The European Union has announced the winners of a “Large AI Grand Challenge” it kicked off earlier this year in a bid to accelerate the pace of homegrown innovation by large-scale AI model makers. Four startups will share €1 million in prize money and — perhaps more importantly — eight million GPU hours to train … Read more
Starfish Space and aerospace giant Intelsat have signed a new satellite servicing agreement that could permanently change the paradigm for satellite operations. Under the contract, Starfish will use its Otter satellite docking spacecraft to boost the orbit of an operational Intelsat satellite in geostationary orbit (GEO), using its onboard propulsion system to potentially provide several … Read more
Just seven months after announcing a $6 million seed funding round, Hyperplane, a San Francisco-based data intelligence startup that is building foundation models for banks, announced Tuesday that it has been acquired by Brazil’s Nubank. Hyperplane was founded in 2022 by Daniel Silva, Felipe Lamounier, Rohan Ramanath and Felipe Meneses. When the company launched out … Read more
Video editing app Captions, which is backed by a16z, Kleiner Perkins, and Sequoia Captial, has launched a new feature that takes an existing unedited video and adds custom graphics, zooms, music, sound effects, transitions, and motion backgrounds based on the content. There are a few restrictions for AI edit — it should be a vertical … Read more
Creatio, the no-code CRM and workflow automation platform, on Wednesday announced that it has raised a $200 million funding round led by Sapphire Ventures. StepStone Group and current investors Volition Capital and Horizon Capital also participated in this round. “The problem we’re solving is addressing the need of knowledge workers,” Creatio co-founder and CEO Katherine … Read more
Older adults increasingly want to age in their homes rather than nursing facilities. A study by the American Association of Retired People (AARP) found that nearly 90% of people over 65 want to stay in their homes as they grow older. That means there is plenty of work for home care agencies whose staff assist … Read more
Opera said today it is releasing Opera One’s second version in developer beta with features including new multimedia controls, split tabs, and new AI capabilities. The company is introducing new themes and design elements to give Opera One R2 a fresh look. The company has traditionally placed the multimedia controls on the sidebar. But with … Read more
To date, most of the hottest software platforms in the ClimateTech space have been about carbon accounting, offsets, removals, and regulatory disclosure. For instance, New York’s Persefoni (accounting) raised $164.2 million to date, Plan A (accounting/monitoring) in Berlin raised $43 million and at the lower end, Supercritical (removals) raised $15.8 million while CUR8 (removals) raised … Read more
GM’s Cruise has appointed Marc Whitten — a video game veteran who was a founding engineer at Xbox and Xbox Live— as CEO. The Cruise CEO position has been vacant since December when co-founder Kyle Vogt resigned as part of a broader executive shakeup following an October 2 incident that saw a pedestrian run over … Read more
VW Group will invest $1 billion into EV startup Rivian as part of a software development deal that could expand to as much as $5 billion. The deal, which was announced Tuesday afternoon, sent Rivian’s shares up more than 36% in after-hours trading. The two companies will create a 50-50 joint venture focused on next-generation … Read more