The scourge of modern concrete is, perhaps surprisingly, rust. Most concrete structures are laced with steel rebar to add strength, but if the metal corrodes, it can cause the concrete to fail prematurely. Bridges, which are exposed to water and salt, are some of the most vulnerable. About one third of bridges in the United […]
One startup’s paper-thin stainless steel could change how bridges are built Read More »
Tim Chen, solo VC at his firm Essence VC, just closed his fourth fund, a fresh $41 million, without even trying. Limited partner investors (LPs) were so eager to invest, they pre-empted it, he told TechCrunch. He hadn’t even time to generate a pitch deck. True, $41 million might not sound like much in this age
Tim Chen has quietly become of one the most sought-after solo investors Read More »
LangChain, an AI infrastructure startup providing tools to build and monitor LLM-powered applications, is raising a new round of funding at an approximate $1 billion valuation led by IVP, according to three sources with knowledge of the deal. LangChain began its life in late 2022 as an open-source project founded by Harrison Chase, who was
LangChain is about to become a unicorn, sources say Read More »
Plenty of startups hit a wall after their first few rounds of funding, having grown too big for venture funds but still in need of cash. For startups specializing in industrial-scale hardware, which includes many climate tech companies, the problem is especially acute because the capital requirements are so large. Infrastructure funds have long filled
Ara Partners’ new $800M fund will decarbonize old industrial assets Read More »
The data center market is booming, driven by AI demand. Just last week, OpenAI said that it plans to team up with backers including SoftBank to spend at least $100 billion on data center infrastructure in the U.S. Microsoft aims to put around $80 billion toward AI infrastructure this year, and rival tech giants have
Data center operator DataBank nets $250M equity investment Read More »
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the
OpenAI and SoftBank are reportedly putting $19B each into Stargate Read More »
Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer. Coinciding with the announcement of Stargate, OpenAI’s massive new AI infrastructure deal with SoftBank, Oracle, and others, Microsoft says it has signed a new agreement with OpenAI that gives it “right of first refusal”
Microsoft is no longer OpenAI’s exclusive cloud provider Read More »
Luxembourg-based SUSE has long offered various services around its various Linux- and cloud-centric infrastructure and security tools. Yet what the company didn’t really offer before was a more traditional SaaS product. That’s changing now with the early access launch of SUSE Cloud Observability, a fully managed observability platform designed for Rancher-managed multi-cloud Kubernetes clusters. Rancher,
SUSE launches a cloud observability service Read More »
