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SiFive, Inc., recognized as the gold standard in RISC-V computing, has unveiled its latest innovation, the SiFive Performance P870-D datacenter processor. This new processor is designed to meet the demanding needs of highly parallelizable infrastructure workloads such as video streaming, storage, and web appliances. By combining the P870-D with products from the SiFive … [Read more...] about SiFive Announces New SiFive Performance P870-D Datacenter Processor

DevRev, an AI-native platform designed to unify customer support and product development, has completed a $100.8 million Series A funding round, bringing its valuation to $1.15 billion. This round caps three years of accumulated investments, with backing from leading investors such as Khosla Ventures, Mayfield Fund, and Param Hansa Values, the family office of CEO Dheeraj … [Read more...] about DevRev Secures $100.8M in Series A Funding, Reaching $1.15 Billion Valuation

The narrative of an impending AI bubble, reminiscent of past tech booms and busts, has gained traction recently. Skeptics warn that the rapid advancements and investments in artificial intelligence could lead to an unsustainable surge, inevitably ending in a dramatic collapse. However, a closer examination of the current landscape reveals a different story. The growth in AI is … [Read more...] about The AI Boom: Why Fears of an AI Bubble Are Overblown and Growth is Sustainable

Wix.com Ltd, the renowned SaaS website builder platform, has reported robust financial results for the second quarter of 2024, showcasing accelerated growth in bookings and revenue, driven by strategic product initiatives and expanding market presence. The company's total bookings reached $458.4 million, marking a 15% year-over-year increase, attributed to the strong uptake of … [Read more...] about Wix Reports Strong Q2 2024 Results

Asahi Group, The Norinchukin Bank, and Hitachi High-Tech Begin Company-Wide Deployment of Box AI to leverage Unstructured Data TOKYO, August 06, 2024 - Box, Inc. (NYSE:BOX), the Intelligent Content Cloud, today announced that Box AI for Documents and Notes is available with unlimited queries for Enterprise Plus customers and is rapidly growing in Japan. Asahi Group Japan, … [Read more...] about Box AI, with Unlimited Access to Generative AI, Accelerates Adoption in Japan

The DOE Hydrogen Program is a comprehensive initiative designed to explore and advance the use of hydrogen as a replacement for traditional fuels, aiming to provide modern energy services and support various industrial processes. According to the updated report by the Congressional Research Service, the program encompasses over 400 projects managed by universities, national … [Read more...] about DOE Hydrogen Program Appropriations: FY2025

Marathon Fusion, a pioneering startup in the fuel processing technology sector for the fusion industry, has successfully raised $6.9 million in a new funding round. This financial boost was led by 1517 Fund and Anglo American, with significant contributions from Übermorgen Ventures, Shared Future Fund, Malcolm Handley, and other prominent investors. Additionally, Marathon … [Read more...] about Marathon Fusion Secures $6.9M in Funding to Revolutionize Fusion Fuel Processing

3M (NYSE: MMM) has made a strategic investment in Ohmium International, a company specializing in electrolyzer systems for green hydrogen production. This investment underscores 3M's commitment to fostering emerging climate technologies and supporting the transition to a low-carbon economy. The collaboration aims to explore further decarbonization of 3M's operations and enhance … [Read more...] about 3M Invests in Ohmium International to Advance Green Hydrogen Production

Funding led by Lightspeed Venture Partners will allow Exa to scale their first search product and become the data layer for AI applications. SAN FRANCISCO, July 16, 2024 - Exa, an AI research lab redesigning search for the AI age, announced $22M in seed and Series A funding led by Lightspeed Venture Partners, with participation from NVentures, NVIDIA's venture capital arm, … [Read more...] about Exa Raises $22MM to Build the Search Engine for AI

Funding to accelerate company growth and drive decarbonization with sustainable, high-efficiency motor systems AUSTIN, Texas, July 16, 2024 - Infinitum, creator of the sustainable air-core motor, today announced it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group. The additional funding brings the company’s … [Read more...] about Infinitum Secures $35 Million Series E Extension Amid Rapid Growth