funding Archives

Receiving $1.5 billion funding under the CHIPS Act, GlobalFoundries secures major financial support.

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1 year ago
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The US government has approved a $1.5 billion funding under the CHIPS Act with GlobalFoundries to establish a chip manufacturing plant to meet the demand in the United States. Additionally,...

Elon Musk’s xAI Sparks Rumors as Investor Negotiations Blitz Raises Another Whopping $6 Billion

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2 years ago
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According to the Financial Times, Elon Musk’s xAI company is seeking to raise a whopping $6 billion in funding, surpassing the company’s valuation of $20 billion. This move is aimed...

Expansion of Chip Manufacturing Factories in Israel: Israeli Government Allocates $3.2 Billion in Intel Funds

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2 years ago
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The Israeli government has approved a whopping $3.2 billion in funding to support the expansion of Intel’s chip manufacturing facility. This project has a total investment value of $25 billion,...

Provocative Increment in Workforce Diminution: SiFive, Architect of RISC-V Chips, Initiates 20% Resignation Phenomenon

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2 years ago
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SiFive, the chip design company behind the RISC-V instruction set, has laid off 20% of its workforce, which previously consisted of over 500 employees. Despite recently unveiling two new CPU...

Introducing MidJourney: The New Competitor in Ideogram’s Text Rendering Game

Posted byby maxmazo
2 years ago
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Ideogram AI has launched a groundbreaking augmented intelligence application that allows regular users to create limited AI-generated images. The key feature of Ideogram’s AI is its ability to understand instructions...

Hugging Face: An AI Developer Community Platform Secures $235 Million Funding from Tech Giants

Posted byby maxmazo
2 years ago
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Hugging Face, the AI-focused startup platform for developers, has announced that it has secured an additional $235 million in funding, increasing its business valuation to $4.5 billion. What makes this...