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Manus has kick-started an AI agent boom in China
Last year, China saw a boom in foundation models, the do-everything large language models that underpin the AI revolution. This year, the focus has shifted to AI agents—systems that are less about responding to users’ queries and more about autonomously accomplishing things for them. There are now a host of Chinese startups building these general-purpose…
September 2023
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The Download: fusion power’s future, and robotic running
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Why the dream of fusion power isn’t going away There’s a joke about fusion power that always comes up when people start talking about the technology. It goes like this: Fusion is the…
Major Big Tech privacy watchdog in EU set to get two more commissioners soon
Fancy overseeing whether Big Tech is playing by European Union privacy rules? The Irish government has posted job ads for two additional commissioners to lead the Data Protection Commission (DPC), which oversees scores of major tech firms’ compliance with the region’s data protection framework — and has the power to levy fines of up to […]
Mercury Fund closes largest fund to invest in SaaS startups between the coasts
Mercury Fund closed on $160 million in capital commitments for its fifth fund to invest in founders building transformational SaaS and data platforms.
AutoZone (AZO) vs. Advance Auto Parts (AAP) vs. Modine Manufacturing Company (MOD): Which Is the Best Auto Stock Buy?
With robust demand for new and used vehicles, the growing trend for vehicle customization, the introduction of advanced technologies, and a significant surge in e-commerce, the auto parts industry’s outlook…
Nextdata is building data meshes for the enterprise
The concept of a data mesh has been around for a few years. At a high level, it’s a data platform architecture that allows users to access data without transferring it to one of two places: a data lake, or a centralized repository for storing data at scale; or a data warehouse, an enterprise system […]
AlphaSense, an AI-based market intel firm, snaps up $150M at a $2.5B valuation
Market intelligence — where organizations gather information about industries, other businesses, trends, and more in order to use that data to help make business decisions — has become a huge industry in itself over the last few decades, projected to be worth nearly $84 billion in revenues this year. Now, as newer innovations like ChatGPT […]
Indian music label giant Saregama acquires Pocket Aces
Saregama has agreed to acquire a 51.82% stake in the startup Pocket Aces as the oldest Indian music label makes deeper push into videos. Saregama is paying about $20 million for the 51.82% stake in Pocket Aces and plans to invest an additional $1.8 million in the startup, the Kolkata-headquartered firm disclosed in a stock […]
KSOC says it’s tackling cloud-native security in a way that is Kubernetes-first
The take-up of Kubernetes, a tool for managing containerized workloads, is only expected to increase as demand for cloud-native architectures and containerization continues. In terms of security, this can mean a boon or a major blind spot for them, according to Kubernetes Security Operation Center (KSOC), a Bay Area startup — a boon, in that […]