Quantum computing may be a very big deal in the future, but the companies betting on this sector need to produce revenue in the present to find out how big of a deal it eventually will be. This week, IonQ reported second quarter 2024 earnings that included $11.4 million in revenue, above the company’s previous…
LightSolver has secured €12.5M from the European Innovation Council (EIC) Accelerator Program to advance its pioneering all-optical processor. The funding includes an initial €2.5 million grant from the EIC Fund and a future equity investment of €10 million, placing LightSolver among the top 68 companies selected from 969 applicants. This investment will accelerate the commercialization of their laser-based…
Company to pioneer confidential AI for U.S. Navy with NVIDIA technology integration PALO ALTO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) — Anjuna, creator of Anjuna Seaglass, the Universal Confidential Computing Platform, today announced that it has closed a $25 million Series B2 financing round to propel and expand its AI-enabling enterprise offerings. The round was led…
Groq aims to democratize inference computing with a massive funding boost, plans for hardware expansion The startup, known for its GroqCloud platform — a cloud-based service where developers can test and develop AI models at high speeds — plans to use the funds to significantly expand its Language Processing Unit (LPU) infrastructure. Groq has raised $640 million…
Insider Brief Major challenges remain in scalability, error correction, and hardware performance, but QuEra’s research shows significant progress in overcoming these barriers. The US is leading in quantum computing, with 82% of US respondents confident in its role, while European confidence varies, highlighting different national strategies and concerns about resource competition. Over half of…
The laptop is powered by the latest Qualcomm Snapdragon X Elite processor. “This launch represents a significant milestone in our mission to deliver the best AI-optimised experiences to our users,” said Ashish Sikka, Director and Category Head at Lenovo India. “With Lenovo’s product offerings and Microsoft’s AI expertise, we ensure that our customers have access to the…
Pranav Deshpande, revealed that the work pace is “manic” that he has never seen a team grind this hard. He also wrote, “Really excited to be working with a stellar group of people at one of the most important companies today. An honor and a privilege! One month in and the pace is manic. Never…
Isro is going to hold a free 5-day course covering AI and ML topics for students from August 19 to 24 to drive innovation in the space sector. Participants will receive a certificate upon completion. In Short ISRO announces free AI and ML course for students Course includes AI/ML basics, deep learning, and applications Certificate…
According to a report from Korean tech outlet The Elec, Microsoft has contracted Samsung to supply micro OLED display panels for what is described as “next-generation mixed reality devices.” Unlike Meta’s current line of Quest headsets, the alleged Microsoft headset will be used for “enjoying or watching content such as games or movies rather than the…
Review By Dilip Davda on August 8, 2024 • The company has established its niche place in oil and gas related services and EPC projects. • It posted exponential growth in its top and bottom lines for the reported periods. • Considering Government of India’s plans and spending, this segment is poised…
