Post-Mo Intelligence raises billions in Series B for edge AI chips
Compute-in-memory AI chip firm Post-Mo Intelligence completed a Series B funding round of several billion RMB. The funds will expand M50 chip delivery and R&D for next-gen products, with its edge AI chips already adopted by over 100 clients. The funding signals a capital shift toward the edge AI chip market.
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OpenAI CFO: Midterm elections won't affect IPO plans
OpenAI CFO Sarah Friedlander stated that US midterm election results will not impact the company's IPO plans for next year. She emphasized continued investment in large data centers, redefining them as compute parks to meet customer demands.
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Runway hits $14.5B revenue focus on AI video
Runway co-CEO Anastasis Germanidis stated that the AI video startup has reached $14.5 billion in annual revenue. Despite major players like OpenAI retreating from the space, Runway continues to focus on AI video generation technology and secure market advantages.
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AI e-commerce startup Dalet Labs raises $7M seed funding
AI e-commerce startup Dalet Labs announced it has completed a pre-seed funding round of $7 million and launched its first 'generative shopping guide' app, Scene. This marks the company's formal emergence from stealth mode to leverage AI for a new shopping experience.
- Funding
Crusoe sells Wyoming data center to Google
Crusoe has sold its troubled Wyoming data center project to Google. The deal highlights the challenges faced in developing massive AI data centers, indicating uncertainties in infrastructure deployment.
- Funding
OpenAI raises $11B at $1.25T valuation
OpenAI reportedly raised an additional $11 billion in a funding round valued at $1.25 trillion. The deal is expected to close within the coming weeks. This capital will support the company's ongoing expansion of AI models and infrastructure.
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