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11 Oct 2024

Aethir Launches $100 Million Fund to Accelerate AI and Gaming Innovation

Aethir, a decentralized GPU cloud computing provider, has announced a $100 million ecosystem fund to support AI and gaming projects, offering grants and subsidies to startups and enterprises.

3 Sources

Relyance AI Secures $32M to Enhance AI Data Governance and Compliance

Relyance AI raises $32.1 million in Series B funding to scale its AI data governance platform, addressing the growing need for transparency in AI model training and data usage amid increasing regulations.

2 Sources

ApertureData Secures $8.25M Seed Funding for Innovative Multimodal AI Database

ApertureData, a California-based startup, has raised $8.25 million in seed funding to develop ApertureDB, a unified database solution for managing multimodal data in AI applications. The company claims to offer significant speed improvements and productivity gains for enterprises working with diverse data types.

2 Sources

Datasea Reports 230% Revenue Growth in Q1 2025, Driven by 5G AI Multimodal Digital Business

Datasea Inc., a digital technology company, pre-announces estimated revenue of $22.7 million for Q1 2025, representing a 230% year-over-year increase. The growth is primarily attributed to the rapid expansion of its 5G AI multimodal digital business in China.

3 Sources

Definitive Healthcare Unveils AI-Powered Predictive Analytics Tool for Healthcare Market Forecasting

Definitive Healthcare launches Market Forecast, an AI-driven predictive analytics solution that provides healthcare organizations with long-term market projections to enhance strategic planning and resource allocation.

2 Sources

Former UBS CEO Ralph Hamers Joins AI Wealth Management Startup Arta Finance

Ralph Hamers, ex-CEO of UBS, has taken on an advisory role and invested in Arta Finance, an AI-driven wealth management startup founded by former Google executives. The move marks Hamers' first significant position since leaving UBS in 2023.

3 Sources

Microsoft Azure Leads Cloud Innovation with NVIDIA's Blackwell GB200 AI Servers

Microsoft Azure becomes the first cloud platform to integrate NVIDIA's cutting-edge Blackwell GB200 AI servers, showcasing a significant leap in cloud computing and AI capabilities.

3 Sources

RingCentral Secures PAN-India License for AI-Powered UCaaS and CCaaS Solutions

RingCentral obtains a PAN-India license to offer fully compliant Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions across India, featuring AI-powered capabilities for enhanced business communications and customer experiences.

2 Sources

10 Oct 2024

OpenAI's Financial Forecast: Projected Profitability by 2029 Amid Massive Growth and Investment

OpenAI, the AI powerhouse behind ChatGPT, projects profitability by 2029 despite anticipated losses. The company's recent $6.6 billion funding round and skyrocketing valuation underscore investor confidence in its long-term potential.

2 Sources

Bellatora Inc. Rebrands as Kinetic Seas, Signaling Shift to AI-Focused Business Strategy

Bellatora Inc. has officially changed its name to Kinetic Seas Incorporated, along with a new ticker symbol KSEZ. This rebranding reflects the company's strategic pivot towards providing AI solutions for businesses.

2 Sources

Zoom's AI-Driven Evolution: Analysts Weigh In on Growth Potential and Market Position

Zoom Video Communications showcases AI innovations at Zoomtopia 2024, prompting mixed analyst reactions. While some firms raise price targets, others maintain cautious stances amid competitive market conditions.

6 Sources

Canada's Wealthiest Family Expands AI Investments Through Thomvest Ventures

Thomvest Ventures, the VC firm of billionaire Peter Thomson, leads a $32.1 million investment round in Relyance AI, signaling a deeper commitment to artificial intelligence ventures amid growing global adoption of AI technologies.

2 Sources

Riyadh Air Partners with Sabre for AI-Powered Airline Retailing Revolution

Riyadh Air, Saudi Arabia's newest airline, collaborates with Sabre to implement AI-driven offer optimization technology, aiming to become the world's first fully offer- and order-based airline upon its 2025 launch.

2 Sources

Zoom's AI Strategy Shift: New Features and Monetization Plans Boost Stock Performance

Zoom Video Communications unveils AI Companion 2.0 and plans for custom AI avatars, signaling a strategic pivot towards AI-driven workplace productivity solutions. The company's stock sees a 23% surge in two months as it introduces its first AI monetization model.

3 Sources

GSI Technology to Announce Q2 2025 Financial Results, Showcasing AI and High-Performance Computing Innovations

GSI Technology, a developer of AI and high-performance computing solutions, will release its fiscal Q2 2025 financial results on October 24, 2024, highlighting its Gemini APU technology for efficient database searches and edge computing.

2 Sources

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