Mike Wheatley – SiliconANGLE

Cisco snaps up AI model and data security startup Robust Intelligence

Mike Wheatley — Wed, 28 Aug 2024 01:23:05 +0000

Cisco Systems Inc. said Monday it’s finalizing the acquisition of an artificial intelligence-focused security startup called Robust Intelligence Inc. for an undisclosed price. Robust Intelligence has created a platform that’s designed to protect AI models and the data they feed on throughout the entire development-to-production lifecycle. The company first got the attention of Cisco a […]

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Shares of Box surge in extended trading as generative AI bets start paying off

Mike Wheatley — Tue, 27 Aug 2024 23:56:47 +0000

Shares of the cloud content company Box Inc. rose in after-hours trading today after it delivered second-quarter financial results that surpassed estimates and it raised its full-year forecast. The company reported earnings before certain costs such as stock compensation of 44 cents per share, easing past the analyst’s consensus estimate of 40 cents. Revenue for […]

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Cerebras Systems throws down gauntlet to Nvidia with launch of ‘world’s fastest’ AI inference service

Mike Wheatley — Tue, 27 Aug 2024 16:00:07 +0000

Ambitious artificial intelligence computing startup Cerebras Systems Inc. is raising the stakes in its battle against Nvidia Corp., launching what it says is the world’s fastest AI inference service, and it’s available now in the cloud. AI inference refers to the process of running live data through a trained AI model to make a prediction […]

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Katara raises $2.2M in seed funding to accelerate developer experiences with generative AI

Mike Wheatley — Tue, 27 Aug 2024 13:00:51 +0000

Developer experience platform startup Katara AI Inc. today revealed it has closed on a $2.2 million seed funding round, with plans to use the money to expand beyond its Web3 customer base and target developers at legacy technology firms. Today’s round was co-led by Diagram Ventures and Sparkle Ventures, and saw participation from StreamingFast and […]

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Quest Software announces enhanced data intelligence and modeling tools to boost AI data quality

Mike Wheatley — Tue, 27 Aug 2024 10:00:34 +0000

Quest Software Inc., the former Dell Technologies Inc. business unit that’s focused on enterprise data management and security, today announced a major update to its popular erwin Data Intelligence and erwin Data Modeler tools. The revamped offerings enable companies to pursue a more comprehensive approach to managing, governing and using data to fuel their ambitions […]

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Anthropic reveals system prompts that guide its Claude AI models’ behavior

Mike Wheatley — Tue, 27 Aug 2024 01:22:15 +0000

Anthropic PBC, one of the major rivals to OpenAI in the generative artificial intelligence industry, has lifted the lid on the “system prompts” it uses to guide its most advanced large language models, such as Claude 3.5 Opus, Claude 3.5 Sonnet and Claude Haiku. It’s an intriguing move that positions Anthropic as a bit more […]

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Luca Maestri to step down as Apple CFO next year

Mike Wheatley — Mon, 26 Aug 2024 23:40:52 +0000

Apple Inc. said today that its longtime Chief Financial Officer Luca Maestri will step down from the role in a transition that will take place at the start of next year, to be replaced by another Apple executive, Kevan Parekh. Maestri (pictured) won’t depart the company completely. Instead, he will take on the role of head […]

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Startup FuriosaAI debuts RNGD chip for LLM and multimodal AI inference

Mike Wheatley — Mon, 26 Aug 2024 16:30:43 +0000

FuriosaAI Inc., a semiconductor startup that’s laser-focused on artificial intelligence, has unveiled a new accelerator chip it says is geared for large language models and multimodal AI. Its new chip is called RNGD, pronounced “Renegade,” and it was unveiled at the Hot Chips 2024 conference in Stanford University today. It’s sampling to early access customers […]

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IBM unveils new Telum II AI processor set to power its next-generation mainframe systems

Mike Wheatley — Mon, 26 Aug 2024 12:00:14 +0000

IBM Corp. today revealed the specifications of its upcoming Telum II Processor, which is set to power the next generation of its iconic mainframe systems and boost their relevance in the artificial intelligence processing industry. Details of the new chip were unveiled at the Hot Chips 2024 event taking place at Stanford University this week. The […]

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Workday’s stock flopped, then popped on confident long-term growth forecast

Mike Wheatley — Thu, 22 Aug 2024 23:48:26 +0000

Workday Inc.’s stock soared more than 11% in extended trading today after it delivered a solid earnings and revenue beat, announced a new $1 billion stock buyback plan and provided an upbeat long-term forecast. The shares initially lost ground late today after the human resources and financial software developer posted guidance for the next quarter […]

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AI21 Labs’ updated hybrid SSM-Transformer model Jamba gets longest context window yet

