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Nickie Louise @ Startups News 2 place · 06/25/2024 13:00 EDT

EvolutionaryScale, an AI for biology startup, raises $142M in funding to revolutionize drug discovery and bioengineering

EvolutionaryScale, an emerging AI startup at the intersection of biology and life sciences, announced on Tuesday that it has secured an impressive $142 million in seed funding. The funding will be used to develop advanced AI models capable of generating ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/25/2024 10:19 EDT

Etched, an AI startup founded by college dropouts, raises $120 million to take on Nvidia’s AI chips

Nvidia has long been the uncontested leader in the AI GPU market, but a new contender has just emerged. Etched, a two-year-old startup founded by Harvard dropouts, is stepping into the ring to challenge the chipmaking giant’s dominance with substantial ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/25/2024 09:24 EDT

Pioneering the Future of Borderless Real-World Asset Transactions

Real-world assets (RWAs) have the potential to become a borderless and boundless disruptive technological advancement — but they face global barriers to adoption. These barriers arise in the face of international transactions, regulatory navigation, and verification practices. However, Web3 can ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/24/2024 21:51 EDT

Federal Reserve hacked? Hacker group LockBit claims to have hacked the Federal Reserve; threatens to release 33TB of data

The infamous hacker group LockBit announced it breached the U.S. Federal Reserve. On its Tor data leak site, the group claimed to have exfiltrated a staggering 33 terabytes of sensitive information, which allegedly includes confidential banking details of American citizens. ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/24/2024 13:33 EDT

Did OpenAI just secretly acquire Multi?

Less than a week following its acquisition of enterprise data startup Rockset, OpenAI has reportedly added another tech startup to its portfolio: Multi. This news was first reported on Hacker News, with no major news outlets confirming the acquisition, except ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/24/2024 12:39 EDT

AI startup companies Suno and Udio sued by major music labels for copyright infringement

In a major legal challenge that could have widespread implications across the AI industry, major record labels Sony Music, Universal Music Group (UMG), and Warner Records have filed lawsuits on Monday against generative AI startups Suno and Udio. The lawsuits, ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/24/2024 11:53 EDT

Paris-based startup Skynopy secures $3.1M in funding to simplify mobile phone connectivity for LEO satellites

Paris-based space startup Skynopy has raised $3.1 million in a swift funding round to bring simple and seamless mobile phone connectivity to low earth orbit (LEO) satellites. Impressively, the funding was secured in just three weeks, just a few months ... Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 06/24/2024 11:13 EDT

Blockchain Basics: Understanding Oracles & Price Feeds in Web3

Blockchain oracles are key to enabling a wide range of decentralized applications. They play the role of a trusted third party, querying, verifying, and authenticating external data so it can be used by smart contracts, and in turn, power the ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 06/24/2024 10:34 EDT

Apple in talks with Meta on major AI partnership

While Apple and OpenAI have just made their partnership official, other tech giants are eagerly vying for a spot on the Apple Intelligence bandwagon — including some of Apple’s fiercest rivals. The latest is Meta. According to an exclusive report ... Read more ›

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Startups News
Nickie Louise @ Startups News 3 place · 06/24/2024 09:42 EDT

Nvidia-backed AI startup Synthesia now lets you create multilingual presentations from your phone

In April, we wrote about Synthesia after the Nvidia-backed AI startup unveiled new emotion-reading AI avatars. Dubbed “Expressive Avatars,” Synthesia’s AI Avatars are designed to bridge the gap between the virtual and real worlds by conveying human emotions through text ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 06/21/2024 15:43 EDT

OpenAI acquires enterprise data startup Rockset to bolster real-time analytics

OpenAI has acquired enterprise analytics startup Rockset to leverage data more effectively across its suite of products and  “power our retrieval infrastructure across products,” the company said in a blog post on Friday. The announcement comes just a day after ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 06/21/2024 11:31 EDT

Would you trust Elon Musk’s X to be your new bank?

Elon Musk, the visionary billionaire behind Tesla and Neuralink, is setting his sights on a new industry: financial services. Now, Musk’s X (formerly Twitter) wants to be your new bank he eyes the expansion of the social network platform into ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 06/20/2024 20:09 EDT

Energy giant EDF subsidiary Exaion joins Cronos as a blockchain validator to bolsters security

Exaion, a subsidiary of France’s state-owned energy giant EDF (Électricité de France), has partnered with Cronos to become a validator on its blockchain network as part of the effort to boost security. The collaboration will enable Cronos to enhance its ... Read more ›

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