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Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter.The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month from $13 million in December as it launched new model Command-R, said the source, who requested anonymity to discuss confidential matters.Elevate Your Tech Prowess with High-Value Skill…

Nvidia Chief Executive Jensen Huang on Monday kicked off his company's annual developer conference with a slew of announcements designed to keep the chip maker in a dominant position in the artificial-intelligence industry.On a hockey arena stage in the heart of Silicon Valley, Huang introduced Nvidia's latest chip, which is 30 times speedier at some tasks than its predecessor. He also detailed a new set of software tools to help developers sell AI models more easily to companies that use technology from Nvidia, whose…

Oracle said on Monday it is set to make a joint announcement with chip-giant Nvidia, and it beat estimates for quarterly profit, riding on the generative AI demand boom, sending shares up nearly 14% in extended trading.The late-day rally in Oracle's shares added more than $40 billion to its stock market value.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

A bill that could potentially end the presence of the popular video-sharing app TikTok in the United States is up for a decision in the House of Representatives as lawmakers continue to voice safety and privacy concerns. Here’s all you need to know:The House will fast-track a vote next week on legislation that requires ByteDance to either divest TikTok and other applications it controls within 180 days of enactment of the bill, or face a ban in the United States.Elevate Your Tech Prowess with High-Value Skill…

On the sidelines of the Oracle Cloud World Tour that concluded in Mumbai on 14th February, Rajan Krishnan, Group Vice President of Applications Development at Oracle, speaks on how the cloud journey of enterprises evolved over the years. He is in conversation with Rishi Tejpal of ET Prime. On the sidelines of the Oracle Cloud World Tour that concluded in Mumbai on 14th February, Rajan Krishnan, Group Vice President of Applications Development at Oracle, speaks on how the cloud journey of enterprises evolved over the…

Nexus Venture Partners, a US- and India-based venture capital major, has led a $25 million funding round in Orkes, an orchestration-focussed DevOps (developer operations) startup.The Cupertino, California-headquartered startup has witnessed significant growth since its initial launch and $9.3 million raise in 2022, as per a statement.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM KozhikodeIIMK Advanced…

Yahoo!, or Yahoo, or just yahoo... There’s less and less to be excited about as time goes on, and Yahoo, too, has become more unenthused as its once-bright star waned over the past three decades. Once the most popular online directory and search engine on the web, Yahoo turned 30 years old last week, Jan. 30, and nobody gave a damn.Google’s Antitrust Case Is the Best Thing That Ever Happened to AIYou see, Yahoo and I share a birthday, or nearly so. We were both given life in January of 1994. Back then, founders Jerry Yang…

AI roundup: The Ministry of Electronics and Information Technology's tableau will provide in-depth information about the use of artificial intelligence (AI) for various industries and the general public at the upcoming Republic Day Parade. In a surprising event, a robocall utilized AI to impersonate President Joe Biden's voice, discouraging voters from going to the polls. This and more in our daily AI roundup. Let us take a look.1. MeitY tableau will showcase AI useAt the Republic Day Parade, the Ministry of Electronics…

Jensen Huang was BFFs with everyone in Silicon Valley this year, becoming the only person to walk across all three conference stages of Microsoft, Amazon, and Google. Why? Because everyone needs his GPUs to power their AI dreams.Top 5 Shopping Tips for Amazon Prime DayGraphics Processing Units were once only coveted by PC gamers looking to max out their home setup, but now they’re the crown jewel of the most lucrative tech companies in the world. It’s a unique position to be in, but how did Jensen Huang get here? And what…

Meta and IBM assembled the Avengers of open-sourced artificial intelligence on Tuesday to form the AI Alliance, taking on leaders in the space such as OpenAI, Google, and Anthropic. The group of 50 companies, startups, universities, research institutes, and government bodies aims to foster an open-sourced community and accelerate responsible innovation in AI.“Even AI Rappers are Harassed by Police” | AI Unlocked“This is a pivotal moment in defining the future of AI,” said IBM CEO Arvind Krishna in a press release. “IBM is…