xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing. 97 participated, but the document doesn’t reveal their identities. The new cash brings xAI’s total raised to $12 billion, adding to the $6 billion […]
Elon Musk’s xAI lands billions in new cash to fuel AI ambitions Read More »
Over a hundred colleges and high schools are turning to a new AI tool called Nectir, allowing teachers to create a personalized learning partner that’s trained on their syllabi, textbooks, and assignments to help students with anything from questions related to their coursework to essay writing assistance and even future career guidance. The company announced
Cyberattacks are on the rise. In Q1 2024, organizations experienced an average of around 1,300 attacks per week. The cost of attacks is climbing, as well. Per Statista, cybercrime-related losses could surge to over $13 billion by 2028. Software is one way to combat these attacks. Hardware is another. Startup Axiado is a proponent of
Axiado claims its chip can prevent cyberattacks Read More »
Cyberattacks are on the rise, and the victims are high-profile. According to a KPMG survey, close to half of companies with $1 billion or more in annual revenue recently suffered a security breach. Surprisingly, an overabundance of security tools may be contributing to the problem. In a separate poll, 43% of businesses said their teams
Tuskira unifies and optimizes disparate cybersecurity tools Read More »
In this hyperconnected world we live in, it’s easier than ever to send feedback to the companies we patronize. But just because businesses offer more ways to get in touch doesn’t mean they’re poring over every comment. According to a 2020 survey from Productboard, 90% of companies fail to successfully capture feedback from all channels
Back in 2016, Hammad Syed and Mahmoud Felfel, an ex-WhatsApp engineer, thought it’d be neat to build a text-to-speech Chrome extension for Medium articles. The extension, which could read any Medium story aloud, was featured on Product Hunt. A year later, it spawned an entire business. “We saw a bigger opportunity in helping individuals and
PlayAI clones voices on command Read More »
Daricus Releford always wanted to be a founder. In high school, he ran a hot dog station and in college launched a chocolate-covered strawberry business, making millions in sales before moving to Silicon Valley to pursue his dreams in tech. Entrepreneurship simply runs in his family, he told TechCrunch. “My grandfather was one of the
StoreCash’s new app lets you instantly earn cash back at stores Read More »
Crusoe Energy, a startup building data centers reportedly to be leased Oracle, Microsoft, and OpenAI, is in the process of raising $818 million, according to an SEC filing. The filing indicates that Crusoe has secured $686 million of the $818 million total that it hopes to raise. Seventy investors have contributed to the tranche so
AI may be the hottest thing since sliced bread. But that doesn’t mean it’s getting easier to develop and run. According to a recent Boston Consulting Group poll, 74% of organizations are struggling to derive value from their AI investments. William Falcon, the creator of PyTorch Lightning, a popular open source AI framework, says that
Lightning looks to make managing AI a piece of cake Read More »
Last-mile delivery, the very last step of the delivery process, is a common pain point for companies. According to one survey, nearly 90% of retailers struggle with their last-mile delivery operations, either because of technical issues, costs, or a combination of both. Bill and Lisa Catania understand this well. The husband-and-wife team founded OneRail, a
OneRail’s software helps solve the last-mile delivery problem Read More »
