Tech Meme

Michael Nuñez / VentureBeat: Nvidia details LLM family NVLM 1.0, which can handle vision and language tasks while enhancing text-only capabilities and is led by the 72B-parameter NVLM-D-72B  —  Nvidia has released a powerful open-source artificial intelligence model that competes with proprietary systems from industry leaders like OpenAI and Google. Lees verder op Tech Meme

Kai Nicol-Schwarz / Sifted: London-based Dexory, which builds autonomous robots for warehouses, raised a $80M Series B led by DTCP, taking its total equity funding to $120M  —  Generative AI has changed the game for autonomous technology, says founder and CEO Andrei Danescu  —  Dexory, a UK-based startup building autonomous robots … Lees verder op Tech Meme

Krystal Hu / Reuters: Resolve AI, which is building AI tools to help software engineers troubleshoot and fix production issues, raised a $35M seed led by Greylock  —  Resolve AI, a startup aiming to automate software operations, has raised $35 million in seed funding from investors led by Greylock … Lees verder op Tech Meme

Gali Weinreb / Globes Online: Nym, which helps US health care providers automate the medical coding process, raised a $47M growth investment led by PSG, bringing its total raised to $92M  —  Nym has automated the entire US healthcare medical coding process to deliver a faster, more cost-effective solution that outperforms traditional manual coding. Lees verder op Tech Meme

Rick Whiting / CRN: DataPelago launches out of stealth with a “universal data processing engine” for “accelerated computing” workloads, with $47M in seed and Series A funding  —  DataPelago says its new technology provides a data processing boost for advanced analytics and AI applications … Lees verder op Tech Meme

Danial Azhar / Reuters: Oracle plans to invest over $6.5B in Malaysia to set up a public cloud region, its first in the country and third in Southeast Asia, after two in Singapore  —  Oracle (ORCL.N) plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the company said on Wednesday … Lees verder op Tech Meme

The Economic Times: Sources: Peak XV cut its $2.85B fund by $465M, or ~16%, over a year after its Sequoia split, with most of the reduction coming in its growth-stage allocation  —  Venture capital firm Peak XV Partners, formerly Sequoia Capital India, has pared the size of its $2.85 billion fund by 16% … Lees verder op Tech Meme

Michael Nuñez / VentureBeat: Nvidia details LLM family NVLM 1.0, which can handle vision and language tasks while enhancing text-only capabilities and is led by the 72B-parameter NVLM-D-72B  —  Nvidia has released a powerful open-source artificial intelligence model that competes with proprietary systems from industry leaders like OpenAI and Google. Lees verder op Tech Meme

Lorenzo Franceschi-Bicchierai / TechCrunch: How the FBI and Mandiant caught hacker Jesse Kipf, who sold access to systems he broke into and hacked Hawaii’s death registration system to fake his own death  —  Jesse Kipf was a prolific hacker who sold access to systems he hacked, had contacts with a notorious cybercrime gang … Lees verder op Tech Meme

TechCrunch: Sources: 11x.ai, which makes AI sales reps, raised a ~$50M Series B led by a16z at a ~$350M valuation; source: a $24M Series A earlier in 2024 valued it at $90M  —  11x.ai, a startup that develops AI-powered sales development bots, has secured roughly $50 million in Series B funding, TechCrunch has learned. Lees verder op Tech Meme