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OpenAI partners with Google Cloud to enhance AI computing capabilities
OpenAI has partnered with Google Cloud to enhance its AI development capabilities, reducing reliance on Microsoft’s Azure. This collaboration highlights a shift in tech rivalries, as companies navigate the high demands of AI computing while exploring additional partnerships with Oracle and CoreWeave. Google's cloud unit is balancing support for AI competitors with its own product development, aiming to position itself as a leading provider in the evolving landscape.
Societe Generale to introduce new dollar-pegged stablecoin initiative
Societe Generale is set to launch a dollar-pegged stablecoin, marking a significant move in the financial sector. This initiative reflects the growing interest in digital currencies and their integration into traditional banking systems. The stablecoin aims to provide stability and efficiency in transactions.
AMD engages India for local GPU development with significant investment plans
AMD is currently in discussions with India to enhance its indigenous GPU capabilities. The company is on track with a significant investment of $400 million aimed at bolstering its presence in the region.
innovative startups secure funding to tackle water scarcity and enhance quality assurance
Thunder Code, co-founded by Jouini and Othmani, aims to revolutionize QA with features like natural language test creation and AI-driven CI/CD pipelines, claiming to cut testing time by 90%. Meanwhile, Tunisian startup Kumulus Water has raised $3.5 million to scale its technology that converts air into drinking water, addressing water scarcity sustainably. EIGHTClouds, a UAE-based investment firm, has successfully raised $20 million to expand in the food and beverage and hospitality sectors, focusing on consumer-centric brands in the GCC region.
Vast Data seeks 25 billion dollar valuation in latest funding round
Vast Data, an AI storage platform, is reportedly targeting a valuation of $25 billion in its upcoming funding round. This ambitious goal highlights the company's growth and potential in the rapidly evolving tech landscape.
Morgan Stanley CEO expresses optimism as deal pipelines remain strong
Morgan Stanley's CEO expressed strong enthusiasm for the company's business prospects, highlighting the resilience of deal pipelines. This optimism reflects confidence in ongoing market opportunities and the firm's strategic positioning in a dynamic financial landscape.
bedrock ocean secures 25 million to explore seafloor with robotics
Bedrock Ocean has successfully raised $25 million to enhance its efforts in mapping the seafloor using advanced robotics. This funding aims to support innovative technologies that will improve underwater exploration and data collection. The initiative highlights the growing interest in oceanic research and sustainable practices.
UBS Appoints Investment Banker Murphy for Consumer Sector Transactions
UBS has appointed investment banker Murphy to focus on consumer deals, enhancing its capabilities in this sector. This strategic hire reflects the firm's commitment to strengthening its investment banking division and expanding its market presence.
Linear secures 82 million dollars at 1.25 billion dollar valuation
Linear, a competitor to Atlassian, has successfully raised $82 million in funding, achieving a valuation of $1.25 billion. This significant investment underscores the growing interest in tools that enhance productivity and collaboration in the tech industry.