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Snowflake Strengthens AI Leadership with New Silicon Valley AI Hub and $200M Investment in Startups
Snowflake, an AI Data Cloud company, unveiled its plans to expand its investments in AI innovation by opening the Silicon Valley AI Hub. The AI hub will be established at Snowflake's new Menlo Park Campus in the heart of Silicon Valley. The hub will span 30,000 square feet, designed to...
Honor Unveils $10 Billion Investment in AI-Powered Devices
Honor Unveils $10 Billion Investment in AI-Powered DevicesChinese smartphone maker Honor announced that it is set to invest $10 billion over the next five years to develop AI technologies for its devices. The investment plan comes as part of the company’s preparation to go public.The Shenzhen-based company’s CEO, James Li,...
Sorin Investments Leads $7 Million Series A Round in AI Startup Beacon.li
Sorin Investments, an Indian venture capital firm announced that it has led a $7 million Series A funding round in Beacon.li. Beacon.li is an AI powered product assistant company. It focuses on enhancing enterprise software support and adoption. Apart from Sorin Investments, the funding round also witnessed participation from Athera...
CoreWeave to Acquire Weights & Biases, Enhancing AI Model Development and Deployment
CoreWeave, a cloud infrastructure provider engineered to power artificial intelligence (AI) workloads, has announced its agreement to acquire Weights & Biases, a leader in the MLOps and LLMOps ecosystem. The acquisition intends to merge the strengths of both ocompanies to provide a full-stack platform for AI model development, training, management,...