Author: nripn

C3.ai (NYSE: AI) came out strong Tuesday morning, with the stock up more than 24% after the announcement of an expanded strategic alliance with Microsoft (NASDAQ:MSFT). The deal takes all the buzzwords investors love: technical integration, joint sales and marketing, and focuses on accelerating AI-driven business transformation. Microsoft will now THE go-to cloud provider for C3.ais offerings, while C3.ai gets a spot as A preferred AI partner on Azure. Sounds like a win-win situation, right? Not so fast. Here’s the catch: this new deal isn’t really new. Microsoft and C3.ai have been partnering since 2018 to provide solutions to big…

Sam Altman, CEO of Microsoft-backed OpenAI (MSFT, Financial data), continues a $150 million fundraising round for Rain AI, a semiconductor startup aiming to compete with Nvidia (NVDA, Financial data), reports the New York Post, citing a source close to the matter. Rain AI is valued at $600 million in the fundraising, which follows its initial fundraising of $25 million in 2022, when Altman was a major investor. Next month will likely mark the second round of investment. Highlighting Rain AI’s focus on energy-efficient and high-performance semiconductors, a source said Altman had apparently pitched the potential to OpenAI investors. Formed as…

The total search for electricity to fuel the insatiable appetite for artificial intelligence is giving a boost to another energy-intensive industry: cryptocurrency mining. Seven months after a bitcoin (BTC-USD) event halved the rewards miners receive for verifying Bitcoin transactions, crypto mining companies have found revenue by converting their existing energy to power a different type of data center equipped to run applications d ‘AI. Earlier this month, Galaxy Digital (GLXY.TO) has become the latest miner to sign a deal with a US-based hyperscaler. Galaxy has committed all 800 megawatts of its mining capacity to host high-performance computers. “That makes it…

Dublin, February 15, 2024 (GLOBE NEWSWIRE) — The “Indian Fintech Market Competition, Forecast and Opportunities, 2028” the report has been added to ResearchAndMarkets.com offer. The Indian FinTech market is expected to continue its significant growth trajectory, supported by the pervasive trend towards online payment methods and the upsurge in digital transaction platforms. Government initiatives to foster the FinTech ecosystem, along with the emerging wave of FinTech startups, are the key factors envisaged to propel the expansion of the Indian FinTech sector through 2028, reaching a projected size of USD 143 billion with a CAGR by 17.1%. Using technology to elevate…

Blockchain Africa Conference 2024 is expected to bring together blockchain developers, influencers, investors, entrepreneurs and business leaders from around the world at the CSIR International Convention Center in Pretoria (Tshwane) on November 20, 2024. This major event, marking the 10th edition and organized by Bitcoin Events, will foster collaboration and provide participants with an overview of the dynamic and rapidly evolving blockchain and cryptocurrency ecosystem in Africa. The conference provides a platform for networking, knowledge sharing and collaboration, bringing together local and international experts to discuss the most important trends in cryptocurrencies and blockchain technology. Highlights of the Blockchain Africa…

Nvidia is under pressure to meet high expectations with its upcoming Blackwell processing system to power artificial intelligence (I-Hwa CHENG) US chipmaking giant Nvidia said Wednesday it made a $19 billion profit on record revenue last quarter, as demand continued for its hardware to power artificial intelligence . Nvidia reported quarterly revenue of $35.1 billion, about $2 billion above market expectations. “The AI ​​era is in full swing, propelling a global shift toward Nvidia computing,” said founder and CEO Jensen Huang. “AI is transforming every industry, business and country.” Huang said Nvidia’s highly anticipated Blackwell processing platform is in full…

Euronews Business examines the factors that have helped make Lithuania one of the fastest growing startup and fintech hubs in Europe, with a range of future unicorns, known as Soonicorns. ADVERTISEMENTLithuania, a small and dynamic country in the Baltics, is quickly becoming one of the leading fintech hubs in Europe and the world. Home to unicorns such as Vinted and Nord Security, the country offers a range of top-notch facilities to fintech companies, both local and foreign, looking to set up shop there. With a population of 2.8 million, Lithuania is one of the smallest countries in Europe, especially compared…

In just under a year, SoundHound’s Amelia AI agents helped Apivia Brokerage handle over 100,000 customer calls and reduce the number of inbound queries handled directly by the company’s customer relations team by up to 20%. French wholesale broker. (Graphic: Business Wire) SoundHound’s Amelia AI agents answer customer questions about medical reimbursement, reducing the volume handled by employees and supporting more than 100,000 calls in 2024. SANTA CLARA, California, November 21, 2024–(BUSINESS FEED)–SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, and Apivia Brokerage, part of the AEMA Group, one of the world’s largest mutual and cooperative…

FRANKFURT (Reuters) – The European Central Bank warned on Wednesday of a stock market “bubble” linked to artificial intelligence, which could suddenly burst if investors’ optimistic expectations are not met. The warning is part of the ECB’s twice-yearly financial stability review, a long list of risks ranging from wars and tariffs to cracks in the banking system’s plumbing. The central bank of the 20 countries sharing the euro zone noted that the stock market, particularly in the United States, had become increasingly dependent on a handful of companies seen as beneficiaries of the AI ​​boom. “This concentration between a few…

Mexico’s economic development – ​​boosted by the scale of offshoring in recent years – has made it fertile ground for startups. But this trend is threatened if President-elect Donald Trump follows through on his idea of take a harder line on trade with Mexico. Jaime Tabachnik, co-founder and CEO of Mexican trucking finance startup Solvento, isn’t too worried, however. “Mexico is the best trading partner, geographically, economically and logistically” for the United States, he told TechCrunch in a recent interview. But even if relations deteriorate, he says, Mexico’s growing economy is big enough for his business to expand.“The intra-Mexican market,…