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AI

Microsoft-Backed Startup Fastino Debuts Task-Optimized Enterprise AI Models That Run on CPUs

Fastino, a San Francisco-based startup, has emerged from stealth mode with a $7 million pre-seed funding round led by Insight Partners and M12, Microsoft’s Venture Fund, reports VentureBeat. The company is developing task-optimized enterprise AI models that offer improved performance at a lower cost, running efficiently on CPUs instead

Salesforce Hiring Spree Fueled by AI Agent Demand

Salesforce is on a hiring spree, aiming to recruit over 1,000 employees to support the growing demand for its new Agentforce solution, reports CX Today. Agentforce, launched last month, is a platform layer that enables companies to easily deploy AI agents, enhancing Salesforce workflows. The solution is powered by

Amazon Steps Up Effort to Rival Nvidia in AI Chip Market

Amazon is making significant strides in its quest to challenge Nvidia's dominance in the AI chip market, reports the Financial Times. The tech giant's cloud computing division is investing heavily in custom chips, spearheaded by Annapurna Labs, a chip start-up acquired by Amazon in 2015. The

Alibaba Launches AI Search Engine for Small Businesses, Boosting Purchase Intent

Chinese e-commerce giant Alibaba has unveiled an AI-powered search engine designed to help small businesses in Europe and the Americas source supplies, reports CNBC. The tool, called Accio, leverages generative AI technology similar to ChatGPT to enhance the product discovery and procurement process. Alibaba claims that initial tests showed businesses

Keppel Acquires AI-Ready Data Center in Tokyo from Mitsui Fudosan

Singapore-based Keppel Corporation has agreed to purchase an artificial intelligence (AI)-ready data center facility being developed by Mitsui Fudosan, Japan's largest property group, in Tokyo, reports Reuters. This deal comes less than two weeks after Keppel announced plans to more than double its data center funds under

Perplexity Hits $9B Valuation with New Funding

Perplexity, the search startup powered by artificial intelligence, is raising a new round of investment that would value the company at $9 billion, reports Reuters. The funding round, led by venture capital firm Institutional Venture Partners (IVP), is set to bring in $500 million, signaling continued investor enthusiasm for AI

Robot AI Startup Physical Intelligence Raises $400 Million From Bezos, OpenAI

Physical Intelligence, a startup developing foundational software for robots, has secured $400 million in early-stage funding, according to a report by Reuters. This investment round, which values the company at $2 billion, was led by Amazon's Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital. Physical Intelligence is focused

UK Antitrust Watchdog Probes Alphabet's Anthropic Deal

Britain's Competition and Markets Authority (CMA) has launched an investigation into Alphabet's partnership with artificial intelligence startup Anthropic, raising concerns about potential competition issues, reports Reuters. This probe comes amidst growing global scrutiny of deals between big tech companies and smaller AI startups, spurred by the

C3.ai CEO Warns of AI Overhype, Emphasizes 'Meat and Potatoes' Applications

C3.ai founder and CEO Tom Siebel cautioned against the irrational exuberance surrounding AI technology during an interview with Yahoo Finance on Friday. While acknowledging the transformative potential of generative AI, Siebel highlighted the overvaluation of many companies in the space, particularly those leveraging large language models like ChatGPT. "

HPE CEO Antonio Neri Confident in Juniper Acquisition, Sees AI Gains

Hewlett Packard Enterprise (HPE) CEO Antonio Neri confirmed in an interview with Yahoo Finance that the company's acquisition of Juniper Networks is expected to close within the next few weeks. The deal, valued at $5 billion, will create a $35 billion company with networking representing more than 15%