Check out this week’s edition of the AI Insider Newsletter, packed with interesting updates! 💰 Funding Rounds: For starters, NVIDIA & Accenture team up to revolutionize enterprise AI with their AI Refinery platform! 📈 General News: AMD unveils its new AI chips! 💡 Thought Leader Insights: Vinod Khosla on OpenAI’s future! Plus, much more! Stay tuned for other exciting updates next week! https://lnkd.in/eSKYvJXi #AI #Innovation #TechNews #Funding #AILeadership #NVIDIA #Accenture #UKTech #UKScienceAndInnovation
AI Insider
Business Intelligence Platforms
Toronto, Ontario 3,888 followers
AI Insider is the leading provider of media and market intelligence in the AI technology industry.
About us
AI Insider is the leading provider of media and market intelligence in the AI technology industry. AI Insider is a portfolio company of Resonance.
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https://theaiinsider.tech/
External link for AI Insider
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- Business Intelligence Platforms
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- 11-50 employees
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- Toronto, Ontario
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Toronto, Ontario, CA
Updates
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Wolfspeed has announced a non-binding memorandum with the U.S. Department of Commerce for up to $750M in direct funding under the CHIPS and Science Act. Along with $750M in financing from investors led by Apollo, and expected tax credits, Wolfspeed gains access to up to $2.5B to fuel U.S. silicon carbide production for EVs, AI, and clean energy. CEO Gregg Lowe highlights this as a major step in Wolfspeed’s growth and U.S. tech leadership. https://lnkd.in/ecYb2iq8 #Semiconductors #CleanEnergy #CHIPSAct #AI
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Fable, the leading digital accessibility platform powered by people with disabilities, has raised $25M in Series B funding led by Five Elms Capital. This investment will fuel Fable's mission to help global brands like Microsoft, Meta, and Walmart build inclusive digital products, especially in the era of AI. CEO Alwar Pillai stressed the opportunity to set new accessibility norms in AI, while expanding their community to include testers with hearing and cognitive disabilities. https://lnkd.in/eMAGe8a4 #Accessibility #InclusiveDesign #AI #DigitalInclusion
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NVIDIA is empowering organizations to unlock the potential of AI with cutting-edge training programs. Sara Wagner, Training Advisor at NVIDIA, stressed the need for upskilling, saying: "We provide hands-on technical training with cloud-based GPU resources to equip professionals with real-world AI experience." NVIDIA's tailored approach and certified instructors ensure that learners are ready for the AI-driven future. https://lnkd.in/ebst6cva #AI #Upskilling #AITraining #CloudComputing #TechInnovation
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Mindtech Global Limited, a leader in synthetic data for AI vision systems, has raised £4.4M in a round led by Edge, with participation from Mercia Ventures and the @Northern Powerhouse Investment Fund. The funding will fuel growth and expand Mindtech's Chameleon platform into Japan, the US, and Europe. CEO Steve Harris noted the investment will accelerate tech advancements as synthetic data becomes essential for AI by 2025. https://lnkd.in/eNMYjuTx #AI #SyntheticData #ComputerVision #Innovation
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London-based autone, an AI-powered inventory management platform, has raised $17M in Series A funding led by General Catalyst, bringing its total to $20M. With backing from Speedinvest, Y Combinator, and more, Autone plans to accelerate growth across the US and Europe. Co-founders Adil Bouhdadi and Harry Glucksmann Cheslaw are transforming retail with AI, helping brands like courrèges and Roberto Cavalli reduce inventory and boost sales. https://lnkd.in/eegJMkgH #AI #RetailTech #InventoryManagement #Startups #Funding
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Alibaba Group's international division has launched an enhanced version of its AI-powered translation tool, Marco MT, which reportedly outperforms competitors like Google and DeepL. Built on large language models, the tool uses industry-specific context to improve accuracy, aiming to boost cross-border e-commerce for its 500,000 merchant users. VP Kaifu Zhang highlighted the tool's impact on improving product listings and driving consumer purchases, especially for global markets. https://lnkd.in/eutb34fJ #AI #Ecommerce #TranslationTech #Alibaba #Innovation
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Axyon AI, the Italian AI fintech leader in improving asset manager performance through AI-based rankings and model strategies, has closed an additional €2.1M funding round. Led by Green Sands Equity and Investment Opportunity 1, the round brings total funding to €6M, supporting Axyon's mission to revolutionize asset management with predictive AI solutions. CEO Daniele Grassi highlights this as a testament to Axyon's global potential. https://lnkd.in/eS5wwr9Y #Fintech #AI #AssetManagement #Innovation #AxyonAI
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Alchemyst AI, a generative AI SaaS startup founded by Uttaran Nayak 🇮🇳 and Anuran Roy, has raised $300K in pre-seed funding led by Inflection Point Ventures, with 100Unicorns and Early Seed Ventures participating. Alchemyst AI is developing digital employees, called "Alchemysts," to autonomously perform intelligent tasks, enhancing enterprise productivity. CEO Uttaran Nayak emphasized the company's role in shaping the future workforce through fully autonomous Gen-AI employees. https://lnkd.in/eRZhumSz #AI #GenerativeAI #Startup #TechInnovation #DigitalTransformation
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Lightmatter has raised $400 million in a Series D round, bringing its total valuation to $4.4 billion, with plans to scale its Passage photonic engine for AI data centers. 💰 Backed by major investors including T. Rowe Price and GV (Google Ventures) https://lnkd.in/ejCijsah
Lightmatter Raises $400 Million Series D; Quadruples Valuation to $4.4 Billion as Photonics Leader for Next-Gen AI Data Centers
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