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. The latest threat from the rise of Chinese manufacturing In 2013, a trio of academics showed convincing evidence that increased trade with China beginning in the early 2000s and the resulting flood of…
In case one needed more evidence that there’s a massive appetite for generative AI, SAP, the Germany-based consulting giant, yesterday invested in three major generative AI players: Anthropic, Cohere and Aleph Alpha. The terms of the direct investments, which weren’t disclosed, build on SAP’s $1 billion-plus commitment to back AI-powered enterprise tech startups from Sapphire […]
Umbra co-founder Gabe Dominocielo’s last name is roughly translated from the Latin as “lord of the skies.” It’s a fitting title for the head of a satellite imagery company — but in a recent interview with TechCrunch, he joked that his last name should be “unit economics.” “Space isn’t my background,” he said. “My passion […]
Even amid the crypto winter, some web3 companies are racking up hefty valuations. P0x Labs, the team behind Manta Network, a privacy-preserving protocol running on the Polkadot blockchain, announced today that it has reached a $500 million valuation following a $25 million Series A funding round. Lead investors in the round are crypto-focused Polychain Capital […]
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. Meta’s latest AI model is free for all The news: Meta is going all in on open-source AI. The company has unveiled LLaMA 2, its first large language model that’s available for anyone…
Interest in AI among the enterprise continues to rise, with one recent survey finding that nearly two-thirds of companies plan to increase or maintain their spending on AI and machine learning into this year. But often, these companies are encountering blockers in deploying various forms of AI into production. A 2020 poll from Rexer Analytics […]
This story first appeared in China Report, MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. It’s no secret that Chinese state-owned media are active on Western social platforms, but sometimes they take a covert approach and distance themselves from China, perhaps to reach more unsuspecting audiences. …
Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in Africa could be worth more if insurance penetration on the continent wasn’t extremely low, less than 3%, according to reports. As a result, traditional insurers […]