Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16). The scale of capital invested in AI companies by U.S. venture investors is approaching that allocated to the rest of the venture...
Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still go up before the round is finalized next week, Reuters reported Friday (Dec. 13), citing unnamed...
Three major technology companies reported revenue growth and expanded artificial intelligence offerings Wednesday, with Pure Storage rolling out enterprise AI tools, Box launching custom AI agents and Verint doubling profits on strong AI demand. Pure Storage announced partnerships with Nvidia and CoreWeave alongside its new...
Artificial intelligence (AI) startup iGenius said it is building one of the world’s largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips and will use it to deploy AI models for financial services, healthcare and public sector customers around the world. The supercomputer, dubbed iGenius Colosseum, will...
November 25, 2024
Artificial intelligence — specifically, AI companies that have been riding the wave of simulating human cognition — powered the CE 100 Index 5.2% higher through the past week. All pillars gained ground. The Enablers segment of the CE 100 Index roared ahead by 8.1%. C3.ai Leads the Surge Within that group, C3.ai shares leaped […]
November 22, 2024
The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and 23.6%. A broad-based rally in...
October 08, 2024
Meta’s new Movie Gen artificial intelligence (AI) video creation tool could level the playing field for small businesses in the digital marketplace, experts say. Movie Gen joins an expanding list...
October 07, 2024
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past...
December 20, 2024
The European Commission approved Nvidia’s proposed acquisition of Run:ai Thursday (Dec. 19), saying that it did so unconditionally and that the transaction would raise no competition concerns in the European Economic Area (EEA). The case had been referred to the Commission in September by the Italian competition authority, which asked the Commission to determine whether […]
December 16, 2024
Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16). The scale of capital invested in AI...
December 13, 2024
Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still...
December 05, 2024
Artificial intelligence (AI) startup iGenius said it is building one of the world’s largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips and will use it to deploy AI models for financial...
