Hyperbolic, which lets companies rent AI compute across ~30 neoclouds
Hyperbolic, which lets companies rent AI compute across ~30 neoclouds, raised a $30M Series A-1 led by Lip-Bu Tan's Walden Catalyst; it has raised $50M to date
TL;DRStartup lets companies rent AI compute from multiple cloud providers; just raised $30M.
Why it matters: Reduces vendor lock-in, increases competition among cloud providers, potentially lowers AI infrastructure costs.
South Korean President Lee Jae Myung vows $15.97B for AI, chips
TL;DRSouth Korea doubling AI spending to $16B by 2027 to compete globally in tech.
AI-powered medical search engine Vera Health
TL;DRVera Health raised $28.5M to expand its AI medical search tool used by hundreds of thousands of doctors globally.
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Midstream Health, whose AI tools help 250 hospitals recover revenue
Hospital AI startup raises $20M to help recover lost revenue from billing errors.
Data analytics provider Hex Technologies
Hex Technologies raised $100M at $1.2B valuation to build AI-agent-ready analytics platform.
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Curated tech stories from sister publications covering CIO, Computerworld, Macworld, and PCWorld.
Howard Marks Says AI Stumbles Have Boosted Skepticism
AI market hype is cooling as high-profile failures increase investor skepticism.
NTT's Matsubara on Cyberattacks in Japan
Japan's top cybersecurity official warns of rising attacks on government, banks, and major corporations.
Salesforce to Buy Defense Tech Startup, Extending Acquisition Streak
Salesforce is buying defense startup Rune Technologies for $375 million to expand its military software platform.
Experts Expect 'Security Reckoning' As AI Tools Find And Exploit
AI is getting better at finding and exploiting software bugs, threatening security.
Macquarie Executive Sees AI Fast-Tracking Junior Analyst Careers
Macquarie exec says AI will accelerate junior analyst careers, not eliminate them.
Broccoli AI, which sells AI agents
Broccoli AI raised $52M total funding for AI agents serving trades businesses, now valued at $300M.