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TL;DR As AI grows, so do its power demands—unsustainably so. Inference (running AI models) now consumes most of the energy, prompting startups and tech giants to design energy-efficient chips optimized specifically for this task. Companies like Positron and Groq claim major efficiency and cost gains over Nvidia’
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TL;DR: Auriga Space raised $6 million in seed funding to develop an electromagnetic launch system that shoots rockets into space from a track, similar to a railgun. The company aims to dramatically lower launch costs and environmental impact by replacing traditional chemical boosters with a ground-based electric acceleration
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Foundation EGI Secures $23M in Oversubscribed Series A to Build the World’s First Engineering General Intelligence Platform/PRNewswire/ -- Foundation EGI, creator of the world’s first Engineering General Intelligence (EGI) platform, today announced $23M in oversubscribed Series A…Cision PR NewswireFoundation EGI With AI purpose-built for engineering, Foundation
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The deal brings AI-powered software solutions and field-tested contractor tools to one of the country’s top distributors of plumbing, HVAC and industrial supplies. Hajoca, one of the largest privately-held wholesale distributors of plumbing, HVAC and industrial supplies in the U.S., has acquired Onsemble — a software
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DPD partners with Deus Robotics to deploy autonomous warehouse system at London Docklands facility — Retail Technology Innovation HubUK parcel delivery company DPD has partnered with Deus Robotics to create a robotic warehouse automation solution. Deus Robotics was selected as one of the finalists from DPD’s EcoLaunchpad programme from a
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TL;DR: Fastino raised $17.5M in a round led by Khosla Ventures to make AI training faster and cheaper by using low-cost gaming GPUs instead of expensive enterprise hardware. Their software optimizes distributed training across these GPUs, offering a more efficient alternative to NVIDIA-dominated infrastructure. The company
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Hive and Toyota Material Handling Announce Partnership for AI-Driven TrucksHive and Toyota Material Handling Announce Partnership for AI-Driven Trucks AI-powered autonomous trucks and remote operation pave the way for the future of logistics.Hive Autonomynicole.shevchenko AI-powered autonomous trucks and remote operation pave the way for
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TL;DR Feb 11 - Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. Valor Equity Partners, known for backing Elon Musk’s companies, Atreides Management, Flume Ventures and Resilience Reserve
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https://www.businesswire.com/news/home/20250206094005/en/Urban-Sky-Raises-%2430-Million-in-Series-B-Funding-to-Unlock-Routine-and-Easy-Global-Access-to-the-Stratosphere DENVER--(BUSINESS WIRE)--Urban Sky, a stratospheric platform company, today announced it has closed a $30M Series B investment round. The funding will
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Investments from Morgan Stanley, Truist Bank and Other Prominent Financial Institutions Fund Residential Energy Leases Nationwide CHARLOTTE, N.C., Jan. 17, 2025 /PRNewswire/ – Today, Palmetto, a software company enabling consumer adoption of climate technology products and services, announced that it has raised over $1.2 billion in capital to support
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TL;DR Deus Robotics, a Ukrainian startup specializing in warehouse automation, raised $3M in seed funding to expand its AI-powered robotics platform. The round was led by SMRK VC with participation from BESOS Capital. Deus builds autonomous mobile robots and software to optimize warehouse operations, aiming to compete with
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US Department of Energy Selects Mitra Chem for $100 Million Award for Domestic Battery Manufacturing/PRNewswire/ -- In a groundbreaking move to bolster America’s clean energy future, the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy…Cision PR NewswireMitra Chem Michigan provides additional $25 million to