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TipRanks reports that Cisco Systems is making waves in the AI sector with plans to invest in CoreWeave, an AI startup valued at $23 billion. Authored by Sheryl Sheth, the article delves into CoreWeave’s plans for a secondary offering and a possible IPO next year. Led by Michael Intrator, CoreWeave is gaining buzz as Cisco aims to strengthen its position in the AI infrastructure market. This investment could boost Cisco's future networking product demand. https://lnkd.in/eyhffj3Y #AI #ArtificalIntelligence

🚀 Exciting news in the world of AI and cloud computing! TensorWave, an innovative AI GPU cloud platform, has just closed a remarkable $43 million SAFE funding round—the largest of its kind for a startup in Nevada! 🎉 This investment, led by Nexus VP, marks a significant milestone not only for TensorWave but also for the entire tech ecosystem in Nevada. As someone deeply embedded in the IT industry, I see this funding as a pivotal moment. The growth of AI technology relies heavily on robust cloud computing solutions, and TensorWave is positioning itself right at the forefront of this demand. This influx of capital will likely accelerate their development of advanced AI compute solutions, directly impacting how businesses leverage AI for data processing, machine learning, and more. What does this mean for the industry? Here are a few key points to consider: 1. **Increased Competition**: With TensorWave gaining momentum, we can expect existing players in the AI GPU cloud space to innovate further to maintain their market position. This could lead to better services and solutions for all of us. 2. **State Innovation Hubs**: Nevada is emerging as a tech hub, which might encourage more startups to set up shop there. This could diversify the tech scene and stimulate local economies. 3. **Investment Trends**: Such a significant funding round could signal to investors that the AI field is ripe for exploration and growth. It may inspire more funding rounds for other startups focused on AI technologies. 4. **Job Creation**: With the scaling of TensorWave, we can anticipate new job opportunities in the tech sector, which is always a positive aspect for economic growth. As we witness this exciting development, I'm interested in hearing from my network! How do you see TensorWave’s success influencing your own strategies or projects? Are you considering how to harness similar technologies? Let’s discuss! 💬💡 #AI #CloudComputing #Innovation #Investment #TechTrends https://buff.ly/4eAiscJ #TensorWave #AI #Funding #Startup

Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up in global AI hardware industry https://ift.tt/2IiLnxK South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and it seems the space is already consolidating. Two of the country’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreed to merge, the companies said on […] © 2024 TechCrunch. All rights reserved. For personal use only. via TechCrunch https://techcrunch.com/ June 12, 2024 at 06:15AM

Microsoft-backed startup d-Matrix launches first AI chip Silicon Valley startup d-Matrix said it is shipping its first AI chip aimed at delivering services such as chatbots and video generators. D-Matrix, which has raised more than $160 million in funding to date, including from Microsoft's venture capital arm, said early customers are testing sample chips, with full shipments expected to pick up next year. D-Matrix's chip is specifically designed to help handle requests from a lot of users at once on a single chip, even as those users continue to ask the AI system for new responses or tweaks to a video that they've asked the system to generate. #vlsi #ai #microsoft #aichip #electronics https://lnkd.in/g95x3-We

Exciting developments in the AI world: Groq, an innovative chip startup, has just landed a staggering $640 million in Series D funding. This impressive haul boosts their valuation to $2.8 billion, marking them as a serious player in the tech arena. Industry heavyweights Cisco Investments, Samsung Catalyst Fund, and BlackRock Private Equity Partners are leading the charge, clearly seeing massive potential in Groq's vision. What sets Groq apart? Founded by former Google executive Jonathan Ross, the company is revolutionizing AI hardware with their laser focus on inference chips. These specialized processors promise groundbreaking speed and cost advantages, potentially reshaping the entire AI landscape. With this fresh influx of capital, Groq is poised to accelerate their innovations and challenge the status quo in the competitive AI chip market. The tech world is buzzing with anticipation - Groq's next moves could redefine the future of AI processing. #GroqRevolution #AIChipBreakthrough #TechInnovation #FutureOfAI For more details, check out: https://pse.is/6as7tc

🚨 Groq's remarkable funding success has just gotten even more exciting! Not only is the tech world buzzing with anticipation, but we at Assured Asset Management are thrilled to have also participated in this groundbreaking investment round! 🥳 As passionate believers in the transformative power of frontier technologies, we recognized Groq's immense potential early on. Our investment strategy focuses on identifying disruptive companies that can shape the future of their respective industries, and Groq fits this bill perfectly! Groq's innovative inference chip technology addresses a critical bottleneck in AI deployment—the need for faster, more efficient, and cost-effective processing. By revolutionizing AI hardware, they are paving the way for countless real-world applications, from data centers to edge devices. This aligns perfectly with our vision of supporting companies that drive technological progress and create long-term value. https://lnkd.in/gmgPGK65 Groq will be also be pivotal as Gen AI LLMs as a whole makes the transition from training to inferesnce and Groq looks poised to take a front seat in this drive. Do check out Groq’s play ground and try it out to see the speed of inference. https://lnkd.in/g_KVi_6b #GroqRevolution hashtag#AIChipBreakthrough hashtag#TechInnovation hashtag#FutureOfAI

