Pruna AI, a European startup that has been working on compression algorithms for AI models, is making its optimization framework open source on Thursday. Pruna AI has been creating a framework that applies several efficiency methods, such as caching, pruning, quantization and distillation, to a given AI model. “We also standardize saving and loading the […]
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A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” The announcement comes amid growing calls to create a […]
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OpenAI is facing another privacy complaint in Europe over its viral AI chatbot’s tendency to hallucinate false information — and this one might prove tricky for regulators to ignore. Privacy rights advocacy group Noyb is supporting an individual in Norway who was horrified to find ChatGPT returning made-up information that claimed he’d been convicted for […]
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Michael Seibel announced late Wednesday on X that after more than 12 years at Y Combinator, he is transitioning to a “partner emeritus” role. Y Combinator CEO Garry Tan shared the news separately in a company blog post, highlighting Seibel’s long history with the accelerator. Seibel first joined YC as a founder, going through the […]
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Debt collection in emerging markets often feels outdated, and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are struggling to maintain pace. ClearGrid aims to help modernize debt collection — and recovery — with AI. The Dubai-based startup, which is emerging from stealth […]
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SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure. Ampere will be operate as a wholly-owned subsidiary of SoftBank after the deal, which is expected to […]
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Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s […]
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OpenAI has launched a more powerful version of its o1 “reasoning” AI model, o1-pro, in its developer API. According to OpenAI, o1-pro uses more computing than o1 to provide “consistently better responses.” Currently, it’s only available to select developers — those who’ve spent at least $5 on OpenAI API services — and it’s pricey. Very […]
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Another consumer-grade spyware operation was hacked in June 2024, which exposed thousands of Apple Account credentials.
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