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Dutch chip equipment startup Nearfield Instruments raises $148 million in funding to ramp up production

Nickie Louise Posted On July 18, 2024

Dutch chip equipment startup Nearfield Instruments has raised €135 million (approx. $148 million) in a Series C funding round to ramp up production of its chipmaking tools. The funding round marks the largest deep-tech investment in the Netherlands, further cementing […]

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OpenAI unveils GPT-4o mini, a lightweight version of its most powerful model to date

Nickie Louise Posted On July 18, 2024

OpenAI is set to unveil its latest innovation, the “GPT-4o mini,” on Thursday, marking another significant step in the company’s efforts to broaden the reach of its popular chatbot technology. OpenAI describes the new GPT-4o mini as “the most capable […]

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Samsung acquires British AI startup Oxford Semantic to power its devices with next-generation AI tech

Nickie Louise Posted On July 18, 2024

Samsung Electronics announced on Thursday it has agreed to acquire Oxford Semantic Technologies, a British AI startup renowned for its advanced knowledge graph technology. While the financial terms of the deal remain undisclosed, the acquisition is poised to enhance Samsung’s […]

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Israeli AI tech startup CytoReason raises $80M led by Nvidia and Pfizer to grow its AI drug discovery platform

Nickie Louise Posted On July 17, 2024

CytoReason, an Israeli tech startup that uses AI to develop disease models, announced on Wednesday that it has secured $80 million in a private funding round to expand its AI drug discovery platform. The round was led by industry giants […]

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Nordic no-code platform startup Lemonado secures $1.4M in funding to accelerate global expansion

Nickie Louise Posted On July 17, 2024

Lemonado, a Stockholm-based AI startup that enables non-developers to create custom business software using natural language commands, has secured $1.4 million in seed funding to drive its global expansion. The funding round was led by Nordic venture capital firm node.vc, […]

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GitLab, a Google-backed cloud developer valued at $8 billion, considers sale as acquisition interest grows

Nickie Louise Posted On July 17, 2024

GitLab, a Google-backed software developer renowned for its popular open-source code collaboration platform, is reportedly exploring a potential sale. According to an exclusive report from Reuters, the software developer is working with investment bankers after attracting interest from several companies, […]

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OpenAI founding member, Tesla engineer Andrej Karpathy launches AI education startup, Eureka Labs

Nickie Louise Posted On July 16, 2024

OpenAI founding member and former Tesla engineer Andrej Karpathy announced the launch of Eureka Labs, an AI-integrated education platform startup. This news comes just five months after Karpathy left OpenAI to “work on personal projects.” Drawing on his extensive experience […]

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Profitable AI startup SymphonyAI eyes late 2025 IPO after strong growth of $500 million revenue run rate

Nickie Louise Posted On July 16, 2024

Profitable AI startup SymphonyAI is gearing up for a public listing in the second half of next year, CEO Sanjay Dhawan said in a recent interview. The decision follows the company achieving a $500 million revenue run rate last year […]

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Google nears a deal to acquire Israeli cybersecurity startup Wiz for $23 billion, its largest-ever deal

Nickie Louise Posted On July 15, 2024

Google is reportedly near a deal to acquire Israeli cybersecurity startup Wiz for $23 billion, the Wall Street Journal (WSJ) reported on Sunday, citing sources familiar with the ongoing negotiations. The deal, which would be Google’s largest acquisition ever, could […]

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Atos secures $1.82 billion in funding to restructure its debt

Nickie Louise Posted On July 15, 2024

Atos, once a beacon of promise in France’s tech industry, announced on Monday that it has secured €1.675 billion ($1.82 billion) in funding to restructure its debt. This lifeline comes through a lock-up agreement with a coalition of banks and bondholders […]

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Pixelverse raises additional $2 million from leading Web3 VCs, hits $7.5 million funding goal

Nickie Louise Posted On July 12, 2024

Just a month after securing $5.5 million to fuel its rapid growth and accelerate the mass adoption of Web3 gaming, metaverse upstart Pixelverse announced Friday that it raised an additional $2 million in private funding. Recognizing the company’s rapid momentum […]

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Israeli tech startup Buildots secures $15M investment led by Intel Capital to revolutionize construction with AI

Nickie Louise Posted On July 11, 2024

Israeli construction tech startup Buildots has secured a $15 million investment led by Intel Capital, with participation from OG Tech Partners and existing investors. This marks Intel Capital’s first foray into the construction tech sector. The venture capital arm of […]

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Deep learning startup Chorology launches AI-powered data governance platform after $9M funding round

Nickie Louise Posted On July 10, 2024

Chorology, a new player in the data governance space, has officially launched its AI-driven data governance platform, designed to transform how enterprises manage their data. The startup recently emerged from stealth with a $9 million Series A investment and a […]

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Google abandons plans to buy HubSpot

Nickie Louise Posted On July 10, 2024

In a surprising turn of events, Google parent Alphabet has decided to walk away from its planned acquisition of online marketing software company HubSpot, according to a Bloomberg report that cites sources familiar with the matter. This news comes just […]

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AMD to acquire Finnish AI startup Silo AI for $665 million as AI race heats up

Nickie Louise Posted On July 10, 2024

Advanced Micro Devices (AMD) announced on Wednesday it has reached an agreement to acquire Finnish artificial intelligence startup Silo AI for approximately $665 million in cash. This strategic acquisition is aimed at bolstering the company’s AI chip capabilities to better […]

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TurboTax-parent Intuit to lay off about 1,800 jobs, or 10% of the workforce, as the company shifts focus to AI

Nickie Louise Posted On July 10, 2024

TurboTax parent company Intuit announced on Wednesday it’s laying off about 1,800 employees, or 10% of its workforce. This move comes as the company aims to reallocate resources to other critical areas including artificial intelligence. In recent years, Intuit has […]

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Elon Musk’s AI startup xAI ends talks on $10 billion server deal with Oracle

Nickie Louise Posted On July 9, 2024

Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended their discussion over a potential $10 billion server deal, The Information reported on Tuesday. Following the news, shares of Oracle saw a significant dip, falling as much as […]

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Cloud storage startup Nasuni valued at $1.2 billion in funding led by Vista

Nickie Louise Posted On July 9, 2024

Cloud storage startup Nasuni has reached a valuation of approximately $1.2 billion after securing a strategic growth investment led by Vista Equity Partners. The Boston-based enterprise data platform startup added that Vista will be joined by TCV and KKR in […]

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Agrotoken partners with Tanssi to revolutionize agro-finance in South America using blockchain

Nickie Louise Posted On July 9, 2024

Appchain infrastructure platform Tanssi announced on Tuesday it has teamed up with Agrotoken, a global tokenization platform for agricultural commodities, to introduce decentralized tools to transform the agrotech markets in South America. This partnership aims to develop an innovative agro-finance […]

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AI startup funding more than doubles in Q2, surges to $24 billion

Nickie Louise Posted On July 9, 2024

The artificial intelligence boom, ignited by the success of ChatGPT two years ago, shows no signs of slowing down as investors continue to funnel billions into generative AI startups. According to the latest data from Crunchbase, investments in AI startups […]

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