Altaf Khan’s Post

Discover the latest move in the AI sector, where Groq, an AI inference startup, has secured a whopping $640 million in their recent Series D funding. This landmark funding round, participated by giants like BlackRock and Neuberger Berman, propels Groq closer to industry leader NVIDIA, despite the looming challenges in the AI hardware market. Explore more about how this funding could reshape the competitive landscape in AI technology. Don't miss out on the detailed insights provided by Mark Beccue and Chirag Dekate, Ph.D. in this intriguing read! https://lnkd.in/eiCpe-Rn #AI #ArtificalIntelligence

More competition in GPUs is actually critical to the success of Gen AI. Without competition, Nvidia has no incentives to lower GPU prices, keeping prices high and not lowering the costs of running GenAI solutions. Another challenge is CUDA framework support. As far as I know, it only supports NVidia GPUs.

Nvidia's latest earnings report last night reignited the AI frenzy and sent the stock market to new highs. Within just one day, Nvidia added the value of 1 whole Netflix to its market value and knocked on the door to the $2 trillion valuation club. This set the record for the biggest single-day market cap gains, with Meta in the second place which just set the record on Feb 2 this year. Now let's look at the AI startup landscape in general. The first three weeks of February saw more than $2.6 billion invested into artificial intelligence startups, including a half-dozen rounds of $100 million or more.

AI Tech News #DiunaAIspotlight Exciting news in the AI industry! Groq, an innovative startup specializing in AI chip technology, has successfully secured $640 million in funding to take on giants like Nvidia. The funding round, led by Blackrock and joined by Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund, brings Groq's total investment to over $1 billion. This significant milestone underscores the growing interest and investment in enhancing the speed and efficiency of generative AI models. Stay tuned for more updates on how this funding will propel advancements in AI technology. Follow our page for the latest updates, insights, and innovations! Visit www.diuna.ae to check your company's readiness for AI. #AI #TechTrends #Innovation #TechForGood #ArtificiaIintelligence #technology #AInews #FutureTech #DiunaTechnologies #GenAI #AI #TechInnovation #StartupSuccess #Groq #AIChip

Attention #STARTUPS! This is BIG! The latest release from Meta, Llama 3.2, has just reshaped how startups can approach AI innovation, and it's game-changing! What's particularly exciting? The smaller models in Llama 3.2 now enable processing on Arm , MediaTek and Qualcomm devices. This means AI is no longer tied to the cloud—processing can happen right on edge devices! Why is this monumental for startups? 1. Faster AI Performance on Mobile: Processing data locally reduces latency, providing real-time insights and interactions on mobile devices without relying on cloud infrastructure. 2. Cost-Effective Innovation: For startups looking to scale, cloud-based AI can be expensive. Local processing helps slash these costs, making cutting-edge AI more accessible. 3. New Horizons for Mobile-First Products: Startups now have the ability to integrate advanced AI directly into mobile-first solutions, offering smarter, more responsive apps without the dependency on network connectivity. For any founder, CTO, or product lead, this marks a significant leap forward. Llama 3.2 opens the door for agile, AI-driven innovation, giving startups the flexibility to innovate faster and at a lower cost - exactly what’s needed to stay ahead in today’s competitive landscape. This is exciting news for innovative startups following/part of Accelerators, associations and incubators like Y Combinator, Antler , Plug and Play Tech Center , Techstars , STATION F , Viva Technology , 500 Startups , MassChallenge , SOSV , Innovation Works , Alchemist Accelerator, Capital Factory , AustrianStartups, Swiss Startup Association, Startup Wise Guys , as I am sure Llama3.2 will enable them to make AI more accessible for all! #AIInnovation #Startups #Llama3 #EdgeAI #MobileAI #CTO #TechTransformation #Qualcomm #ARM #AI #llama32 LinkedIn let everyone know!

UNICORN WATCH THIS WEEK: Reddit has at last submitted its IPO filing, nearly two decades after the platform's inception. Meanwhile, Magic AI has secured $117 million to advance the development of an AI designed to function more like a software engineering colleague rather than a co-pilot. Reddit, Inc. has submitted its initial public offering with the ticker symbol RDDT. This IPO follows nearly twenty years since the platform's inception. The company reported an average of 73.1 million daily active users and 267.5 million weekly active users. Monzo Bank intends to raise up to £350 million in financing in the next two weeks from a combination of new and existing investors. This would value the digital bank at approximately £4 billion, marking an increase from the £3.5 billion valuation it received in 2021. Moonshot AI has raised over $1 billion in a funding round, resulting in a post-valuation of more than $2.3 billion. Major Chinese tech companies such as Alibaba Group participated in this round. The artificial intelligence startup was founded in China by one of the country's leading AI researchers. NAVER Corp intends to launch an initial public offering (IPO) for its online comic platform, WEBTOON division, in the United States during the upcoming summer. The corporation aims to secure up to $500 million, valuing the division at $3-4 billion. Freenome has raised $254 million in fresh funding. The company will utilize the funds to develop tests that harness machine learning alongside signals from both tumor and non-tumor sources to detect cancer in its early stages. Magic has garnered $117 million in a Series B funding in a round led by Nat Friedman and Daniel Gross. The startup is focusing on developing an Artificial Intelligence Software Engineer that acts as a coworker rather than a copilot. Medical Microinstruments, Inc. has secured $100 million from investors in a Series C round. The company intends to utilize the funding to facilitate the rollout of its Symani system, a miniature surgical robot designed to assist surgeons in suturing the most delicate blood tissues and vessels. Eigen Labs has been awarded $100 million in funding from Andreessen Horowitz. EigenLayer specializes in staking, which involves depositing tokens to the network to assist in validating transactions on the blockchain. Recogni has secured $100 million in a Series C funding round following its expansion into designing accelerator chips for generative AI. These chips will be tailored specifically for inference tasks, where a trained AI model generates predictions based on new data. Firefly Bio has recently emerged from stealth mode with $94 million secured in a Series A funding round, led by Versant. The company is dedicated to developing a novel category of therapies aimed at combating cancer. #technews #preipo #privatemarkets #unicorns #ipo #venturecapital

