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Elon Musk’s xAI Raises $6 Billion in Equity Financing to Compete in the AI Market

On Thursday, Elon Musks artificial intelligence startup, xAI, revealed that it had raised over $6 billion in equity funding, putting it in a position

On Thursday, Elon Musks artificial intelligence startup, xAI, revealed that it had raised over $6 billion in equity funding, putting it in a position to take on other significant AI companies. With this funding, xAI can add at least one million graphics processing units to its Nashville, Tennessee, supercomputer facility. xAI, founded last year, has been aggressively pursuing market share. It recently expanded its lawsuit against OpenAI, claiming that the latter is trying to monopolise the generative AI market and drive out rivals. The postraise valuation of xAI is expected to surpass $50 billion after this fundraising campaign, whereas OpenAI recently raised $6.6 billion, increasing its valuation to $157 billion. Read More..

B2B Tech News | 15 days ago          

Bitcoin Breaks $100,000 Barrier Reaches AllTime High of $103,649 Amid Crypto Optimism

Amid excitement about the U.S. administrations stance on cryptocurrencies, Bitcoin reached an alltime high of $103,649 on Thursday, breaking beyond $1

Amid excitement about the U.S. administrations stance on cryptocurrencies, Bitcoin reached an alltime high of $103,649 on Thursday, breaking beyond $100,000 for the first time. An increasing institutional interest in digital assets and Presidentelect Trumps appointment of procrypto Paul Atkins to head the SEC contributed to this milestone. This year, the value of Bitcoin has more than doubled, and the total market capitalisation of cryptocurrencies is now over $3.8 trillion. Analysts credit the approval of Bitcoin exchangetraded funds and significant institutional investments with driving the boom. Bitcoins ascent is a turning point in its development from a fringe asset to a widely used financial instrument, notwithstanding worries about energy usage and governmental monitoring. Read More..

B2B Tech News | 15 days ago          

Google DeepMind Unveils Genie 2 Revolutionizing Interactive 3D Game World Creation

Genie 2, the followup to Google DeepMinds initial Genie AI model, has been released, improving the creation of dynamic 3D game worlds. With just one i

Genie 2, the followup to Google DeepMinds initial Genie AI model, has been released, improving the creation of dynamic 3D game worlds. With just one image cue, Genie 2 can generate playable, actioncontrollable 3D settings, unlike its predecessor, which was restricted to 2D surroundings. Players or AI agents can explore the constant and immersive worlds created by this sophisticated model by walking, climbing, and swimming, among other actions. Genie 2 can replicate lifelike physical effects like illumination and water ripples and supports a variety of viewpoints, including firstperson and isometric views. Genie 2, based on an autoregressive latent diffusion model and trained on large video datasets, attempts to minimise the dangers of data contamination for developers by offering AI agents specialised training contexts. Read More..

B2B Tech News | 15 days ago          

Google Unveils Veo, a Generative AI Video Model, on Vertex AI Platform

With the release of Veo, Googles generative AI video model on the Vertex AI platform, companies may now produce 1080p films in response to text or ima

With the release of Veo, Googles generative AI video model on the Vertex AI platform, companies may now produce 1080p films in response to text or image cues. Veo outperforms OpenAIs soontobe Sora in preserving details like lighting and item placement demonstrations show smooth scenes like a dog keeping its collar and fur patterns. It incorporates protections like DeepMinds SynthID watermark to stop abuse and supports footage "beyond a minute." In addition to Veo, Google also revealed Imagen 3, an enhanced texttoimage generator accessible on Vertex AI next week and includes features like photo editing and branding integration. Veo represents a breakthrough in AIdriven content despite sporadic rendering errors, underscoring Googles dominance in the cutthroat field of generative AI. Read More..

B2B Tech News | 15 days ago          

iGenius and Nvidia Unveil Plans for “Colosseum,” a WorldClass AI Data Center in Southern Italy

By mid2024, Nvidia and iGenius, an Italian AI firm, plan to establish one of the most significant installations of Nvidias GB200 NVL72 servers in the

By mid2024, Nvidia and iGenius, an Italian AI firm, plan to establish one of the most significant installations of Nvidias GB200 NVL72 servers in the world in southern Italy. With 80 servers running Nvidias cuttingedge "Blackwell" chips, the data centre, known as "Colosseum," will be able to support AI models with up to 1 trillion parameters. This year, iGenius, wellknown for its opensource AI models designed for sectors like banking and healthcare, has raised €650 million and intends to raise additional funds for the project. Colosseum will streamline the deployment of AI models for companies utilising Nvidias ecosystem using Nvidias NIM software. The work receives active support from Nvidias teams, who describe the initiative as noteworthy. Read More..

B2B Tech News | 15 days ago          

Broadcom Unveils 3.5D XDSiP AI Chip Technology for Faster Speeds

With its 3.5D XDSiP, Broadcom unveiled advances in AI chip technology that will allow for higher semiconductor speeds and more memory capacity to sati

With its 3.5D XDSiP, Broadcom unveiled advances in AI chip technology that will allow for higher semiconductor speeds and more memory capacity to satisfy the growing demands of AI infrastructure. This invention addresses critical supply chain bottlenecks using TSMCs sophisticated packaging techniques. With production beginning in February 2026, these improvements are anticipated to help Broadcoms custom chip clients, including hyperscalers like Google and Meta. CEO Hock Tan predicts that growing AI clusters will generate $12 billion in AI revenue in fiscal 2024. The custom chip business, expected to grow to $45 billion by 2028, is another target for rival Marvell. Alongside competitors like Marvell, Broadcom is positioned as a major player in the AIdriven semiconductor market thanks to its most recent technology. Read More..

B2B Tech News | 15 days ago          

Nvidia and Vietnam Partner to Launch AI R&D and Data Centers

Vietnam and Nvidia have agreed to set up an AI data centre and research and development centre in Vietnam. The deal, formally announced in Hanoi by Vi

Vietnam and Nvidia have agreed to set up an AI data centre and research and development centre in Vietnam. The deal, formally announced in Hanoi by Vietnamese Prime Minister Pham Minh Chinh and Nvidia CEO Jensen Huang, is part of Nvidias continuous efforts to develop tech talent and increase AI capabilities in Vietnam. The news comes after Nvidia acquired VinBrain, a healthcare firm and Vingroup affiliate, for an undisclosed sum. Vietnams FPT previously disclosed plans for a $200 million AI facility utilising Nvidia technology. "AI will turn the sun, wind, and waves into clean energy for us," said Prime Minister Chinh, underscoring the technologys potential to spur economic growth and innovation in clean energy. Read More..

B2B Tech News | 15 days ago          

Israel Focuses on Six Key Economic Sectors for Enhanced Collaboration with India

Israeli Economy Minister Nir Barkat thanked India for its support in the aftermath of the 7 October terror attacks and highlighted the importance of d

Israeli Economy Minister Nir Barkat thanked India for its support in the aftermath of the 7 October terror attacks and highlighted the importance of deepening bilateral ties in investment and technology. He emphasized Israels focus on six key economic sectors and proposed launching collaborative pilot projects to leverage the strengths of both nations. Special attention was given to AI and quantum technologies, where Israels cuttingedge innovation could be paired with Indias vast market scale and technical expertise to drive transformative solutions. These partnerships aim to foster mutual economic growth while addressing global challenges. Read More..

B2B Tech News | 17 days ago          



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