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Nvidia introduces its AI foundry service on Microsoft Azure, featuring the latest Nemotron-3 8B models.
Nvidia is strengthening its collaborative approach with Microsoft. During the Ignite conference, hosted by the Satya Nadella-led tech giant, Nvidia unveiled an AI foundry service aimed at assisting both enterprises and startups in building custom AI applications on the Azure cloud. These applications can leverage enterprise data through retrieval augmented generation (RAG) technology. Jensen Huang, […]
Interplay Raises $45 Million for Its Third Fund, Concentrating on B2B Marketplaces and Specialized Software
Interplay, a venture capital firm headquartered in New York, has successfully completed its third funding round, amassing $45 million. This latest fund follows two earlier rounds focusing on early-stage investments, particularly in software sectors like B2B marketplaces and specialized vertical software. We previously reported on Interplay in 2022 during its separate funding initiative. Mark Peter […]
Xiaomi declares an unprecedented achievement with a sales record of $3.11 billion on Singles Day.
During the annual Singles Day shopping event, Xiaomi, a renowned Chinese electronics company, reported exceptional sales across various platforms. From October 23 to November 11, Xiaomi’s sales surpassed 22.4 billion yuan (approximately $3.11 billion) on platforms like Alibaba’s Tmall and Taobao, JD.com, Pinduoduo, and Douyin. Xiaomi’s shares in Hong Kong experienced a brief surge, increasing […]
Bosch, SAP, and several other companies support Europe’s response to OpenAI, injecting $500 million in new funding.
Aleph Alpha, a German startup challenging the Microsoft-backed artificial intelligence firm OpenAI, announced on Monday that it had secured $500 million in funding. This funding round enjoyed support from notable entities such as Bosch, SAP, and Hewlett Packard Enterprise. In its second major funding round, Aleph Alpha, known for creating its extensive language models, amassed […]
Replit’s CEO outlines the roadmap to achieve artificial developer intelligence and secures a fresh $20 million in investment.
Replit, a developer platform company, has recently secured a $20 million investment from Craft Ventures. This development is part of Replit’s ongoing efforts to empower developers with generative AI capabilities, paving the way for a future characterized by Artificial Developer Intelligence (ADI). Remarkably, this $20 million investment does not constitute the typical funding round for […]