Others

DeepL, the AI language translation startup, nabs $300M on a $2B valuation to focus on B2B growth

May 22, 2024

Yet more major funding is being poured into a startup focused on AI. Today, DeepL – the company that builds automated text translation and writing tools that compete against the likes of Google Translate and Grammarly – announced that it’s raised an additional $300 million. It is now valued at $2 billion, post-money.  This round […]

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Ore Energy emerges from stealth to build utility-scale batteries that last days, not hours

May 22, 2024

Where Aytac Yilmaz lives in the Netherlands, the sun might not appear for days on end, which can really crimp the output of the country’s solar panels. Wind turbines might make up some of the shortfall, but what if the wind disappears at the same time? Enter long-duration energy storage, or massive batteries tailored to […]

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Paytm counts costs of regulatory clampdown as losses swell

May 22, 2024

One 97 Communications, the parent company of India’s leading digital payments platform Paytm, reported a widening of its consolidated net loss to $66.1 million in the quarter ending March, compared to a loss of $20.11 million in the same quarter last year as it grappled with a regulatory clampdown. For the full fiscal year 2024, […]

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In Seoul summit, heads of states and companies commit to AI safety

May 21, 2024

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the inaugural global summit on AI safety at Bletchley Park in England, Britain and South Korea are hosting the AI safety summit this week in Seoul. The […]

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