Enterprise

Intuit signs $100M+ deal with OpenAI to bring its apps to ChatGPT

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Intuit has signed a multi-year contract worth more than $100 million with OpenAI, enabling its tax and financial apps to operate within ChatGPT and expanding the company’s use of OpenAI’s models across its products. Intuit said its tools, such as TurboTax, Credit Karma, QuickBooks and Mailchimp, will be accessible through ChatGPT, allowing users to ask […]

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Databricks reportedly in talks to raise funding at a $130B+ valuation

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Data intelligence company Databricks is reportedly already in talks to raise fresh capital, just a few months after its last fundraise. Databricks is holding conversations to raise a funding round that values the company at a minimum of $130 billion, according to reporting from The Information. The company hasn’t signed a term sheet yet, the

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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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