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Allocations, the AI-driven investment platform, reaches $2 billion amid surging demand for alternative assets

In a groundbreaking achievement for the fintech industry, Allocations, a startup at the forefront of utilizing artificial intelligence (AI) to enhance the efficiency of private capital fundraising, has announced a monumental milestone, surpassing $2 billion in assets under administration on its innovative platform. This achievement, exclusively reported by VentureBeat, underscores the growing appetite among investors […]

Groq’s CEO predicts startups will favor fast LPUs over Nvidia by 2024 end.

In the landscape of technology and artificial intelligence, Nvidia’s recent earnings announcement has captured widespread attention. The company’s profits soared by an astonishing 265% compared to the previous year, underscoring its dominant position in the tech industry. However, the spotlight is gradually shifting towards Groq, a relatively new player from Silicon Valley that specializes in […]

Satisfying the demand for Nvidia GPU access is a significant industry.

Addressing the widespread demand for Nvidia GPUs, which dominated Silicon Valley conversations last summer, has evolved into a significant business opportunity within the AI sector. This development has led to the emergence of new industry giants. For instance, Lambda, a company specializing in GPU cloud services powered by Nvidia GPUs, recently announced it has secured […]

LangChain secures $25 million in funding and unveils a platform to facilitate the full lifecycle of Large Language Model applications.

Today, LangChain, a pioneer in advancing large language model (LLM) application development through its open-source platform, announced a successful $25 million Series A funding round, spearheaded by Sequoia Capital. Alongside this financial milestone, the startup unveiled LangSmith, its premier subscription-based LLMOps solution, now widely available. LangSmith serves as a comprehensive platform, empowering developers to expedite […]

Sam Altman aims for $7 trillion for AI chips, requiring vast natural resources.

The Wall Street Journal recently reported that Sam Altman, CEO of OpenAI, aims to secure up to $7 trillion for an ambitious technology initiative designed to significantly enhance global semiconductor capacity, with funding from investors including the United Arab Emirates. This project aims to supercharge AI model capabilities. However, the environmental ramifications of such a […]
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