In 2021, the Cisco Foundation committed $100 million over a decade to fight climate change, supporting startups and nonprofits tackling the issue. With extreme weather events on the rise, the importance of these efforts is growing. We spoke with Maria of Wysocki, Cisco’s chief sustainability officer, to learn more about their climate innovation. Maria highlighted … Read more
Investing in NVIDIA (NVDA) has yielded substantial returns for investors, but the stock’s high valuation may limit future returns. Looking at other growth stocks or investing in an exchange-traded fund (ETF) like the Invesco QQQ Trust (QQQ) could be a more profitable long-term strategy. The QQQ fund tracks the Nasdaq 100 index and provides exposure … Read more
Cloud computing startup Lambda Labs is in talks to raise an additional $800 million to take advantage of the growing demand for artificial intelligence and the shortage of advanced graphics processing units. This funding would add to the $320 million raised by the company earlier this year, and would help fund the expansion of its … Read more
Excavation work has been ongoing at the site in Cedar Rapids where a $576 million Google data center is proposed. Heaviside LLC, the developer behind the project, recently closed on the land, and grading has begun. While officials did not confirm the construction of the data center, progress is being made. The city’s development agreement … Read more
Brookstone Capital Management has increased its stake in International Business Machines Co. by 1.6% in the first quarter, according to the latest SEC filing. The fund now owns 18,187 shares of IBM, worth $3,473,000. Various other hedge funds and institutional investors have also adjusted their holdings of IBM recently. Analysts have weighed in on IBM, … Read more
AWS, the cloud computing division of Amazon, has launched a $50 million program aimed at increasing the use of generative AI in government operations. The goal of this initiative is to help government agencies leverage the power of artificial intelligence to improve efficiency and effectiveness in various areas. Generative AI refers to technology that can … Read more
Google Cloud has announced the launch of two versions of its AI model, Gemini 1.5 Flash and Pro, to the public. Gemini 1.5 Flash is a small multimodal model with a 1 million context window designed for narrow, high-frequency tasks. On the other hand, Gemini 1.5 Pro is the most powerful version of Google’s LLM, … Read more
Amazon Web Services (AWS) announced a new initiative at the AWS Summit in Washington, D.C., launching the Children’s Health Innovation Award, also known as the Imagine Grant. This initiative will provide $7 million in cloud-based data resources for pediatric research, maternal and child health, and supporting pediatric workers and caregivers. Additionally, AWS has awarded $1 … Read more
The Secure multi-party computing (SMPC) market is expected to grow from $824 million in 2024 to $1,412 million in 2029, with a compound annual growth rate of 11.4% due to the increasing demand for secure data processing solutions. SMPC allows data to be calculated together without exposing it to all parties involved, addressing concerns about … Read more
Axelera AI, a startup based in the Netherlands, recently secured $68 million in series B financing for its innovative AI processing units (AIPUs) designed to run computer vision inference workloads at the edge. The company aims to expand its product offerings to address the computing needs of next-generation AI workloads, positioning itself as a key … Read more