AMD is set to acquire Finland’s Silo AI for $665 million, underscoring its commitment to artificial intelligence (AI) innovation. Simultaneously, CyrusOne has secured $9.7 billion in new financing to expand AI infrastructure, while semiconductor manufacturing firm TSMC surpasses revenue expectations fueled by strong AI chip...
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital...
Canada’s Sanctuary AI has landed new funding to create “humanlike intelligence in general purpose robots.” The unspecified funding amount, announced Wednesday (July 3), came from venture capital investor BDC Capital and the province of British Columbia’s InBC fund, and brings total investment in Sanctuary to more...
Thanks to AI, American venture funding reached its highest quarterly total in two years. Venture capital (VC) investments for the second quarter came to $55.6 billion, Reuters reported Wednesday (July 3), citing data from PitchBook. That figure marks a 47% increase over the $37.8 billion...
July 11, 2024
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced […]
July 17, 2024
Anthropic and Menlo Ventures have launched a $100 million fund for artificial intelligence (AI) startups. “We created this fund to fuel the next generation of AI startups through the powerful combination of Menlo’s extensive company-building experience and Anthropic’s pioneering AI technology and deep research expertise,” Menlo said in a news release Wednesday (July 17). “Through […]
July 03, 2024
Canada’s Sanctuary AI has landed new funding to create “humanlike intelligence in general purpose robots.” The unspecified funding amount, announced Wednesday (July 3), came from venture capital investor BDC Capital and...
July 03, 2024
Thanks to AI, American venture funding reached its highest quarterly total in two years. Venture capital (VC) investments for the second quarter came to $55.6 billion, Reuters reported Wednesday (July...
June 21, 2024
Ten years from now, artificial intelligence (AI) will be 10,000 times smarter than humans, SoftBank CEO Masayoshi Son reportedly said Friday (June 21). Speaking during SoftBank’s annual general meeting of shareholders, Son...
