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10 Aug 2024

DevRev Secures Over $100 Million in Series A Funding, Joining AI Unicorn Club

DevRev, an AI-powered software development platform, has raised more than $100 million in a Series A funding round, propelling it to unicorn status with a valuation of $1.15 billion. The startup, founded by former Nutanix executives, aims to revolutionize software development with AI-driven solutions.

4 Sources

OneMedNet Revolutionizes Medical Data Curation with AI Technology

OneMedNet Corporation introduces AI-powered technology to enhance medical data curation, significantly improving efficiency and accuracy in healthcare data management.

2 Sources

GPU Performance Analysis: DaVinci Resolve Studio 18.6 and Topaz Video AI 5.1

Recent studies by Puget Systems evaluate GPU performance in professional video editing software DaVinci Resolve Studio 18.6 and AI-powered video enhancement tool Topaz Video AI 5.1, offering insights for content creators and video professionals.

2 Sources

Wall Street Momentum Shifts: S&P 500 Erases Weekly Losses, Nasdaq 100 Ends 4-Week Slide

Wall Street experiences a significant shift in momentum as the S&P 500 recovers from weekly losses and the Nasdaq 100 breaks its 4-week losing streak. Palantir Technologies reaches 3-year highs amid a mixed market performance.

2 Sources

Coursera and Duolingo: Contrasting Fortunes in the EdTech Sector

Recent financial reports reveal diverging paths for Coursera and Duolingo in the educational technology market. While Coursera shows signs of potential growth, Duolingo demonstrates strong performance and receives an upgraded rating.

2 Sources

Synaptics Stock: Analyst Ratings and Price Target Adjustments

Synaptics, a tech company specializing in human interface solutions, faces mixed analyst reactions. While some maintain a positive outlook, others adjust price targets amid market challenges.

2 Sources

California Partners with Nvidia to Boost AI Education in State Colleges

California announces a partnership with tech giant Nvidia to enhance artificial intelligence resources and education in the state's public colleges and universities, aiming to prepare students for the evolving job market.

3 Sources

Copper Miners Ramp Up Operations to Meet Global Demand Amid Supply Shortages

Major copper mining companies are expanding their operations to address growing global demand and supply shortages. This expansion comes as the world increasingly shifts towards renewable energy and electric vehicles, driving up copper demand.

2 Sources

Trade Desk Stock Soars on Strong Q2 Earnings and Raised Price Targets

The Trade Desk (TTD) shares surge following impressive Q2 earnings report. Analysts raise price targets, citing strong performance and positive outlook.

3 Sources

Galaxy AI Revolutionizes Small Business Operations Across Industries

Galaxy AI is transforming the way small businesses operate, from snack companies to retail tech startups and beauty brands. This innovative technology is streamlining processes, enhancing productivity, and improving work-life balance for entrepreneurs.

3 Sources

OpenAI Releases Safety Scores for GPT-4: Medium Risk Identified in Certain Areas

OpenAI has published safety scores for its latest AI model, GPT-4, identifying medium-level risks in areas such as privacy violations and copyright infringement. The company aims to increase transparency and address potential concerns about AI safety.

2 Sources

Cisco Systems to Implement Second Round of Layoffs in 2023

Cisco Systems is reportedly planning to announce another round of job cuts this week, following a previous layoff of 4,100 employees in November 2022. The tech giant aims to streamline operations and reduce costs amid economic uncertainties.

3 Sources

AI Founders Shuffle and Defense Tech Soars: A Tale of Two Industries

AI industry sees leadership changes as founders move between companies. Meanwhile, defense tech startup Anduril raises a massive funding round, highlighting the growing interest in military technology.

2 Sources

Google Pixel 9 Event: Anticipation Builds for New Devices and AI Innovations

Google's upcoming Pixel 9 event is generating excitement with expected announcements of new smartphones, wearables, and AI advancements. The tech giant is poised to unveil its latest innovations in hardware and software.

3 Sources

Automation Platform Startup Rewst Secures $45M in Series B Funding

Rewst, a robotic process automation platform for managed service providers, has raised $45 million in a Series B funding round led by Sapphire Ventures. The company plans to use the funds to expand its product offerings and accelerate growth.

2 Sources

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