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Venture

Ecosia and Qwant Team Up to Challenge Google's Search Dominance

Two European search engines, Ecosia and Qwant, are joining forces to build a European search index and reduce their dependence on US tech giants like Google, reports CNBC. The companies have formed a joint venture, called the European Search Perspective (EUSP), with equal ownership. The venture, set to launch in

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

Open Source Projects Find Funding Lifeline as Corporates, Startups Step Up

A growing shortage of funding for crucial open source technologies is leading to a surge in support from startups, corporations, and even venture capital firms, reports TechCrunch. Recognizing the critical role open source plays in their success, companies are stepping up to support these projects. Bloomberg launched its FOSS (free

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