Mike Wheatley — Thu, 22 Aug 2024 13:00:08 +0000

OpenAI rival AI21 Labs Ltd. today lifted the lid off of its latest competitor to ChatGPT, unveiling the open-source large language models Jamba 1.5 Mini and Jamba 1.5 Large. The new models are based on an alternative architecture that enables them to ingest much longer sequences of data, so they can better understand context compared […]

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Agribusiness AI startup Ceres Imaging rebrands as Ceres AI after closing on late-stage funding

Mike Wheatley — Thu, 22 Aug 2024 12:00:31 +0000

Agricultural imagery and data analytics provider Ceres Imaging Inc. has announced it’s rebranding itself as Ceres AI after closing on a Series D round of funding and appointing a new chairman. Ceres AI is an imaging and data company that’s looking to popularize precision farming techniques and help farmers improve their crop yields. It does […]

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Salesforce’s newest AI agents help to filter out sales prospects and train salespeople

Mike Wheatley — Thu, 22 Aug 2024 12:00:07 +0000

Salesforce Inc. is cranking out yet more artificial intelligence agents, this time for its flagship customer relationship management platform. The new agents include the Einstein Sales Development Rep, or Einstein SDR, and the Einstein Sales Coach Agent, and they’re designed to aid sales representatives in a variety of ways. The Einstein SDR Agent is designed […]

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Chip design software firm Synopsys delivers record revenue as AI accelerates demand

Mike Wheatley — Thu, 22 Aug 2024 01:22:12 +0000

Silicon chip design software maker Synopsys Inc. delivered third-quarter earnings and revenue above expectations today and then issued strong guidance, sending its stock higher in after-hours trading. The company, one of the leaders in the electronic design automation software industry, reported earnings before certain costs such as stock compensation of $3.43 per share, well ahead […]

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Snowflake beats expectations but stock falls on fears of decelerating revenue growth

Mike Wheatley — Wed, 21 Aug 2024 23:40:45 +0000

Updated: Shares of the cloud data warehouse giant Snowflake Inc. were battered and bruised in extended trading today, even though the company delivered solid second-quarter results and guidance that came in above expectations. The company’s stock fell more than 7% after-hours, with analysts saying that its likely shareholders are concerned over the possibility of a […]

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Google Cloud Run speeds up on-demand AI inference with Nvidia’s L4 GPUs

Mike Wheatley — Wed, 21 Aug 2024 15:00:26 +0000

Google Cloud is giving developers an easier way to get their artificial intelligence applications up and running in the cloud, with the addition of graphics processing unit support on the Google Cloud Run serverless platform. The company said in a blog post today that it’s adding support for Nvidia’s L4 graphics processing units on Google […]

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Piramidal raises $6M to advance AI brainwave analysis and improve diagnoses of neurological conditions

Mike Wheatley — Wed, 21 Aug 2024 13:00:48 +0000

Piramidal Inc. stepped into the limelight today, announcing that it has filled its war chest with $6 million in seed funding to tackle the intricacies of brainwave analysis using a specially developed foundational artificial intelligence model. Today’s round was led by Y Combinator, with the participation of several other venture capitalists, including Adverb Ventures, Lionheart […]

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IT infrastructure monitoring startup Grafana Labs raises $270M at $6B valuation

Mike Wheatley — Wed, 21 Aug 2024 13:00:34 +0000

Infrastructure monitoring startup Grafana Labs said today it has raised a bumper $270 million via two separate funding transactions, as it looks to solidify its status as a leader in the observability industry. Today’s round is said to have involved all of the company’s prior backers, led by Lightspeed Venture Partners, with participation from GIC, Sequoia […]

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OpenAI agrees content licensing deal with Condé Nast to feed SearchGPT and ChatGPT

Mike Wheatley — Tue, 20 Aug 2024 23:53:02 +0000

OpenAI said today it has struck a deal with Condé Nast, a subsidiary of Advance Publications Inc. so artificial intelligence tools such as ChatGPT and SearchGPT will be able to access and display content from publications that include The New Yorker, Vogue, Condé Nast Traveler, Architectural Digest, GQ, Vanity Fair and Wired. The partnership follows […]

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BeyondMath raises $8M to transform engineering and design with AI trained on world’s knowledge of physics

Mike Wheatley — Tue, 20 Aug 2024 13:00:54 +0000

Artificial intelligence startup BeyondMath Ltd. said today it has raised $8.5 million in a seed funding round to train its foundational large language models on physics equations, as part of its mission to transform engineering processes through more advanced simulations. Today’s round was led by UP.Partners and saw participation from Insight Partners and InMotion Ventures. […]

