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2 days ago | 
siliconangle.com | Maria Deutscher
Intel Corp. plans to wind down its automotive business and lay off most of the unit’s employees. The Oregonian reported the development on Wednesday, citing an internal company memo. Intel confirmed the move in a statement issued to TechCrunch today. “As we have said previously, we are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers,” Intel stated.
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2 days ago | 
siliconangle.com | Maria Deutscher
OpenRouter Inc., a startup working to ease the development of artificial intelligence applications, today announced that it has secured $40 million in funding. The company raised the capital over two rounds. They were led by Andreessen Horowitz and Menlo Ventures with participation from Sequoia Capital, as well as multiple angel investors.
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2 days ago | 
siliconangle.com | Maria Deutscher
Rubrik Inc. today announced plans to acquire Predibase Inc., a startup that develops software for fine-tuning large language models. CNBC reported that the deal is worth $100 million to $500 million. That represents a major exit for Predibase’s investors, who had provided the company with about $28 million in funding prior to the sale. NYSE-listed Rubrik provides a data management platform used by more than 6,100 organizations.
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3 days ago | 
siliconangle.com | Maria Deutscher
Medical software developer Abridge Inc. today disclosed that it has raised a $300 million funding round led by Andreessen Horowitz. The investment, which also included the participation of Khosla Ventures, values the startup at $5.3 billion. That’s nearly double what it was worth following its previous funding round in February. The milestone follows a quarter in which Abridge’s annualized recurring revenue reportedly reached $117 million.
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3 days ago | 
siliconangle.com | Maria Deutscher
Google LLC’s cloud unit has donated the Agent2Agent Protocol, a technology that facilitates interactions between artificial intelligence agents, to the Linux Foundation. The search giant announced the move on Monday at the Open Source Summit North America conference.
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3 days ago | 
siliconangle.com | Maria Deutscher
The UK’s antitrust watchdog has proposed designating Google LLC as a company with “strategic market status,” a move that could potentially expose it to closer regulatory scrutiny. The Competition and Markets Authority, or CMA, detailed the plan today. The development relates to a UK law called the DMCC Act that went into effect at the start of the year. The legislation expanded CMA’s powers to regulate large tech firms.
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4 days ago | 
siliconangle.com | Maria Deutscher
Snowcap Compute Inc., a startup that plans to make processors from semiconducting materials, has raised $23 million in funding. Playground Global led the seed investment with the participation of Joining Playground and Vsquared Ventures. In conjunction with its announcement of the raise today, Snowcap disclosed that former Intel Corp. Chief Executive Officer Pat Gelsinger has joined its board. Palo Alto, California-based Snowcap is led by CEO Michael Lafferty.
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4 days ago | 
siliconangle.com | Maria Deutscher
Harvey, a developer of artificial intelligence software for legal professionals, today announced that it has raised $300 million in fresh funding. The Series E investment was led by Kleiner Perkins and Coatue. They were joined by more than a half dozen other backers including Alphabet Inc.’s GV investment arm, the Open AI Startup Fund and Sequoia. The funding round values Harvey at $5 billion, up from $2 billion following its previous raise earlier this year.
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4 days ago | 
siliconangle.com | Maria Deutscher
Shares of Tesla Inc. rose more than 8% today after the company launched a small-scale pilot of its autonomous taxi service in Austin. The company currently offers access to about 10 self-driving Model Y SUVs, according to TechCrunch. The Model Y (pictured) has a maximum range of more than 330 miles and up to seven seats depending on the configuration. Its onboard computer runs an autonomous driving platform called Fully Self-Driving.
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5 days ago | 
siliconangle.com | Maria Deutscher
Lenovo Group Ltd. today introduced a collection of data center systems optimized to run artificial intelligence workloads. The product additions are headlined by a compute appliance called the ThinkSystem SR680a V4. According to Lenovo, it combines nearly two dozen processors in an air-cooled chassis. Those chips enable the appliance to run inference workloads up to 11 times faster than the company’s previous-generation hardware.
