AI startup Cohere has acquired Ottogrid, a Vancouver-based platform that develops enterprise tools for automating certain kinds of high-level market research. Sully Omar, one of the founders of Ottogrid, announced the deal Friday in a post on X. He didn’t disclose the terms. Excited to announce that Ottogrid is joining @cohere ! pic.twitter.com/FPNl9IiNW8 — Sully
Aletiq has raised a €6 million funding round led by Point Nine a few months ago (around $6.5 million at current exchange rates). The French startup is announcing the founding round today. Aletiq has been developing product lifecycle management (PLM) software for manufacturing industrial companies working in aerospace, automotive, electronics, luxury and more. When you
Google and nuclear site developer Elementl Power announced this week that they will work together on three sites for advanced nuclear reactors. The tech company has been rushing to lock up energy sources as its AI ambitions drive growing power demands at its data centers. This year alone, Google plans to spend $75 billion building
Microsoft Build, Microsoft’s biggest event of the year, is on the horizon. It’s scheduled to start May 19 at the Seattle Convention Center, and it’ll run through May 22. The keynote address featuring Microsoft CEO Satya Nadella and CTO Kevin Scott will take place May 19 at 9:05 a.m. PT. That’ll be followed by a
OpenAI appears to be pulling well ahead of rivals in the race to capture enterprises’ AI spend, according to transaction data from fintech firm Ramp. According to Ramp’s AI Index, which estimates the business adoption rate of AI products by drawing on Ramp’s card and bill pay data, 32.4% of U.S. businesses were paying for
It’s already been a tumultuous year for the U.S. semiconductor industry. The semiconductor industry plays a sizable role in the “AI race” that the U.S. seems determined to win, which is why this context is worth paying attention to: from Intel’s appointment of Lip-Bu Tan to CEO — who wasted no time getting to work
Google pitched its $32B Wiz acquisition as ‘multicloud’ : Tuesday’s big news that Google is acquiring security startup Wiz for a record-breaking $32 billion comes with a very big qualifier. Google says it will position Wiz as a “multicloud” offering, meaning Wiz will not be a Google-only shop. The reality is that Google had no
Nerdio, a platform designed to simplify how companies deploy and manage Microsoft cloud technologies, has raised $500 million in a Series C round of funding. The Chicago-based startup says its valuation has now quadrupled since its Series B round two years ago, and is now firmly in unicorn territory — though the company wouldn’t reveal
Google is making the biggest acquisition in its history. The company’s parent company Alphabet is buying Wiz, the cloud security startup, for $32 billion in an all-cash transaction. The deal has now been confirmed. A source described the transaction as a $33 billion deal previously. That includes the $1 billion that Google is paying out
Google revives talks to acquire Wiz at higher valuation. Update: the deal is done at $32 billion, in cash. Read more here. Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at
