Science and Technology

Investors Plough .1 Billion Into AI Startups Despite Economic Struggles

Investors Plough $27.1 Billion Into AI Startups Despite Economic Struggles

More news - News 24 hours In May, CoreWeave, a provider of cloud computing services for AI companies, raised $1.1 billion, followed by $7.5 billion in debt, reaching a valuation of $19 billion. Scale AI, a data provider for AI companies, secured $1 billion, at a valuation of $13.8 billion. Additionally, xAI, founded by Elon Musk, raised $6 billion, reaching a valuation of $24 billion. According to Kyle Stanford, research analyst at PitchBook, these funding rounds have increased overall deal volume in the industry, both in terms of dollar amounts and number of deals. "It's not declining anymore," he said.…
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Robots Have Chubby Faces (and Smiles), According to New Research

Robots Have Chubby Faces (and Smiles), According to New Research

More news - Breaking news In Japan, engineers are working to create robots that can mimic human expressions, particularly smiles. They developed a face mask using human skin cells, which they attached to robots using a new technique that hides the bond and is flexible enough to form expressions such as a grimace or a slight smile. The look is a mix between the disturbing Hannibal Lecter mask and the claymation character Gumby. However, scientists believe that these prototypes could lead to more advanced robots. These robots would have a durable, elastic outer layer that protects the machine while making…
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Nvidia, with a market capitalization of .34 trillion, becomes the most valuable company

Nvidia, with a market capitalization of $3.34 trillion, becomes the most valuable company

Related media - Recent news Nvidia leapfrogged two of the tech industry’s most storied names on Tuesday to become the world’s most valuable public company, according to data from S&P Global. Its rise has been fueled by a boom in generative artificial intelligence and growing demand for the company’s chips — known as graphics processing units, or GPUs — that enable the creation of AI systems. Nvidia's rise is among the fastest in the history of the market. Just two years ago, the company's market valuation exceeded $400 billion. Now, in the space of a year, it has gone from…
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Supreme Court sides with Biden administration in social media case

Supreme Court sides with Biden administration in social media case

Related media - Recent news The Supreme Court ruled in favor of the Biden administration in a case involving social media, scoring a significant practical victory. The ruling rejected a Republican challenge that sought to prevent the government from communicating with social media platforms to combat misinformation. In a 6-3 decision, the Court found that the plaintiffs, including states and individuals, did not suffer direct damages that would have entitled them to sue. This decision leaves unresolved broader questions about the First Amendment's limits on government influence over tech companies, which control much of the flow of information online. The…
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