𝗙𝗮𝗿𝗮𝗱𝗮𝘆 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝘀 𝗰𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗲𝘀 𝘁𝗵𝗲 𝘀𝘁𝗮𝗿𝘁-𝘂𝗽𝘀 𝗖𝗥𝗡 𝗲𝗱𝗶𝘁𝗼𝗿 𝗗𝘆𝗹𝗮𝗻 𝗠𝗮𝗿𝘁𝗶𝗻 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝗱 𝗶𝗻 𝗵𝗶𝘀 𝗹𝗶𝘀𝘁 𝗼𝗳 "𝗧𝗵𝗲 𝗧𝗲𝗻 𝗛𝗼𝘁𝘁𝗲𝘀𝘁 𝗦𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗦𝘁𝗮𝗿𝘁-𝗨𝗽𝘀 𝗼𝗳 𝟮𝟬𝟮𝟱." Dylan recognized these entrepreneurs' innovative design techniques and ambitious ideas for building a faster and more efficient AI infrastructure. The ten companies are divided into two groups. One group focuses on enhancing AI compute performance and efficiency at the edge and in data centers. At the same time, the other is dedicated to issues like overcoming interconnect performance and memory bandwidth limitations. Thanks, Dylan, for your diligent research. Read the full article at https://lnkd.in/gJSHmbg4 #ai #aiinferencing #aicompute #startups #edgeai #datacenter

Have a new billion dollar idea and want to implement cutting-edge technologies? NVIDIA and Microsoft are teaming up to empower AI startups, starting with healthcare and life sciences. This new initiative, unveiled at the HLTH innovation conference, opens doors for startups to access cutting-edge AI tools, cloud computing power, and expert guidance. Why this matters: - NVIDIA Inception offers AI credits, exclusive pricing on advanced tools, and access to specialized platforms like NVIDIA Clara for healthcare. - Microsoft for Startups provides $150,000 in Azure credits, business tools worth up to $200,000, and priority go-to-market support. - Together, they’re offering hands-on workshops and technical support to help startups scale faster and make a real-world impact with AI. It’s a powerful opportunity for startups to push boundaries and transform industries with AI. Link in the comment #AI #NVidia #Startups

https://okt.to/PWfT6Q Juniper Networks, which is set to be bought by Hewlett Packard Enterprise by early 2025, has revealed this week that it has invested in artificial intelligence startup Recogni as part of a $102 million late-stage funding round, according to the two companies. San Jose, Calif.-based Recogni said it will collaborate with networking specialist Juniper Networks to build an AI inference system that can be installed in server racks. Specifically, the partnership will have the two companies building inexpensive, scalable, and energy-efficient offerings for running complex AI models across cloud environments and data centers, which will rely on Recogni's patented AI inference accelerator technology. Recogni’s $102 million Series C funding was co-led by Celesta Capital and GreatPoint Ventures in February. Juniper Networks disclosed this week that it was part of the late-stage funding roun

Earlier this year, Hewlett Packard Enterprise said it would buy Juniper Networks for $14 billion in an all-cash deal, as it looks to spruce up the company's AI offerings. The AI startup is developing its second chip for generative AI with chipmaker Taiwan Semiconductor Manufacturing Co and the inference system is set to go into production in 2026, Recogni said. The startup in August unveiled a novel computing method that could make its chips used to train and run artificial intelligence systems smaller, faster and less expensive to operate. The fundraising round was co-led by venture capital firms Celesta Capital and GreatPoint Ventures, the startup said; however, it did not disclose a valuation figure. Venture capital arms of BMW, Bosch and Toyota had invested in the AI firm previously.   https://lnkd.in/gHqsB5Ek   Recogni Hewlett Packard Enterprise Juniper Networks #AI #Generative BMW Group Bosch Toyota Motor Corporation Celestra Capital GreatPoint Ventures TSMC   Another excellent article on Generative AI and ROI - https://lnkd.in/ggs3ze8J 7 CFO tips for yielding high ROI during the rush into generative AI - https://lnkd.in/gRvc2G3z #GenerativeAI #ROI #Security #DataQuality #Datagovernance #scaling