B in new $267M financing round

Maria Deutscher — Wed, 17 Jul 2024 22:51:09 +0000

Human Interest Inc., a startup that helps employees at small and medium-sized businesses save for retirement, has raised $267 million in fresh financing. The company announced the investment today. It detailed that the deal included debt financing as well as an equity funding round led by Baillie Gifford and Marshall Wace, one of the world’s […]

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Nvidia joins $80M funding round for Israeli AI disease model company CytoReason

Duncan Riley — Wed, 17 Jul 2024 22:19:23 +0000

Israeli artificial intelligence disease model company CytoReason Ltd. today said it has raised $80 million in new funding in a round that included Nvidia Corp. to expand the application of its models, grow its molecular and clinical data, and establish an office in the U.S. later this year. Founded in 2016, CytoReason develops AI-driven disease models […]

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AI pioneer Fei-Fei Li reportedly raises $100M for new spatial intelligence startup

Maria Deutscher — Wed, 17 Jul 2024 21:13:31 +0000

World Labs, a new startup founded by prominent artificial intelligence researcher Fei-Fei Li, has reportedly raised about $100 million in funding. The Financial Times reported the investment today. According to the paper’s sources, World Labs raised the capital over two funding rounds, the most recent of which valued the company at more than $1 billion. […]

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