Author: yasmeeta

Seattle-based gaming startup Charmed secures $500K and unveils a novel 3D character design tool.

Seattle’s Charmed is gearing up to release a new AI-driven game design tool this month, aimed at enabling the swift creation of 3D character models from the ground up.

The startup recently secured over $500,000 in fresh funding, with Tacoma Venture Fund leading the round.

Under the leadership of founder Jeremy Tryba, Charmed’s ambitious vision is to develop “the first comprehensive 3D AI platform,” streamlining the game design process from initial concept to a working prototype.

“Charmed is crafting tools that enhance the efficiency of 3D artists, significantly cutting down development time,” Tryba explained in a communication with GeekWire.

Charmed’s latest innovation is a three-part tool: a Geometry Generator, a Texture Generator, and a Character Animator. Combined, these allow users to generate a character model through simple prompts, apply textures for clothing and detailing, and then animate the model with pre-set motions.

These generators add to Charmed’s growing suite of tools, which includes Dream Dungeon for quickly creating isometric mazes with customizable textures, a quest generator for easy mission creation, and an AI texture generator that adds vivid skins to 3D game objects.

In a July interview with GeekWire, Tryba emphasized that Charmed should be seen as a toolkit for rapidly producing game concepts, blueprints, and prototypes, rather than a complete solution for no-code game design.

“If you come with a solid idea and creativity, our tools can help amplify your ability to create more intricate and exciting projects faster than doing it solo,” Tryba noted. “However, the quality of output depends on what you input. If the input is poor, the output will reflect that.”

Tryba launched Charmed last year after it was spun out from Madrona Venture Labs, which also provided the initial funding for the venture.

Intel has recently unveiled Articul8 AI, a cutting-edge generative AI enterprise startup. The venture is launched with substantial support from DigitalBridge

Intel has taken a significant step in advancing artificial intelligence by launching Articul8 AI, a new independent company dedicated to addressing what it identifies as the most considerable current gap in generative AI. This venture is backed by the digital-focused asset manager DigitalBridge Group among other investors, signaling a robust confidence in the project’s potential. Although the precise valuation of the deal remains undisclosed, Intel’s move to form an independent entity with its own board of directors marks a strategic step towards leveraging AI advancements.

The inception of Articul8 AI is rooted in Intel’s collaboration with Boston Consulting Group (BCG) to exploit the capabilities of generative AI in a corporate environment. By harnessing the power of its supercomputers, Intel has developed a sophisticated AI system capable of analyzing text and images by integrating open-source and proprietary technologies. This system, tailored for operation within BCG’s data centers, is a response to the growing demand for AI solutions that prioritize privacy and security without compromising efficiency.

Arun Subramaniyan, who has transitioned from his role as vice president and general manager in Intel’s Data Center and AI Group, is at the helm of Articul8 as its CEO. His leadership is expected to guide the company in overcoming the prevalent skepticism associated with entrusting sensitive data to large cloud computing entities and to address the escalating costs linked to deploying AI systems. Under his guidance, Articul8 aims to streamline the transition of generative AI applications from the experimental stage to full-scale production, emphasizing security and cost-effectiveness.

The establishment of Articul8 AI is a strategic move that aligns with Intel’s broader objectives of attracting external capital for its business units. This is evident from its recent endeavors, including the spin-out of Mobileye Global and the planned IPO for its programmable chip unit. The formation of Articul8, armed with substantial intellectual property and technology from Intel, underscores a continued partnership between the two entities, focusing on market opportunities and the adoption of GenAI in the enterprise sector. With a strong investor lineup and a mission to empower global enterprises, Articul8 is poised to make a significant impact on the integration and efficient deployment of GenAI capabilities across various industries.

The cloud-native cybersecurity firm, Aqua Security, has successfully secured a $60M investment, sustaining its valuation in the unicorn category.

Aqua Security, a prominent Israeli cybersecurity startup, has recently increased its Series E funding by an additional $60 million, bringing the total for this round to an impressive $195 million. This startup, founded in 2015, is headquartered in Tel Aviv and Boston and has quickly become a leader in the field of cloud service protection. It offers a wide array of security services designed to protect businesses’ cloud infrastructure and has garnered a noteworthy client roster that includes prominent names such as PayPal, Netflix, and Samsung.

The services provided by Aqua Security span various critical areas of cybersecurity. These include Cloud Workload Protection Platforms (CWPP), Cloud Security Posture Management (CSPM), and Kubernetes security posture management. Additionally, they offer comprehensive solutions in software supply chain security, risk and vulnerability scanning, malware protection, and more. This extensive suite of tools is a testament to Aqua Security’s commitment to providing robust and comprehensive security solutions.

Since its inception, Aqua Security has shown impressive growth and is now a significant player in the cybersecurity space, with total funding reaching around $325 million. The latest funding round was led by Evolution Equity Partners, a venture capital firm that specializes in the cybersecurity industry and which recently launched a $400 million fund. This investment signals a strong vote of confidence in Aqua Security’s future, especially noteworthy in the current funding climate, which has been challenging for many startups seeking capital.

