Emerging Tech – SiliconANGLE

Meta unveils new mixed reality Quest 3S headset, updated AI models and next-gen AR glasses

Kyt Dotson — Wed, 25 Sep 2024 20:04:03 +0000

Meta Platforms Inc. took the stage today at Meta Connect 2024 to announce innovations in mixed reality and artificial intelligence with the introduction of the Quest 3S headset, AR glasses and updated AI models. The new device has the same mixed reality capabilities and features as the Meta Quest 3, but a lower price at […]

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Mobileye shares jump as Intel confirms no plans to divest majority stake

Duncan Riley — Thu, 19 Sep 2024 22:25:34 +0000

Shares in automotive chip maker Mobileye Global Inc. jumped nearly 15% today after its majority shareholder, Intel Corp., said that it has no plans to divest its interest in the company. Reports earlier this month suggested that Intel was considering offloading its 88% stake in the company via public markets or directly to a third […]

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Three insights you might have missed from Supermicro’s Open Storage Summit

Mark Albertson — Wed, 18 Sep 2024 20:40:44 +0000

The wave of artificial intelligence adoption sweeping the technology world has propelled a number of companies to prominence in 2024, as enterprises look for software-led, high-performance computing solutions. One such firm is Super Micro Computer Inc., which, despite recent financial headwinds, has established itself as a central player in AI deployment through its data center […]

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Darkhive raises $21M to strengthen US drone ecosystem with secure software solutions

Duncan Riley — Wed, 11 Sep 2024 23:14:14 +0000

Defense technology startup Darkhive Inc. has raised $21 million in new funding to develop its product portfolio, expand its resources and pursue new business opportunities. Founded in 2021, Darkhive creates and develops hardware and software for the U.S. drone industry with a focus on delivering a complete ecosystem to teams in the field. The company’s […]

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Autonomous driving startup Forterra closes $75M investment

Maria Deutscher — Tue, 10 Sep 2024 21:33:16 +0000

Forterra, a supplier of autonomous driving technology for military and commercial vehicles, today announced that it has closed a $75 million Series B investment. The startup says that it secured more than two and a half times the sum it had originally set out to raise. Moore Strategic Ventures, XYZ Venture Capital and Hedosophia led […]

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Quantum Source nabs $50M to develop practical, large-scale quantum computing

Kyt Dotson — Tue, 10 Sep 2024 17:10:25 +0000

Tel Aviv-based startup Quantum Source Labs Ltd. today announced that it has raised $50 million in early-stage funding with the aim to develop cost-effective, practical quantum computing solutions at large scale that can unlock the commercial potential for the new technology. The company’s Series A funding round was led by Eclipse and also joined by […]

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Samsung and VMware collaborate on CXL solutions for server memory expansion

Mark Albertson — Wed, 28 Aug 2024 20:04:28 +0000

Compute Express Link, or CXL, has only been in use for five years, yet it is already having an impact in connecting server components. The technology, introduced by Intel Corp. in 2019 and designed as an open-standard interface for high-speed communications, connects a server’s central processing unit with accelerator chips attached to the machine. As […]

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A man is playing video games again after Neuralink’s second successful brain implant surgery

James Farrell — Fri, 23 Aug 2024 01:36:24 +0000

Elon Musk’s brain-computer interface company, Neuralink Corp., announced today a successful surgery in what is now its second human implant. This follows the first success back in January this year, a milestone for Neuralink, which has been talking about hooking human brains up with computers since it was founded in 2017. Hundreds of millions of […]

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HTC opens up the metaverse with Viverse Create, a no-code virtual world-building platform

Kyt Dotson — Thu, 22 Aug 2024 14:00:29 +0000

Viverse, the open computing platform for virtual worlds from HTC Corp., today announced the release of a suite of tools that will give creators the ability to build and share immersive multiplayer worlds for any device as part of the “metaverse” with no code required. The metaverse can be described as interconnected, virtual, 3D spaces […]

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ALS sufferer ‘speaks’ for first time in years with groundbreaking brain implant

James Farrell — Fri, 16 Aug 2024 01:00:19 +0000

Scientists at the University of California at Davis have helped a man to speak again using a brain chip that can interpret his brain signals to read them aloud using artificial intelligence to mimic the man’s real voice. In 2023, Casey Harrell was diagnosed with the neurodegenerative disorder amyotrophic lateral sclerosis, or ALS. The disease […]

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Quantum Circuits raises $60M to build scalable error-correcting quantum platform

