AI companies across the globe raised more than $100 billion in venture capital dollars in 2024, according to Crunchbase data, an increase of more than 80% compared to 2023. It encompasses nearly a third of the total VC dollars invested in 2024. That’s a lot of money funneling into a lot of AI companies. The […]
VCs say AI companies need proprietary data to stand out from the pack Read More »
The European Commission (EC) has given the greenlight for Synopsys to acquire Ansys, though the companies must divest some half-a-dozen products as part of the proposed remedies. Chip design software maker Synopsys revealed last January its plans to acquire Ansys, a simulation software developer that helps engineers model and analyze the physical behavior of products, such as chips,
EU approves $35B Synopsys and Ansys merger, subject to divestment conditions Read More »
As it looks to accelerate the pace of its AI development, Google is further streamlining the teams building its AI services, platforms, and tools. On Thursday, Logan Kilpatrick, who leads product for Google’s AI Studio developer platform, said in a post on X that Google’s AI Studio team and the team developing the API for
Back in the 1950s, the U.S. started detonating nuclear bombs underground to limit the fallout, both radioactive and sociopolitical, unleashed by aboveground testing. Hundreds of feet of rock formed a tidy barrier for the next 40 years as countries continued to bomb the subsurface. Now, a nuclear startup wants to bury a small reactor underground,
Nuclear startup Deep Fission plans to bury micro-reactors to power data centers Read More »
In 2007, Jesse Burgess joined his family’s payroll business. He quickly noticed that the business’ six payroll clerks were getting bogged down by repetitive, monotonous tasks — and so he sought to streamline those tasks by creating workflow automation tools. Several years later, Burgess sensed an opportunity to bring the tools he developed for his
HR software startup OnPay was inspired by the founder’s family payroll business Read More »
Nvidia is getting into world models — AI models that take inspiration from the mental models of the world that humans develop naturally. At the Consumer Electronics Show in Las Vegas, the company announced that it is making openly available a family of world models that can predict and generate “physics-aware” videos. Nvidia’s calling this family
Nvidia releases its own brand of world models Read More »
Fresh off of its worst year since going public in 1971, Intel is announcing new chips at CES 2025 that it hopes will turn its fortunes around. The product announcement is Intel’s largest since the company’s board of directors forced out CEO Pat Gelsinger. That’s not the only reason stakes are high. Intel’s 13th- and
Intel shows off its latest chip lineup at CES 2025 Read More »
One last mega-deal closed out an eventful 2024. On Tuesday, World Wide Technology (WWT), a tech services company based in St. Louis, announced it has agreed to acquire Canadian IT provider Softchoice in a deal that values the latter at C$1.8 billion (~$1.25 billion). The deal, which is all-cash, was unanimously approved by Softchoice’s board,
Tech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal Read More »
While AI is lauded by some as the biggest technological breakthrough since the industrial revolution, enterprises — arguably the tech’s biggest potential customer base — have been slow to adopt AI. While some investors predicted that 2024 would be the year we’d start to see more AI adoption by enterprises, that didn’t play out as
The Competition and Markets Authority, the U.K.’s antitrust watchdog, has opened an investigation into whether IBM’s planned acquisition of cloud software vendor HashiCorp would affect competition. The CMA said Monday it was inviting comment on the merger from interested parties by January 16. The regulator set a provisional February 25 deadline to decide whether to
UK antitrust watchdog launches review of IBM’s HashiCorp takeover Read More »
