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Together AI, Backed by Nvidia, Raises $106 Million in Successful Fundraising Round

Nvidiabacked Together AI revealed on Wednesday that it had completed a successful fundraising round, garnering $106 million and more than tripling its

Nvidiabacked Together AI revealed on Wednesday that it had completed a successful fundraising round, garnering $106 million and more than tripling its valuation to $1.25 billion since last autumn. The fundraising was spearheaded by Salesforce Ventures, with participation from Lux Capital, Emergence Capital, Coatue Management, and other current investors. Established in 2022, Together AI gained popularity by granting users access to Nvidias GPUs. Its goal is to develop a platform that helps programmers create or modify opensource artificial intelligence models. The funding will support growth, the employment of academics for new model architecture, and the lease of more cloud computing capacity. CEO Vipul Ved Prakash positioned the company as a premier location for implementing AI models at scale by highlighting its 45,000+ expanding user base, including global corporations and AI startups. Read More..

B2B Tech News | 2 years ago          

Foxconn Reports 33% Surge in FourthQuarter Profit on Strong Holiday Sales

Foxconn, an important Apple supplier, reported a 33% gain in fourthquarter earnings, attributed to strong sales over the busiest holiday season. For t

Foxconn, an important Apple supplier, reported a 33% gain in fourthquarter earnings, attributed to strong sales over the busiest holiday season. For the October–December quarter, the Taiwanese electronics maker posted a net profit of T$53.14 billion $1.69 billion, an increase from T$40 billion in the same quarter the previous year. This exceeded projections and the T$43.52 billion SmartEstimate from LSEG, which gives priority to estimates from experts who frequently provide accurate forecasts. Given the continued robust demand for consumer electronics, Foxconns success highlights its critical position in the global supply chain. Read More..

B2B Tech News | 2 years ago          

"Fitch Raises Indias FY25 GDP Growth Forecast to 7%" Outlook Brightens

Anticipating a sustained period of solid growth, Fitch Ratings increased its estimate for Indias FY25 GDP growth from 6.5 per cent to 7 per cent. Addi

Anticipating a sustained period of solid growth, Fitch Ratings increased its estimate for Indias FY25 GDP growth from 6.5 per cent to 7 per cent. Additionally, the agency projects that the Reserve Bank of India would lower interest rates by 50 basis points between July and December, resulting in a steady decline in CPI inflation to 4 per cent by the end of 2024. Indias robust economic potential was emphasised by Fitch, which revised its growth projections significantly upward, with 7.8 per cent for FY24 and 7 per cent for FY25. On the other hand, Fitch reduced Chinas 2024 estimate to 4.5 per cent because of difficulties in the real estate market and growing deflationary pressures. Nonetheless, the damage is being lessened by budgetary assistance measures. Additionally, Moodys recently increased its projection of Indias GDP growth in 2024 from 6.1 per cent to 6.8 per cent. Read More..

B2B Tech News | 2 years ago          

Electric Vehicle Startup Fisker Seeks Restructuring Advisors Amid Bankruptcy Considerations

According to sources quoted by the Wall Street Journal, Fisker, an electric vehicle company, has hired restructuring counsel in anticipation of filing

According to sources quoted by the Wall Street Journal, Fisker, an electric vehicle company, has hired restructuring counsel in anticipation of filing for bankruptcy. To help manage the possible procedures, the corporation has enlisted the legal firm Davis Polk and financial consultant FTI Consulting. Fisker chose not to address the issue. Fisker has previously expressed worries about goingconcern issues, staff cutbacks, and suspending investments until a manufacturing relationship is secured. According to earlier reports, Nissan discussed investing in Fisker and maybe obtaining access to their electric pickup vehicle. Read More..

B2B Tech News | 2 years ago          

Movate Collaborates with Loyola College to Establish Advanced Robotics Lab in Chennai

An agreement has been signed between Movate, formerly CSS Corp, and Loyola College to build an Advanced Robotics Lab in Chennai that will make use of

An agreement has been signed between Movate, formerly CSS Corp, and Loyola College to build an Advanced Robotics Lab in Chennai that will make use of stateoftheart AI and IoT technology. This cuttingedge 750squarefoot laboratory, ranked seventh nationwide, will be housed at Loyola College to provide students with practical training in robotics. With robotic kits, 3D printers, and projectors, the lab strives to produce workers prepared for the future. Movates collaboration with Yagen Robotics demonstrates its dedication to producing highcalibre teaching materials. Movates CEO, Sunil Mittal, emphasised the companys commitment to pushing technological innovation. In contrast, the companys EVP and CFO, Ramaseshan K, emphasised the importance of advancing robotics education and research to propel industry breakthroughs. Read More..

B2B Tech News | 2 years ago          

Cisco and KITS Collaborate to Address Cybersecurity Skills Gap in Karnataka

Cisco and the Department of Electronics, Information Technology, Business Techonology, and Botany of the Government of Karnataka have partnered to pro

Cisco and the Department of Electronics, Information Technology, Business Techonology, and Botany of the Government of Karnataka have partnered to provide 40,000 people with cybersecurity training, half of whom will be women. The partnership seeks to address the pressing demand for qualified people, with a Cybersecurity Readiness Index showing that 40% of cybersecurity teams are understaffed and 90% of Indian organisations expect cyber attacks. Using programmes like Train the Trainers, the collaboration aims to provide citizens, educators, and students with the necessary skills to traverse the digital world securely. In addition to stressing the value of having a cyberresilient workforce, Dr Ekroop Caur, IAS, expressed confidence about equipping professionals to protect themselves from online threats. Cisco is also involved in curriculum building it offers cybersecurity workshops and courses through its Networking Academy. Read More..

B2B Tech News | 2 years ago          

Hexaware and Microsoft Collaborate to Launch Tensai GPT, an AI Web App

Tensai GPT is an AI online application that was created in partnership with Microsoft and was revealed by Hexaware, a wellknown provider of digital so

Tensai GPT is an AI online application that was created in partnership with Microsoft and was revealed by Hexaware, a wellknown provider of digital solutions and IT services. This cuttingedge solution, which is powered by Microsoft Azure Open AI Service, enables Hexaware staff members to make use of company expertise, fostering innovation in a variety of sectors. Hexawares President & Global Head of Consulting & GenAI Practice, Arun Rak Ramchandran, expressed excitement and hailed the launch as a major turning point in the companys unwavering dedication to innovation. Hexawares CTO and SVP, Satyajith Mundakkal, highlighted the apps sophisticated AI features and safe design, which are in line with Microsoft Azures strict data standards. Sangita Singh, Microsoft Indias General Manager of IT & ITES, emphasised the partnerships emphasis on utilising AI to drive comprehensive transformation. Read More..

B2B Tech News | 2 years ago          

Udemy Introduces GenAI Skills Pack to Accelerate Adoption of Generative AI Skills

With the launch of its GenAI capabilities Pack, Udemy is assisting businesses worldwide in quickly gaining and using the highly soughtafter Generative

With the launch of its GenAI capabilities Pack, Udemy is assisting businesses worldwide in quickly gaining and using the highly soughtafter Generative AI GenAI capabilities. The pack facilitates quick skill development across technical and business disciplines by providing learning paths associated with individual goals, developing capabilities, and targeted material. The CEO of Udemy, Greg Brown, emphasized working with significant clients to meet the changing digital world. The pack serves a broad range of professionals by promoting a fundamental comprehension of the proper application of GenAI and its effect on departmental productivity, including finance, HR, marketing, and sales. In keeping with the Q4 2023 Global Workplace Learning Index, which highlights the demand for GenAI competency worldwide, Udemy also provides localization in several languages. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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