Kyt Dotson — Thu, 15 Aug 2024 16:40:00 +0000

Quantum Circuits Inc., a spinout from Yale University building a novel quantum computing platform, today announced it has raised more than $60 million in an early-stage funding round that will allow the company to commercialize its scalable solution with built-in error correction. The Series B investment was led by ARCH Venture Partners, F-Prime Capital, Sequoia […]

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Autonomous factory firm Hadrian buys Datum Source to cater to defense industry startups

Mike Wheatley — Thu, 15 Aug 2024 01:34:08 +0000

Hadrian Automation Inc., a startup that operates autonomous factories for the defense and space industries, said today it has acquired the procurement software firm Datum Source Inc., whose platform uses artificial intelligence to connect startups with specialist manufacturing partners. The acquisition is being tagged as a strategic move that will enable Hadrian to accommodate the unique […]

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Apple reportedly moving forward with iPad-like home device with robotic arm

Duncan Riley — Wed, 14 Aug 2024 23:28:25 +0000

Apple Inc. is reported moving forward with plans to develop a tabletop home device that combines an iPad-like display with a robotic arm. The report from Bloomberg’s usually very accurate Apple analyst Mark Gurman cites people familiar with the matter saying the company has tasked several hundred people to work on the device. Along with […]

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Waymo to start testing fully autonomous vehicles on San Francisco freeways

Maria Deutscher — Mon, 12 Aug 2024 21:14:14 +0000

Waymo LLC will start testing its autonomous vehicles on San Francisco freeways later this week without a human driver aboard. The move, which TechCrunch reported today, marks the latest milestone in the Alphabet Inc. unit’s efforts to build a large-scale autonomous ride-hailing service. Waymo started carrying out similar freeway tests in Phoenix earlier this year. […]

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Defense technology startup Anduril valued at $14B following $1.5B investment

Maria Deutscher — Thu, 08 Aug 2024 21:14:46 +0000

Defense technology startup Anduril Industries Inc. today announced that it has raised $1.5 billion in funding to upgrade its manufacturing infrastructure. The investment was co-led by Founders Fund and Sands Capital. Fidelity Investments, Baillie Gifford and a number of other institutional investors chipped in as well. Anduril is now worth $14 billion, up from $8.5 […]

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Rivian shares slide as electric car maker reports cost blowouts in second quarter

Duncan Riley — Wed, 07 Aug 2024 00:35:30 +0000

Shares in Rivian Automotive Inc. fell more than 6% in late trading today after the electric car maker reported a higher-than-expected loss in its second quarter. For the quarter ended June 30, Rivian reported an adjusted earnings per share loss of $1.13, up from a loss of $1.08 per share in the same quarter of […]

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Quantum error correction startup Riverlane closes $75M investment

Maria Deutscher — Tue, 06 Aug 2024 19:06:45 +0000

Riverlane Ltd., a U.K. startup working to make quantum computers more reliable, today disclosed that it has closed a $75 million Series C funding round. Growth equity firm Planet First Partners led the investment. It was joined by a half-dozen other institutional backers, including Altair Engineering Inc., a publicly traded provider of simulation software. TechCrunch […]

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AI and private 5G highlighted in telecom network modernization efforts

Sead Fadilpasic — Fri, 26 Jul 2024 20:27:16 +0000

Telecom network modernization is taking center stage as the industry embraces transformative advancements highlighted at HPE Discover 2024. Innovative technologies are propelling the sector forward, emphasizing the need for rapid adaptation. Telecom companies now face the challenge of evolving quickly while maintaining the reliability and integrity of their services, according to Anil Ganjoo (pictured, right), chief […]

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Tesla shares drop 6% on mixed results as price-cutting drives down automotive revenue

Duncan Riley — Tue, 23 Jul 2024 22:04:30 +0000

Shares in Tesla Inc. fell about 6% in late trading today after the electric car maker and energy company reported mixed quarterly results. For its second quarter that ended June 30, Tesla reported adjusted earnings per share of 52 cents, down from 90 cents in the same quarter of last year, on revenue of $25.5 billion, […]

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Electric autonomous tractor company Monarch Tractor raises $133M

Kyt Dotson — Tue, 23 Jul 2024 16:10:53 +0000

Monarch Tractor, the creator of a fully electric driver-optional smart tractor, announced Tuesday it has raised $133 million in fresh funding in the largest fundraiser by an agricultural robotics firm to date to build artificial intelligence-driven sustainable farming solutions. The company’s Series C funding round was co-led by the global impact investor Astanor and HH-CTBC […]

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Warehouse robotics automation firm Mytra launches with $78M to change how materials move

