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  • Reflection AI debuts open-source Beam model with 501B parameters

    Reflection AI Inc. today introduced Beam, an open-source large language model with 501 billion parameters. The launch comes a few months after the startup raised funding at a $25 billion valuation. Around the same time, Reflection AI reportedly inked a $6.3 billion deal with SpaceX Corp.

    SiliconANGLE3 min read
  • Schneider Electric to buy engineering software giant PTC for $23.7B

    Schneider Electric Inc., one of the world’s largest industrial companies, today announced plans to acquire PTC Inc. for $23.7 billion. The all-cash deal values the software maker at $205 per share. That represents a 42% premium to its last closing price.

    SiliconANGLE3 min read
  • Robotics startup RobCo valued at $1B+ in $40M funding round

    Industrial automation startup RobCo Inc. today announced that it has closed a $40 million funding round. Most of the shares that changed hands were sold by current and former employees. The investor consortium that bought the equity included Sequoia, Lightspeed and several other startup funds.

    SiliconANGLE3 min read
  • Namespace raises $42M to build out developer-focused compute cloud

    Zurich-founded developer infrastructure startup Namespace Labs Inc. today announced it raised $42 million in Series B, led by Scale Venture Partners, to give developers powerful compute infrastructure to speed up software engineering work.

    SiliconANGLE3 min read
  • Robotics AI developer FieldAI reportedly raising $700M in funding

    FieldAI Inc., a startup that develops artificial intelligence models for robots, is reportedly seeking $700 million in funding. A source told Business Insider today that the round could value the company at $10 billion. That’s five times what FieldAI was worth last August.

    SiliconANGLE3 min read
  • Report: Amazon to offload $8B worth of AI chips, lease them back

    Amazon.com Inc. reportedly plans to offload some of its artificial intelligence chips and then lease them back. The Financial Times today cited sources as saying that the transaction would involve a special purpose vehicle, or SPV.

    SiliconANGLE3 min read
  • Satellite software provider Satlyt closes $8M investment

    Satlyt Inc., a startup that develops artificial intelligence software for satellites, has raised $8 million in funding. TechCrunch reported today that the seed round was led by early-stage fund Non Sibi Ventures.

    SiliconANGLE4 min read
  • Volantis raises $88M to develop photonic inference systems

    Volantis Inc. today announced that it has raised a $88 million funding round led by prominent angel investor Lachy Groom and Abstract Ventures. The Series A deal also drew more than a half-dozen other participants.

    SiliconANGLE4 min read
  • D-Wave opens quantum computing gate-model simulator beta program

    D-Wave Quantum Inc., a commercial supplier of quantum computing hardware and software, today announced the launch of its gate-model quantum computing simulator program in beta test mode, allowing customers to test error-aware programs.

    SiliconANGLE4 min read
  • Scale-up interconnect startup CScale launches with $188M in funding

    CScale Inc., a startup that develops optical interconnects for data centers, launched today with $188 million in funding. The company raised about three-quarters of the capital through a recently closed Series C round. It was co-led by Atreides Management, Valor Equity Partners and Premji Invest.

    SiliconANGLE3 min read
  • Five takeaways from HPE’s Networking Investor Day

    A little over a year after closing the Juniper Networks acquisition, Hewlett Packard Enterprise Co. today used its Networking Investor Day to argue that networking is no longer a supporting act at HPE. It’s the growth engine. The numbers shown to investors support that.

    SiliconANGLE10 min read

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