Microsoft-backed AI startup Inflexion raises $1.3 billion from Nvidia and others

Microsoft-backed AI startup Inflexion raises $1.3 billion from Nvidia and others

[1/3]The words AI Artificial Intelligence are seen in this illustration taken May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo June 29 (Reuters) – Inflection AI, a startup backed by several Silicon Valley giants, said on Thursday it raised $1.3 billion from investors including Microsoft and Nvidia amid an AI boom (TO THE). The investment, a mix of … Read more

Typeface, which is building generative AI for brands, raises $100 million at $1 billion valuation

Typeface

In 2022, Abhay Parasnis, former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage the generative AI that was just starting to become trendy at the time to deliver personalized content for brands at scale. The typeface, thanks in part to the excitement for … Read more

Biden will allocate $40 billion for Internet connectivity

Biden will allocate $40 billion for Internet connectivity

Welcome to The Hill’s Technology newsletter {lighthouse} Biden will allocate $40 billion for Internet connectivity President Biden on Monday announced about $40 billion in funding to be allocated across the country in an effort to bring areas without Internet access online in the coming years. The White House billed the announcement as kicking off three … Read more

The United States will spend $42 billion to make Internet access universal by 2030

Reuters graphics

WASHINGTON, June 26 (Reuters) – The White House on Monday split $42 billion among the nation’s 50 U.S. states and territories to make access to high-speed broadband universal by 2030, launching a new ad campaign for economic policies of President Joe Biden. Funding under the Broadband Equity Access and Deployment program was authorized under the … Read more

Healthcare cognitive computing market size worth $103.74 billion by 2032: The Brainy Insights

Healthcare cognitive computing market size worth $103.74 billion by 2032: The Brainy Insights

Newark, June 26, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates the $5.16 billion healthcare cognitive computing market will reach $103.74 billion by 2032. Improving patient care and safety it is increasingly required in healthcare facilities around the world. This, coupled with the growing use of healthcare BPOs, which offer greater data security, reduce workloads, … Read more

Amazon is investing another $7.8 billion in Ohio-based cloud computing operations, state leaders say

FILE - Members of the Supreme Court sit for a new group portrait after the addition of Associate Justice Ketanji Brown Jackson, at the Supreme Court building in Washington, October 7, 2022. Bottom row, from left, Associate Justice Sonia Sotomayor, Associate Justice Clarence Thomas, U.S. Chief Justice John Roberts, Associate Justice Samuel Alito, and Associate Justice Elena Kagan.  Above, from left, Associate Justice Amy Coney Barrett, Associate Justice Neil Gorsuch, Associate Justice Brett Kavanaugh, and Associate Justice Ketanji Brown Jackson.  (AP Photo/J. Scott Applewhite, Files)

COLUMBUS, Ohio (AP) Amazon’s lucrative cloud business will invest about $7.8 billion by the end of 2029 to expand its data center operations in central Ohio, state leaders announced Monday, further boosting the efforts of the been to establish itself as the Midwest Technology Center. The new investments in Amazon Web Services, or AWS, were … Read more

From Clouds to Fog: Fog Computing Market Set to Exceed $274.52 Billion by 2030

SkyQuest Technology Consulting Pvt. srl.

SkyQuest Technology Consulting Pvt. srl. The global Fog Computing market size is projected to reach USD 4314.38 million by 2030 and show a CAGR of 6.6% over the forecast period (2023-2030), according to the latest research report from Skyquest. The growing demand for real-time data processing and low-latency applications, the growth of Internet of Things … Read more