Kyt Dotson — Tue, 23 Jul 2024 13:00:20 +0000

Mytra, a warehouse automation solution that uses artificial intelligence and robotics to move materials, today announced its launch from stealth with a total of $78 million to solve the biggest problems facing physical storage right now, which is moving materials. The company has developed a novel solution for storing and moving materials in a three-dimensional […]

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Magic Leap reportedly lays off its sales and marketing teams amid pivot to tech licensing

Maria Deutscher — Fri, 19 Jul 2024 21:26:16 +0000

Magic Leap Inc., the heavily funded mixed reality startup, has reportedly laid off its sales and marketing teams. Bloomberg today cited sources as saying that the restructuring affected about 75 employees. It’s unclear if the job cuts were limited to the sales and marketing departments or also hit other units. According to the report, Magic […]

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Meta reportedly in talks to acquire minority stake in eyewear maker EssilorLuxottica

Duncan Riley — Thu, 18 Jul 2024 22:39:54 +0000

Meta Platforms Inc., the parent company of services including Facebook, Instagram and WhatsApp, is reportedly in talks to acquire a minority stake in EssilorLuxottica SA, the world’s largest eyewear maker. According to The Wall Street Journal, Meta has been holding talks with the eyewear maker to acquire a stake of about 5% of the company, valued […]

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Cerabyte launches prototype ceramic-based data storage tech for low-cost, long-term archival data

Mike Wheatley — Mon, 15 Jul 2024 12:00:40 +0000

Data storage technology startup Ceramic Data Solutions Holding GmbH, better known as Cerabyte, said today it’s bringing its novel ceramic data storage offering to the U.S. market, as part of its ambition to transform the way long-term archival data is stored. The startup is pioneering the concept of “Ceramic Nano Memory,” which makes use of […]

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AI adoption and automation: Tanium’s strategies for organizational resilience

Sead Fadilpasic — Thu, 11 Jul 2024 16:15:19 +0000

AI adoption challenges are at the forefront of business operations, as highlighted in Asana’s “State of the IT Leader” report. Echoing this sentiment at the RSA Conference, Melissa Bischoping (pictured), director of endpoint security research at Tanium Inc., stressed the importance of understanding and trusting emerging technologies before fully committing, particularly regarding security and AI. […]

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Metaverse platform Infinite Reality raises $350M at $5.1B valuation and acquires Landvault

Kyt Dotson — Tue, 09 Jul 2024 15:50:41 +0000

Metaverse platform Infinite Reality Inc., a company that builds and powers virtual reality e-commerce and immersive digital media experiences, today announced it has raised $350 million in a funding deal that elevated the company’s valuation to $5.1 billion. Infinite Reality also announced the acquisition of Landvault, a technology company and studio that specializes in building […]

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Amazon ends its Astro for Business security robot program

Maria Deutscher — Wed, 03 Jul 2024 22:35:42 +0000

Amazon.com Inc. is discontinuing Astro for Business, a program that enabled businesses to monitor their facilities using the company’s Astro home robot. TechCrunch reported the development today, citing an email to customers. The move comes less than a year after Astro for Business made its debut. Robots sold through the program are set to stop […]

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Alphabet shuts down agricultural AI robot startup Mineral, licenses part to Driscoll’s

Kyt Dotson — Wed, 03 Jul 2024 16:50:46 +0000

Google LLC parent Alphabet Inc. is shutting down its moonshot technology agricultural artificial intelligence robot startup Mineral today and licensing some of its assets to berry producer Driscoll’s Inc. Mineral launched as a division of Alphabet’s moonshot technology lab, X, in 2020 with the vision that it would use AI and robotic “buggies” to analyze […]

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PitchBook: Global venture capital deals struggle amid economic uncertainties

Duncan Riley — Wed, 03 Jul 2024 04:01:18 +0000

A new first-look report out early Tuesday from PitchBook-NVCA Venture Monitor reveals a challenging landscape for global venture capital dealmaking amid macroeconomic uncertainties. In the second quarter of 2024, there was a slight uptick in global deal value driven by a few large transactions, but overall deal activity remained sluggish. A high number of VC-backed companies […]

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Biden administration awards $504M to 12 regional technology hubs

Maria Deutscher — Tue, 02 Jul 2024 19:11:45 +0000

The Biden administration has awarded $504 million to 12 regional technology hubs that will support research initiatives in areas such as quantum computing, chip production and autonomous driving. The White House announced the move today. The research centers that are set to receive funding are located in Colorado, Florida, Georgia, Illinois, Indiana, Montana, Nevada, New […]

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