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Environmentalists sound alarm over Virginia’s data centers as water consumption skyrockets

Mike Wheatley — Tue, 20 Aug 2024 00:48:11 +0000

Concerns are being raised over the environmental impact of Virginia’s data centers after a report revealed they have increased their water consumption by almost two-thirds in the last five years. With the rapid adoption of artificial intelligence, there are fears that the situation will only get worse. The report by the Financial Times cites data obtained […]

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Goodfire AI raises $7M to demystify AI systems using mechanistic interpretability techniques

Mike Wheatley — Fri, 16 Aug 2024 02:23:50 +0000

Goodfire AI, a public benefit corporation and research lab that’s trying to demystify the world of generative artificial intelligence, said today it has closed on $7 million in seed funding to help it develop tools for debugging AI systems. Today’s round was led by the high-profile venture capital firm Lightspeed Venture Partners and saw the […]

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Hermes 3, a super-creative version of open-source Llama 3.1 AI model, even struggles with inner conflict

Mike Wheatley — Fri, 16 Aug 2024 01:46:43 +0000

Artificial intelligence startups Lambda Inc. and Nous Research today announced the launch of a new large language model called Hermes 3, which it says is a “personalized, unrestricted” version of Meta Platforms Inc.’s open-source Llama 3.1 model. The largest 405 billion parameter version of the Hermes 3 model is unusual in that it displays evidence […]

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Applied Materials delivers record third-quarter sales as AI fuels chip demand

Mike Wheatley — Thu, 15 Aug 2024 23:48:55 +0000

Semiconductor industry equipment maker Applied Materials Inc. posted higher-than-expected fiscal third-quarter revenue and profit today, driven by demand from artificial intelligence chipmakers. The company reported earnings before certain costs such as stock compensation of $2.12 per share, beating the analysts’ forecast of $2.03 by a comfortable margin. Revenue rose 5.5% from a year earlier, to $6.78 […]

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Autonomous factory firm Hadrian buys Datum Source to cater to defense industry startups

Mike Wheatley — Thu, 15 Aug 2024 01:34:08 +0000

Hadrian Automation Inc., a startup that operates autonomous factories for the defense and space industries, said today it has acquired the procurement software firm Datum Source Inc., whose platform uses artificial intelligence to connect startups with specialist manufacturing partners. The acquisition is being tagged as a strategic move that will enable Hadrian to accommodate the unique […]

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Cisco reveals plan to cut thousands of jobs as it beats earnings forecast

Mike Wheatley — Wed, 14 Aug 2024 23:57:52 +0000

Shares of Cisco Systems Inc. rose in extended trading today after the networking company said it’s cutting 7% of its global workforce and reported quarterly financial results that topped analysts’ estimates. The layoffs, which are the company’s second round of job cuts this year, are part of a restructuring plan that will result in about $1 […]

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Housing and healthcare AI startup EliseAI raises $75M and hits unicorn status

Mike Wheatley — Wed, 14 Aug 2024 12:00:10 +0000

Elise A.I. Technologies Corp., the creator of artificial intelligence-powered management tools for the housing and healthcare industries, said today it has become New York City’s latest tech unicorn after closing on a $75 million late-stage round of funding. Today’s Series D round was led by Sapphire Ventures and saw the participation of existing investors such […]

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AI code review startup CodeRabbit raises $16M to help developers debug code faster

Mike Wheatley — Wed, 14 Aug 2024 10:00:39 +0000

Generative artificial intelligence code revenue startup CodeRabbit Inc. has set its sights on becoming an essential part of every developer’s toolkit after closing on $16 million in early-stage funding. Today’s Series A round was led by CRV and saw participation from Flex Capital, Engineering Capital and a number of angel investors, the most prominent of […]

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AI data development platform startup Encord raises $30M

Mike Wheatley — Wed, 14 Aug 2024 02:44:59 +0000

Data annotation platform provider Encord, officially known as Cord Technologies Inc., said today it has closed a $30 million Series B investment led by Next47, with participation from previous backers Y Combinator, CRV and Crane Venture Partners. The startup has created what it likes to call a “data development platform” that’s designed to make artificial […]

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FactoryOps startup Guidewheel gets $31M to make machines smarter with plug-and-play sensors

Mike Wheatley — Wed, 14 Aug 2024 02:05:24 +0000

Factory software startup Guidewheel said today it’s looking to usher in a new era of artificial intelligence-powered automation for the manufacturing industry, after closing on an oversubscribed $31 million early-stage round of funding. Today’s Series B round was led by Decarbonization Partners, which is a partnership between BlackRock Inc. and Temasek Holdings Inc. Ecolab, Rethink […]

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