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Nvidia Backs Ayar Labs, Google Challenges Microsoft, and RapidCanvas Secures $16M

Author

Stefan
December 12, 2024

Hi there,

Today’s highlights include major investments in AI innovation and new advancements shaping the future of technology. Nvidia, Intel, and AMD back Ayar Labs with $155M to revolutionize AI systems. Google calls on the FTC to address Microsoft's cloud deal with OpenAI, citing competition concerns. RapidCanvas secures $16M to tackle the tech talent gap with AI agents, while Tokyo University researchers develop a groundbreaking method for AI models to "forget" data, enhancing privacy and efficiency. Dive into these stories and more below!

Today’s top stories

Ayar Labs has raised $155 million in a funding round led by Nvidia, Intel, and AMD, aiming to enhance AI systems with its optical interconnect technology, which promises improved efficiency and performance. Read more

Google has requested the FTC to intervene in Microsoft's cloud deal with OpenAI, citing concerns about potential extra costs for companies not using Microsoft's servers, and advocating for more hosting options from companies like Amazon. Read more

RapidCanvas has announced a $16 million Series A funding round, led by Peak XV, to further develop AI agents capable of automating tasks traditionally performed by data scientists and engineers, addressing the tech talent gap. Read more

The OpenAI Startup Fund has successfully raised $44 million for its fifth Special Purpose Vehicle (SPV), marking its largest SPV to date, and continues to support existing and new investments. Read more

Hyperbolic, known for providing computing power to smaller AI companies, has raised $12 million to expand its team and services. The company plans to launch its blockchain and native token for GPU rentals next year. Read more

Researchers at Tokyo University of Science have created a technique that enables AI models to 'forget' specific data, improving efficiency and privacy in large-scale systems like ChatGPT and CLIP. Read more

Aampe's innovative AI agents are revolutionizing app personalization by making billions of decisions weekly, backed by a recent $18 million funding round. Read more

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