Maria Deutscher

GPU cloud operator GMI Cloud secures $82M investment – SiliconANGLE

GPU cloud operator GMI Cloud secures $82M investment – SiliconANGLE

Cloud infrastructure startup GMI Cloud Inc. today announced that it has closed a $82 million early-stage funding round led by Headline Asia. The Series A investment also included the participation of Thailand-based energy company Banpu Next and Wistron Corp., a Taiwanese electronics maker. The bulk of the round, $67 million, took the form debt financing. The remaining $15 million was provided as equity funding. Santa Clara, California-based GMI Cloud operates an infrastructure-as-a-service platform geared towards artificial intelligence workloads. The platform provides access to Nvidia Corp.’s H100 graphics processing units. A few weeks from now, GMI Cloud will also start offering…
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Cisco debuts new Nvidia-powered data center systems for AI workloads – SiliconANGLE

Cisco debuts new Nvidia-powered data center systems for AI workloads – SiliconANGLE

Cisco Systems Inc. is expanding its hardware portfolio with two data center appliance lineups optimized to run artificial intelligence models. The systems debuted today at a partner event the company is hosting in Los Angeles. The first new product line, the UCS C885A M8 series, comprises servers that can each accommodate up to eight graphics processing units. Cisco offers three GPU options: the H100 and H200, which are both supplied by Nvidia Corp., and Advanced Micro Devices Inc.’s rival MI300X chip. Every graphics card in a UCS C885A M8 machine has its own network interface controller, or NIC. This is a specialized…
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Fixify nabs $25M for its AI-supported help desk service – SiliconANGLE

Fixify nabs $25M for its AI-supported help desk service – SiliconANGLE

Fixify Inc., a startup helping companies process employees’ technical support requests more efficiently, today announced that it has raised $25 million in funding. Costanoa Ventures, Decibel Partners and Paladin Capital Group jointly led the Series A investment. Scale Venture Partners chipped in as well. Fixify’s total outside capital now stands at $32 million. Assembling a help desk team that can field technical support questions from a company’s employees is a costly and time-consuming endeavor. Arlington-based Fixify offers a managed help desk service that spares organizations the hassle. Companies can reroute their workers’ support requests to the startup’s support professionals, who use artificial intelligence…
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White House issues memorandum on AI use in national security initiatives – SiliconANGLE

White House issues memorandum on AI use in national security initiatives – SiliconANGLE

The White House today released a document that outlines how the government should use artificial intelligence in national security initiatives. The new national security memorandum, or NSM, is the fruit of an AI-focused executive order that President Joe Biden signed last year. Alongside the creation of the memorandum, the order launched an array of other machine learning initiatives in the federal government. Some are designed to improve AI safety, while one program will use the technology to find and fix flaws in critical software. The first focus of today’s NSM is the way the government procures AI technologies for national security…
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Meta inks multiyear AI content licensing deal with Reuters – SiliconANGLE

Meta inks multiyear AI content licensing deal with Reuters – SiliconANGLE

Meta Platforms Inc. has inked a licensing deal with Reuters that will give it access to the news agency’s content. Axios revealed the agreement this morning. Meta and Reuters subsequently confirmed the news without disclosing the deal’s terms.  Under the contract, Meta will make Reuters content accessible to its Meta AI chatbot for consumers. The chatbot will draw on the licensed articles to provide information about news and current events. Every prompt response generated in this manner is expected to include a link to the Reuters story on which it’s based. The feature began rolling out in the U.S. today.…
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Allen Institute for AI debuts new Molmo series of open-source multimodal models – SiliconANGLE

Allen Institute for AI debuts new Molmo series of open-source multimodal models – SiliconANGLE

The Allen Institute for AI today released Molmo, a family of open-source language models that can process text and images. The launch came against the backdrop of Meta Platforms Inc.’s Connect 2024 product event. Alongside new mixed reality devices, the company debuted an open-source language model series of its own called Llama 3.2. Two of the models in the lineup have multimodal processing features similar to those offered by Molmo.  The Allen Institute for AI, or Ai2, is a Seattle-based nonprofit focused on machine learning research. Its new Molmo model series comprises four neural networks. The most advanced model features…
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Startup Redbird launches AI-powered data analytics platform – SiliconANGLE

Startup Redbird launches AI-powered data analytics platform – SiliconANGLE

Venture-backed startup Redbird Software Inc. today launched an analytics platform, also called Redbird, that uses artificial intelligence to help companies find useful patterns in their data. The product milestone comes about two years after the company closed a $7.6 million seed round backed by Y Combinator. Redbird says that it has tripled its headcount since the investment. In the same time frame, it amassed a customer base that includes enterprises such as Mondelez International Inc. and Google LLC.  Redbird positions its platform as an alternative to established business intelligence tools such as Tableau. The platform includes AI features that enable…
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Opkey reels in $47M to automate ERP change testing with AI – SiliconANGLE

Opkey reels in $47M to automate ERP change testing with AI – SiliconANGLE

Opkey, a startup that helps companies test the reliability of their enterprise resource planning software, has raised a $47 million investment to finance growth initiatives. PeakSpan Capital led the Series B round. Opkey, officially Smart Software Testing Solutions Inc., detailed in its funding announcement today that UST Global, Verica, Vertical and YouNest chipped in as well. The company’s total outside funding now stands at $59 million. Enterprise resource planning, or ERP, platforms, are complex applications that companies rely on to manage their backoffice operations. An organization’s ERP software is typically used by the accounting team and several other departments to carry…
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Serverless database startup Neon nabs $25M in fresh funding – SiliconANGLE

Serverless database startup Neon nabs $25M in fresh funding – SiliconANGLE

Neon Inc., a startup with a serverless distribution of the open-source Postgres database, today announced that it has raised $25 million in funding. Microsoft Corp.’s M12 venture capital arm led the investment. It was joined by existing Neon investors Abstract Ventures, General Catalyst, Menlo Ventures and Notable Capital. The capital infusion brings the company’s total outside funding to more than $130 million. Neon sells a commercial version of Postgres, an open-source relational database that is widely used in the enterprise. One of the reasons behind Postgres’ popularity is its support for ACID, a technology standard that prevents errors from finding…
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Report: Chinese organizations use public cloud to access restricted AI chips – SiliconANGLE

Report: Chinese organizations use public cloud to access restricted AI chips – SiliconANGLE

Multiple organizations in China have sought to rent high-end graphics cards from U.S. cloud providers, Reuters reported late Thursday. The news agency learned of the procurement effort by reviewing publicly-available tender documents. Those are invitations that ask companies to submit bids for a contract, in this case artificial intelligence infrastructure purchases. Under U.S. export controls that rolled out two years ago, Nvidia Corp. is prohibited from selling its high-end H100 and A100 graphics processing units to entitles in China. The rules also cover certain other data center chips optimized for AI workloads. But though such chips can’t be sold or…
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