Nvidia has completed its acquisition of Run:ai, an Israeli startup that helps manage and optimize AI hardware infrastructure. As part of the merger, Run:ai said its software, which currently only works with Nvidia products, will be open sourced, meaning Nvidia rivals like AMD and Intel will be able to adapt it for their hardware. “We […]
Nvidia completes acquisition of AI infrastructure startup Run:ai Read More »
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 »
Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are suing the Internal Revenue Service to block new regulations that require decentralized finance (DeFi) entities to report customer information. The IRS has been finalizing crypto tax regulations as part of the Biden administration’s Infrastructure Investment and
Crypto industry groups sue IRS over broker reporting rule Read More »
Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022, causing investors to lose over $40 billion. Terraform
Terraform Labs co-founder Do Kwon will face fraud charges in the U.S. Read More »
Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this definition, OpenAI is many years away from reaching it. The two companies reportedly signed an agreement last year stating OpenAI has only achieved AGI when
Microsoft and OpenAI have a financial definition of AGI: report Read More »
OpenAI has recently explored building its own humanoid robot, according to The Information. The report cites “two people with direct knowledge” of those conversations. The ChatGPT maker has been involved in the space for some time now, by way of financial backing. It has thus far invested in Figure and 1X, along with the “general
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A Wired investigation found that Google Maps can be near impossible to use in the West Bank, especially since the start of the war. Users told the publication that the navigation app would direct them into walls, fail to account for time-consuming checkpoints, or steer them onto restricted roads leading to Israeli settlements, which can
An investigation finds that Google Maps fails users in the West Bank Read More »
Japanese car giants Honda and Nissan are working out the details of a major merger that could create the world’s third-largest automaker, as the companies look to survive in an industry faced with uncertainty. The Tesla-led shift towards electric vehicles, and China’s increased importance in the automotive market, have companies like Honda and Nissan feeling
Honda and Nissan plan major merger focused on ‘intelligence and electrification’ Read More »
Lerer Hippeau, one of New York’s most prolific A-list VC firms, has filed to raise its ninth fund, according to an SEC filing made Wednesday. There is no target raise amount. Lerer Hippeau did not immediately respond to our request for comment. The firm, founded in 2010, has more than $1.2 billion in assets under
Lerer Hippeau files to raise Fund IX Read More »
AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as
Perplexity has reportedly closed a $500M funding round Read More »