Scale AI valued at $14 billion in Nvidia, Amazon-backed funding round Top tech companies are swiftly integrating AI into their products and services. Startups that meet the growing demand for AI chips and machine learning have become a bright spot in the otherwise slow private funding market. #ScaleAI #AIInvestment #TechFunding #MachineLearning #EnterpriseData #DEFCON31 #AIInnovation #VentureCapital #TechNews #AIStartups #USDepartmentOfDefense #AIResearch #SafeAI #AIInitiatives #BigData #SiliconValleyTech #EmergingTech #FutureOfAI #AIandDefense #AIandTechIndustry #StartupGrowth #TechInvestors #AIIn2024 #InnovativeTech #DataScience #NextGenAI #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

🚨 How does it feel when your portfolio startup is acquired by NVIDIA? Awesome! 🚀 It can now be disclosed that NVIDIA is acquiring our portfolio artificial intelligence startup Deci AI! 👏 Congratulations to the founders Yonatan G., Jonathan Elial, and Ran El-Yaniv, as well as fellow investors Insight Partners, Square Peg, Emerge Ventures, Jibe Ventures, Vintage Investment Partners, ICON - Israel Collaboration Network etc. 👉 Read more on Calcalist: https://lnkd.in/diSPt4Jc A few reflection points: 1/ Nvidia is very active in Israel, having previously acquired Run:ai earlier in 2024, Excelero in 2022, and started with the $6.9B acquisition of Mellanox Technologies in 2019. Now there are more than 4,000 Nvidia engineers in Israel. 2/ Deci AI was founded in 2019 and has since raised $55M in financing. We participated in the seed round when Sharin Fisher first brought the deal, then doubled down during Series A with Sharin as the lead and Victor Orlovski's active involvement. We were honored to serve on Deci AI's BoD as well. 3/ Nvidia commented on the deal 🗣️: "NVIDIA's expertise in AI will be complemented by Deci's capabilities in NAS, which automates the design of deep learning models to improve performance. Deci's engineering team has knowledge in NAS, Foundational Models, Inference, and in developing complex algorithms." This is a great appreciation of Deci AI's mission to enable deep learning models to run efficiently on any hardware in real-time. 4/ I hope that soon AI models will be built, optimized, and operated in various other environments, such as cloud or even mobile, of course with the help of Deci AI as part of Nvidia. I'm really looking forward to it! 🙏 Congratulations to my fellow colleagues at R136 Ventures, especially Victor Orlovski and Evgeny Pestryakov as well as Tom Dennedy, Ratan M. and again, to the founders and Deci's team – it was a pleasure for us to support such great entrepreneurs, engineers, and operators!

The $2.8 Billion AI Startup Taking On NVIDIA Armed with a newly raised $640 million, Groq CEO Jonathan Ross thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for AI from scratch. They explained the difference between LPUs and GPUs and ….. #Growth #AI #Startup #Investment #LPU #Forbes l YouTube l Forbes l Richard Nieva

💰 #ElonMusk's xAI Raises $5 Billion and Doubles Valuation 🚀 📊 STARTUP SNAPSHOT - Founded: 2023 - Total Funding: $16 billion - Key Product: Colossus 100k H100 training cluster - Category: AI/ML Infrastructure 💫 NEWS HIGHLIGHT xAI's significant $5 billion raise elevates its valuation to $50 billion, bolstering its AI capabilities on a colossal scale. 💡 INNOVATION ANGLE - Technical Edge Expanding the computational power for cutting-edge AI model training - Market Opportunity Doubling their competitive edge in a market valuated at billions. - Business Model Building AI services at a massive scale 🏗️ GROWTH METRICS - Customer Growth: Ongoing collaborations with key industry players - Market Penetration: Strengthens global presence in AI computing 🔮 STARTUP TRAJECTORY - Near-term (6 months) Enhance AI model training capabilities - Scale-up (12-18 months) Expand into new tech verticals through further partnerships 💪 COMPETITIVE EDGE Positioned against top competitors, leading with superior tech infrastructure. #AIStartups #VentureCapital #AIInfrastructure #StartupLife #xAI