Enterprise

Coding assistant Cursor raises $2.3bn five months after its previous round

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Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved […]

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Data centers now attract more investment than than finding new oil supplies

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If there’s any question about whether data centers are driving the global economy, a new report from the International Energy Agency should dispel any doubts. This year, the world will spend $580 billion on data centers, $40 billion more than it will spend on new oil supplies. “This point of comparison provides a telling marker

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Data centers now attract more investment than finding new oil supplies

Enterprise /

If there’s any question about whether data centers are driving the global economy, a new report from the International Energy Agency should dispel any doubts. This year, the world will spend $580 billion on data centers, $40 billion more than it will spend on new oil supplies. “This point of comparison provides a telling marker

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AI data startup WisdomAI has raised another $50M, led by Kleiner, Nvidia 

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WisdomAI, the new AI data analytics startup from Rubrik co-founder Soham Mazumdar, has landed a fresh $50 million Series A led by Kleiner Perkins with participation from new investor NVentures (Nvidia’s venture capital arm).   This round comes roughly six months after the startup announced a seed round of $23 million led by Coatue.  WisdomAI offers

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Lambda inks multi-billion-dollar AI infrastructure deal with Microsoft

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Cloud-computing company Lambda deepened its relationship with Microsoft through a sizable AI infrastructure deal. Nvidia-backed Lambda announced it struck a multi-billion-dollar deal with Microsoft on Monday to deploy tens of thousands of Nvidia GPUs, according to a press release. The exact size of the deal was not disclosed. Some of these GPUs will be Nvidia

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Rising energy prices put AI and data centers in the crosshairs

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As tech companies tout their plans for massive new data centers, consumers are increasingly worried the AI-driven gold rush will ultimately drive up the price they pay for electricity, according to a new survey. The report, commissioned by solar installer Sunrun, found that 80% of consumers are worried about the impact of data centers on

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AI mania tanks CoreWeave’s Core Scientific acquisition; it buys Python notebook Marimo

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Core Scientific shareholders on Thursday voted down an all-stock acquisition offer from partner and competitor CoreWeave that was valued at the time at $9 billion.   They did so following a vote-no recommendation from their largest shareholder, Sina Toussi of Two Seas Capital, a firm that focuses on post-bankruptcy companies. Core Scientific emerged from its bankruptcy

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AWS exceeds Wall Street’s expectations as demand for cloud infra remains high

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Amazon’s cloud infrastructure service, Amazon Web Services (AWS), is on track to record its strongest year of growth in three years, fueled by the AI industry’s unprecedented demand for computing power. AWS is growing 20% year-over-year and ended the third quarter with $33.1 billion in sales through the first nine months of the year, Amazon

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