Google, Nvidia team up to accelerate AI development for startups of all sizes
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startup Rivos: Rivos raises $250 million to develop RISC-V AI chips
Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to launch competing products, such as Intel's Gaudi 3 and Meta's inference chip - both unveiled last week. Rivos...
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AI startup Symbolica raises $31 million to develop AI systems to compete with OpenAI
Artificial intelligence startup Symbolica, which develops foundation models to compete with ChatGPT creator OpenAI, announced a $31 million series A funding round led by Khosla Ventures on Tuesday. General Catalyst, Abstract Ventures and Buckley Ventures also participated in the round, the company said. Symbolica has created a framework that will enable it to develop alternatives to the transformer deep learning architecture, said Symbolica CEO George Morgan, who formerly worked at Tesla on...
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Texas Water Development Board approves amended regional flood plans, recommended projects total more than $54 billion
The Texas Water Development Board announced that it recently approved amendments to the first Texas regional flood plans which recommended additional flood risk and impact solutions, bringing the total estimated cost of those solutions for all 15 districts to more than $54 billion.