Wiz, a cloud security company founded in 2020, recently made headlines by turning down a $23 billion acquisition offer from Google. Despite the potential to become Google’s largest-ever deal, Wiz decided to stick to its original plan of pursuing an initial public offering (IPO). This move came as a surprise to many, given the significant
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The AI boom that was once lauded as a revolutionary technological advancement is now facing multiple challenges in translating investments into tangible revenue streams. Companies are struggling to deploy generative AI effectively, leading to a lack of the expected outcomes. AI startups are being overvalued, while consumers are beginning to lose interest in AI applications.
Upon embarking on a quest to discover hidden gems in our respective home cities, Natasha Bernal in London and Amanda Hoover in New York decided to utilize the Littlefoot AI-powered local discovery chatbot. However, their experiences with the chatbot were far from ideal. Littlefoot provided recommendations that were not only wildly inaccurate but also often
As someone with limited coding experience, I recently discovered the power of AI in debugging and fixing complex coding issues. Utilizing a program called SWE-agent, I was able to identify and rectify a problematic file within various code repositories on GitHub. This tool analyzed the code, pinpointed the root cause of the bug, and made
Google’s recent consideration to spend $23 billion to acquire Wiz, a cloud cybersecurity startup, could potentially be a game changer in the tech industry. This move, reported by The Wall Street Journal, is at close to twice the amount Google spent to acquire Motorola Mobility in 2012, making it the most expensive acquisition in the
As technological advancements continue to progress, commercial space flight is no longer a distant dream but a reality. Companies like SpaceX, Blue Origin, and Virgin Galactic have been at the forefront of transporting paid customers to space in recent years. However, the landscape is changing, with new players entering the market. Three startups — Zephalto,
Aidan Gomez’s journey from being an intern at Google Brain in 2017 to co-founding Cohere, an AI startup that has raised money at a $5 billion valuation, is a remarkable one. His work on the “Attention Is All You Need” paper was instrumental in conceptualizing the transformer and triggering the generative artificial intelligence boom. In
In the ever-evolving landscape of AI hardware, a new paradigm called neuromorphic computing is quietly revolutionizing the industry. While much attention is focused on large language models powered by Nvidia GPUs, the limitations of traditional deep learning architectures are becoming increasingly apparent. Neuromorphic systems, which aim to mimic the way biological brains process information, offer
Amazon is doubling the value of credits it offers to startups to use its cloud infrastructure, as it faces stiff competition from Microsoft in the artificial intelligence services sector. This move will allow startups that have recently secured a Series A round of funding to be eligible for $200,000 in credits through AWS’ Activate program,
Amazon’s cloud division is currently conducting an investigation into Perplexity AI for potential violations of Amazon Web Services rules. The issue at hand revolves around allegations that the AI search startup has been scraping websites, despite attempts made by these websites to prevent such actions. This investigation brings to light important questions regarding the ethical