Microsoft-backed AI startup Inflexion raises $1.3 billion from Nvidia and others

Microsoft-backed AI startup Inflexion raises $1.3 billion from Nvidia and others

[1/3]The words AI Artificial Intelligence are seen in this illustration taken May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo June 29 (Reuters) – Inflection AI, a startup backed by several Silicon Valley giants, said on Thursday it raised $1.3 billion from investors including Microsoft and Nvidia amid an AI boom (TO THE). The investment, a mix of … Read more

Typeface, which is building generative AI for brands, raises $100 million at $1 billion valuation

Typeface, which is building generative AI for brands, raises $100 million at $1 billion valuation

Image credits: Yuichiro Chino/Getty Images In 2022, Abhay Parasnis, former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage the generative AI that was just starting to become trendy at the time to deliver personalized content for brands at scale. The typeface, thanks in … Read more

The United States will spend $42 billion to make Internet access universal by 2030

Reuters graphics

WASHINGTON, June 26 (Reuters) – The White House on Monday split $42 billion among the nation’s 50 U.S. states and territories to make access to high-speed broadband universal by 2030, launching a new ad campaign for economic policies of President Joe Biden. Funding under the Broadband Equity Access and Deployment program was authorized under the … Read more

Amazon is investing another $7.8 billion in Ohio-based cloud computing operations, state leaders say

This reservation photo provided by the Orange County, Florida Sheriff's Office shows Edward Hariston.  Hariston, of Ohio, was being held in a Florida prison after assaulting a police officer at Orlando International Airport, authorities said.  An Orange County Circuit judge set more than $50,000 bail for Hariston on Thursday, June 29, 2023, according to court documents.  (Orange County Sheriff's Office via AP)

COLUMBUS, Ohio (AP) Amazon’s lucrative cloud business will invest about $7.8 billion by the end of 2029 to expand its data center operations in central Ohio, state leaders announced Monday, further boosting the efforts of the been to establish itself as the Midwest Technology Center. The new investments in Amazon Web Services, or AWS, were … Read more