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Entering into the world of venture capital has never been easy, especially as a first-time fund manager. But it’s especially daunting right now. Olaf Sakkers has spent the past five years proving that difficult doesn’t mean impossible.
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London-based chip designer Fractile has raised $720 million in a Series C round, betting that memory bandwidth, rather than raw computing power, is the main constraint holding back AI performance.
Bob Lee died from multiple stab wounds in 2023.
Public demand for AI stocks appears to be high, despite some seismic tremors in the industry.
Startup Radical Numerics has developed a model that it says can identify natural and AI-engineered pathogens without an internet connection.
“There are a lot of senior people in the industry that know this is happening, and are effectively condoning it,” an investment intel consultant said.
ZIG Finance has launched the zEMS Vault, a tokenized product that gives institutional investors access to a diversified pool of Saudi SME private credit. It is the first deliverable from its strategic partnership with Laser Digital, the digital assets subsidiary of Nomura.
The data center boom is running into serious real-world obstacles, from widespread local opposition and permitting delays to a scramble for electricity.
Santosh Janardhan, who originally joined the company in 2009, will be stepping down from his role.
CoreWeave is increasingly asking customers to pay upfront, borrowing against specific contracts, and even looking to short-term deals that could lead to higher prices, according to the company’s third-quarter earnings.
Fractile has now become one of the top-funded players in the race for purpose-built AI chips.
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