Despite the fresh influx of capital, it’s interesting to note that Aqua Security’s valuation has seemingly remained stable, reportedly above $1 billion, just as it was during the announcement of the Series E round three years ago. While on one hand, maintaining such a high valuation is an achievement, especially in a dynamic and competitive market, it might also suggest a plateau in growth or valuation momentum. However, the entry of Evolution Equity Partners as a lead investor might counterbalance these concerns by providing a fresh perspective and potentially opening new doors for Aqua Security’s expansion and innovation.

In conclusion, Aqua Security’s recent funding achievement underscores its significant role in the cybersecurity industry. The company’s comprehensive range of services, impressive client list, and substantial total funding position it as a serious contender in the global market for cloud security solutions. As the cybersecurity landscape continues to evolve with increasing threats and complex regulatory environments, Aqua Security’s continued growth and adaptation will be vital. The static valuation juxtaposed with new investor interest paints a nuanced picture of a company at an interesting growth inflection point. As Aqua Security moves forward, the industry will undoubtedly watch to see how it leverages its new capital to innovate, expand, and compete.

Nvidia to unveil a less powerful variant of its gaming processor in China in adherence to U.S. export regulations.

Nvidia, a prominent U.S. chipmaker, is set to release a modified version of a gaming processor in China, named the Nvidia RTX 4090D, with reduced performance to adhere to U.S. export regulations. This new version will feature 11% less CUDA cores compared to its international counterparts. CUDA cores are vital components of Nvidia’s advanced RTX line of gaming GPUs, serving as a parallel processing unit akin to CPU cores.

The adjustment is a response to U.S. government export controls aimed at limiting China’s access to certain advanced chips, including those capable of supporting AI technologies. Despite no immediate comment from Nvidia, a representative confirmed the chip’s compliance with U.S. export controls and mentioned the company’s extensive engagement with the U.S. government during its development.

Notably, the standard Nvidia RTX 4090 was previously listed as a banned export due to its potential AI applications. Despite these challenges, Nvidia has experienced significant stock growth in 2023, largely driven by a surge in AI demand, notably influenced by the development of AI technologies like OpenAI’s ChatGPT.

Nvidia RTX 40-Series Enhanced Edition Cards Set for Release at Consumer Electronics Show

Nvidia is gearing up for an impactful presentation at the upcoming CES event in Las Vegas, creating anticipation with rumors of unveiling new RTX Super GPUs. As the event draws near, excitement builds with regulatory filings from Nvidia’s partners hinting at the specifications of the upcoming GPUs. The RTX 4080 Super is expected to receive a mild upgrade, while the RTX 4070 series is rumored to undergo more significant improvements, though pricing remains uncertain until the official release.

On January 8th, Nvidia plans to present its latest developments at 8 am PST, focusing on “AI innovations,” a theme that seems prevalent for this year’s CES. In addition to AI, the company is slated to reveal three new Super GPUs: the RTX 4080 Super, RTX 4070 Ti Super, and RTX 4070 Super. Regulatory filings from MSI, as reported by Videocardz, and teasers from Gigabyte give a glimpse into Nvidia’s plans, indicating substantial upgrades for the RTX 4070 series cards. In total, Nvidia is preparing 12 new GPUs for launch, with four variations of each SKU hitting the market.

The RTX 4070 Ti Super appears to be receiving the most significant update, upgrading from a 12GB card with a 192-bit memory bus to a 16GB model with a 256-bit memory bus. Additionally, it’s expected to see an increase in CUDA cores from 7680 to 8448, while power consumption remains steady at 285W, suggesting no change in GDDR6X memory speed. Initially priced at $799, the pricing strategy for the Super version is anticipated to be competitive, especially against AMD’s 20GB Radeon 7900 XT priced around $779.

Meanwhile, the RTX 4070 Super is also set for a considerable upgrade in CUDA cores, rising from 5888 to 7168, a substantial 21% increase. This is all while maintaining the same 192-bit memory bus and 12GB of GDDR6X memory. Originally priced at $599, this model faces competition from AMD’s RX 7800 XT, priced at $549, prompting curiosity about Nvidia’s pricing response.

The RTX 4080 Super seems to be in line for the least dramatic upgrade, sticking with the AD103 die and retaining the 16GB memory configuration of its predecessor. It’s speculated to receive a slight increase in CUDA cores, from 9728 to 10240, which is a modest 5% enhancement. Given the minimal changes, it’s possible that the price will remain at the original $1,199, unless Nvidia decides to make it more appealing with a price drop, potentially to $999.

As the tech community eagerly awaits the official unveiling, these speculations and rumored details set the stage for a potentially game-changing series of GPU launches from Nvidia. The exact specifications, performance improvements, and pricing strategies will only be confirmed at the CES presentation, where Nvidia will reveal how it plans to shape the future of gaming and AI technology with its new lineup of Super GPUs.

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