Enterprise design startup Figma enters the next step of its IPO journey. Figma announced that it is kicking off its IPO roadshow on Monday. The company plans to offer more than 36 million shares of class A stock that are expected to be priced between $25 and $28 a share. This offering includes a mix […]
Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow Read More »
ServiceNow’s acquisition of enterprise AI startup Moveworks is reportedly drawing regulatory scrutiny. The acquisition is currently under review for antitrust by the U.S. Justice Department, according to Bloomberg, which cited sources familiar with the matter. The probe began in June, Bloomberg reported, and both companies have since received a “second request” calling for additional information
Rare earth elements appear to be behind Nvidia’s stance on China. After announcing in June plans to essentially withdraw from the Chinese market, the semiconductor chip and AI giant reversed course and said it was filing an application to restart sales of its H20 AI chip to China. U.S. Commerce Secretary Howard Lutnick said Tuesday that
Nvidia’s resumption of H20 chip sales related to rare earth element trade talks Read More »
Nvidia seems determined to find a way to sell AI chips in China despite U.S. export restrictions. The semiconductor giant is planning to launch an AI chip specifically for the Chinese market as early as September, as originally reported by the Financial Times. This AI chip would be based on Nvidia’s Blackwell RTX Pro 6000
Nvidia reportedly plans to release new AI chip designed for China Read More »
The data industry is on the verge of a drastic transformation. The market is consolidating. And if the deal flow in the past two months is any indicator — with Databricks buying Neon for $1 billion and Salesforce snapping up cloud management firm Informatica for $8 billion — momentum is building for more. The acquired
AI is forcing the data industry to consolidate — but that’s not the whole story Read More »
Companies have struggled to adopt the right AI tools as the technology evolves at a far faster pace than their slow sales cycles. Corporate credit card company Brex is no different. The startup found itself facing the same issue as its enterprise counterparts. The upshot: Brex completely changed its approach to software procurement to ensure
How Brex is keeping up with AI by embracing the ‘messiness’ Read More »
The conversational AI market has exploded since ChatGPT was released in November 2022 and is predicted to grow into a nearly $50 billion global industry by 2031, according to MarketsAndMarkets. Synthflow AI is just one of many companies building in this space that hopes to stand out from the pack because of its focus on
How Synthflow AI is cutting through the noise in a loud AI voice category Read More »
There is no shortage of workflow collaboration tools, like Slack or Google Docs, in addition to industry-specific ones like GitHub for software developers. Now, a startup called AllSpice has found success with its bet that electrical hardware engineering teams need their own collaboration platform, too. AllSpice’s platform sits between existing workflow software. It allows hardware
AllSpice’s platform is the GitHub for electrical engineering teams Read More »
Uptime Industries is taking a bet on on-premise AI infrastructure with an “AI-in-a-box” handheld device called Lemony AI. The size of a sandwich, Lemony AI can supposedly run a large language model (LLM), AI agents and AI workflows all on one node. Each Lemony requires only 65 watts of power to run, the equivalent of
AMD is continuing its acquisition spree. Semiconductor giant AMD acqui-hired the team behind Untether AI, a startup that develops AI inference chips, as originally reported by CRN. Untether claims that their chips are faster and more energy-efficient than their rivals. The terms of the deal weren’t disclosed. Toronto-based Untether was founded in 2018 and has
AMD acqui-hires the employees behind Untether AI Read More »
