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Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board (Financial Times) 16-04-2024

Financial Times: Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42’s board  —  Agreement is latest move by US tech group to extend its reach into fast-growing sector  —  Microsoft has agreed to invest $1.5bn … Lees verder op Tech Meme

Berlin-based finmid, which makes embedded fintech tools for SMBs, raised a €23M Series A at a €100M post-money valuation, bringing its total raised to €35M (Anna Heim/TechCrunch) 16-04-2024

Anna Heim / TechCrunch: Berlin-based finmid, which makes embedded fintech tools for SMBs, raised a €23M Series A at a €100M post-money valuation, bringing its total raised to €35M  —  Berlin-based finmid — one of the many startups building embedded fintech solutions, in its case targeting marketplaces … Lees verder op Tech Meme

Sources: in 2023, Abu Dhabi's G42 and the US Commerce Department held talks that led to G42 agreeing to pare back its China presence to avoid punitive measures (Bloomberg) 16-04-2024

Bloomberg: Sources: in 2023, Abu Dhabi’s G42 and the US Commerce Department held talks that led to G42 agreeing to pare back its China presence to avoid punitive measures  —  – Agreement with US helped G42 preserve access to Nvidia chips  — Negotiations set stage for $1.5 billion Microsoft investment Lees verder op Tech Meme

Limitless launches the $99 Limitless Pendant, a wearable AI gadget that transcribes meetings and provides real-time notes and summaries, shipping in August 2024 (David Pierce/The Verge) 16-04-2024

David Pierce / The Verge: Limitless launches the $99 Limitless Pendant, a wearable AI gadget that transcribes meetings and provides real-time notes and summaries, shipping in August 2024  —  The Limitless Pendant doesn’t exactly scream “AI.”  As Dan Siroker, the CEO of the company behind the new device … Lees verder op Tech Meme