DigitalOcean acquires cloud computing startup Paperspace for $111 million in cash

DigitalOcean banner on the New York Stock Exchange

Image credits: New York Stock Exchange / Stock Photo / Getty Images DigitalOcean, the cloud hosting company, announced today that it has agreed to acquire Paperspace, a New York-based cloud computing and AI development startup, for $111 million in cash. Yancey Spruill, CEO of DigitalOcean, says Paperspaces infrastructure and tools, when integrated with DigitalOceans products, … Read more

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

From farm to fork: a startup serves the food industry a buffet of artificial intelligence

Screenshot of the AI ​​powered Agri360 app

It worked like magic. Computer vision algorithms running in a data center saw that a disease was about to infect a distant cornfield in India. Sixteen days later, field workers found the first evidence of the outbreak. It was the kind of magic people like Vinay Indraganti call digital transformation. He’s been practicing it for … Read more

Databricks to Acquire Generative AI Startup in $1.3B Deal | CRN


Software news Rick Whiting June 26, 2023, 4:22 PM EDT Databricks will integrate MosaicML technology with its data lakehouse platform, allowing users to build and train models using their own data. Data lakehouse provider Databricks has reached an agreement to acquire generative AI platform provider MosaicML for approximately $1.3 … Read more