Tuesday, March 12, 2024

Polar Signals wants to help companies cut cloud costs with more efficient code

A young startup is setting out to help enterprises cut their cloud costs by writing “more efficient” code — and it has secured $6.8 million in fresh funding from notable backers including Alphabet’s GV, Spark Capital, and Lightspeed. Polar Signals, as the company is called, kicked off its seed round back in 2021 with $4 […]

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Bluesky scoops up the developer of popular third-party app, Graysky

Decentralized Twitter/X rival Bluesky is adding to its ranks by scooping up a member of its developer community. London-based software engineer Samuel Newman, who built the well-received third-party Bluesky client, Graysky, is joining the startup, where he will now help develop Bluesky’s official app along with the rest of the frontend team. Given his change […]

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Applied Intuition lands $6 billion valuation for AI-powered autonomous vehicle software

Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to have nailed […]

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Should artists be paid for training data? OpenAI VP wouldn’t say

Should artists whose work was used to train generative AI like ChatGPT be compensated for their contributions? Peter Deng, VP of consumer product at OpenAI — the maker of ChatGPT — was loath to give an answer when asked on SXSW’s main stage this afternoon. “That’s a great question,” he said when SignalFire venture partner […]


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Monday, March 11, 2024

Inclusivity-focused VC Ada Ventures pulls in $80M for second fund

UK-based Ada Ventures is an unusual VC. Instead of just talking about SaaS or AI, it hunts down founders addressing inclusivity and diversity. Instead of confusing LPs with this methodology, it’s attracted them, thus hitting the $80 million mark for the final close of its second fund (it reached $44.7 million as its first close […]

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Backed by Leonardo DiCaprio, YC alum SolarMente wants to help democratize solar power in Spain

Barcelona-based cleantech startup SolarMente recently added Leonardo DiCaprio to its cap table, hence becoming the actor's and activist's first investment in the country.

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Zomato’s Blinkit sprints to quick commerce dominance in India

Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier where the model remains vibrant. India’s quick commerce market has witnessed a staggering 10-fold growth between 2021 and 2023, fueled by the sector’s ability to cater to […]

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The loneliness of the robotic humanoid

Perhaps a few years from now, the halls of the Georgia World Congress Center will be peppered with humanoid robots the week of Modex. In 2024, however, Digit stands alone at the supply chain show. It’s a testament to Agility’s healthy head start over competitors like Figure, Tesla, 1X and Apptronik. This time last year […]

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Moonbird’s relaxation device takes flight internationally

“Well it looks like you had some fun recently,” a friend said as he joined me for coffee. There, in the middle of my dining room table, is a device that does, now that he mentions it, look an awful lot like a sex toy. Moonbird‘s raison d’etre isn’t to raise your pulse and get […]

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Four things we learned when US spy chiefs testified to Congress

Cyberattacks, regional conflict, weapons of mass destruction, terrorism, commercial spyware, AI, misinformation, disinformation, deepfakes, and TikTok. These are just some of the top perceived threats that the United States faces, according to the U.S. government’s intelligence agency’s latest global risk assessment. The unclassified report published Monday — sanitized for public release — gave a frank […]

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Watch: Elon Musk, Sam Altman and the rest of the billionaires are fighting over the future of AI

The scrap over who should run OpenAI, and how it should be managed is still the hottest topic in tech. Most recently, former co-founder and backer Elon Musk sued the AI company best known for ChatGPT and its work with Microsoft for what he considers to be an abandonment of its founding principals. That suit […]

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Bluesky is funding developer projects to give its Twitter/X alternative a boost

Would-be Twitter/X rival Bluesky is looking to more directly invest in its developer community in order to foster growth. The company last week announced “AT Protocol Grants,” a new program that will dole out small grants to developers building on its new social networking protocol. Initially, Bluesky said it would release $10,000 in grants of […]

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Alphabet spin-off SIP launches Verrus, a data center concept built around battery ‘microgrids’

Sidewalk Infrastructure Partners — the Alphabet spinout that focuses on building and backing new approaches to complicated infrastructure problems in areas like power, broadband and waste management — has launched its latest project, a new concept for more flexible data center energy management called Verrus. Verrus incorporates “microgrids” based on advanced, high-power batteries with software […]

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