Former Google employee Jack Yu is in the process of raising $500 million for a fund that is connected to Alphabet’s research and development organization known as X. Yu, who previously worked at Google’s parent company Alphabet, is looking to secure investments for this fund which is aimed at supporting ambitious and innovative projects. This … Read more
Cisco Investments, the corporate venture investment arm of Cisco, has announced the launch of a $1 billion AI investment fund to support the startup ecosystem and enhance the development of secure AI solutions. The fund has already allocated nearly $200 million to companies like Cohere, Mistral AI, and Scale AI, with a focus on improving … Read more
Cisco has announced the launch of a $1 billion fund dedicated to investing in startups and solutions focused on artificial intelligence (AI). The fund is part of Cisco’s efforts to advance technology and innovation in the AI space. The company is seeking to support promising AI startups and solutions that have the potential to make … Read more
Cisco has recently announced the launch of a £782 million ($1 billion) artificial intelligence (AI) fund in order to invest in AI startups. The company’s investment division has already committed almost £156 million ($200 million) to startups such as Cohere, Mistral AI, and Scale AI. Scale AI, an AI data startup, is currently valued at … Read more
Fund manager, Stephen Yiu, believes an “overlooked” chipmaker could potentially outperform Nvidia in the future. He points to the chipmaker’s billions in AI chip sales as evidence of its potential growth. Despite Nvidia’s dominance in the market, Yiu sees this lesser-known company as a strong competitor with room for growth. Yiu, who manages the Blue … Read more
China is making moves to bolster its domestic semiconductor industry by creating the largest semiconductor investment fund in its history, called Gran Fondo III. This fund has raised 344 billion yuan (about $48 billion) from the Chinese central government, banks, and state-owned enterprises. The goal is to circumvent the US government’s ban on chips from … Read more
Over the past 25 years since its founding, technology has brought significant changes, particularly in the Asia-Pacific region where it is home to the majority of the world’s internet users. The rise of smartphones and the mobile economy has had a profound impact in this region. The next big change on the horizon is AI, … Read more
At the recent Nvidia GTC conference, industry experts discussed the potential impact on Nvidia stock. The conference featured key speakers who provided insights into the future of the company and its stock performance. Nvidia is a leading technology company known for its innovative products in the graphics processing unit (GPU) market. Analysts and investors are … Read more
Google accidentally deleted a $125 billion pension fund account due to a misconfiguration in its Google Cloud service. This mishap affected more than half a million UniSuper fund members, leaving them without access to their accounts for a week. UniSuper is an Australian retirement fund that caters to employees in the high education and research … Read more
Wall Street was broadly flat in Thursday midday trading in New York, with the S&P 500 Index attempting to mark its fifth consecutive day of gains as an inline PCE inflation report dispelled expectations of an impending Fed rate hike. The core PCE price index, the Fed’s preferred inflation gauge, came in at 4.2% year … Read more