Ollama has raised a $65M Series B led by Theory Ventures. Benchmark, 8VC, Y Combinator and others joined. The round takes the company’s total funding to $88M, three years after it launched, and Ollama set out the plan in a blog post on Thursday. Founder and chief executive Jeff Morgan gave the details to TechCrunch, […]
A suspected Chinese espionage group has been breaking into university mail servers across the United States and Canada. It has stolen credentials from staff in physics, engineering, and national security research. Security firm Proofpoint disclosed the campaign this week, tracking the crew as UNK_MassTraction and dating it to at least May. The Register reported further […]
Databento has raised $97M in Series B funding to build what it calls the market data platform for modern finance. The round was led by New Enterprise Associates, with DRW, Redpoint Ventures, and Tribe Capital joining. The company announced the raise on Thursday. Demand ran well past the target. The round was oversubscribed, drawing more […]
Microsoft president Brad Smith says the US is now regulating AI without a clear set of rules. The uncertainty, he warns, is a problem for the whole industry. He made the case to Fortune on the sidelines of the AI for Good Global Summit. “What we really have right now is regulation without transparent or […]
An economics professor at Brown University suspects most of his class cheated with AI, and he has the numbers to make the case. Roberto Serrano watched his take-home midterm average hit 96 out of 100. When he switched the final to an in-person test, the average fell to 48. He has taken the story public, […]
Manna Aero, the Ireland-based autonomous drone delivery startup, is setting up a US operations and manufacturing centre in Tulsa, Oklahoma, that will employ about 1,000 people over the next several years. Construction is underway, with manufacturing expected to begin in about a year. The expansion is fuelled by the $50 million in venture capital Manna […]
HubSpot has scrapped a plan to use its customers’ data for a new AI feature, just four days after announcing it. The CRM firm changed its terms on 1 July to pool customer data, including contact and employer details, for a tool that finds sales leads, The Information reported. It opted users in by default. […]
Nvidia has found a new way to handle its chip rivals: work with them. The GPU giant is combining its hardware with inference chips from the startup d-Matrix, The Information reported. The two will ship a joint system to run AI models. The AI-cloud firm Parasail will be its first customer, with the system due […]
A Texas startup has raised $91m to build a rocket engine most of the industry once wrote off as too hard. Venus Aerospace announced a $91m Series B to develop its Rotating Detonation Rocket Engine, or RDRE. Mercury Fund led the round. The backers read like a defence roll-call. Lockheed Martin Ventures joined, alongside MESH, […]
The nuclear age has quietly reached commercial spaceflight. City Labs, a Miami firm, has launched BOHR, which it calls the world’s first commercial nuclear-powered satellite and the first nuclear CubeSat. The craft is about the size of a softball. It flew on a SpaceX Falcon 9 rideshare on 7 July, alongside 80 other payloads, the […]
