GDS Holdings Limited, a China-based developer and operator of high-performance data centres in China and Southeast Asia, has raised $1 billion for its international affiliate from US investors who seek to capitalise on the infrastructure supporting a future of artificial intelligence (AI) and cloud. Its affiliate DigitalLand Holdings Limited, or GDS International, which acts as… Continue reading GDS raises $1b from Coatue, Baupost Group to expand global data centre businessThe Series B investment comprises new US investors, led by US hedge fun…
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Malaysian PE Creador to invest $344m in PH over next 5 yearsCreador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI…
Malaysia-based private equity firm Creador has announced plans to invest up to 20 billion pesos (about $344 million) in the Philippines over the next five years. In a statement, Creador Philippines country head and managing director Omar Mahmoud said the PE firm is actively seeking new investment opportunities in the country. It will look at… Continue reading Malaysian PE Creador to invest $344m in PH over next 5 yearsCreador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI…
EQT buys PageUp, leads $31M Series C in AI infra platform Neara in AustraliaPartners Group, Square Peg Capital and others also invested in Neara.
Swedish alternative investment firm EQT announced on Thursday two deals in Australia—the acquisition of SaaS talent solutions provider PageUp, and participation as the lead investor in AI infra startup Neara’s $31 million Series C round. EQT acquired Australia-founded PageUp, a SaaS talent acquisition, recruitment marketing, and talent management solutions firm from its existing majority owners… Continue reading EQT buys PageUp, leads $31M Series C in AI infra platform Neara in AustraliaPartners Group, Square Peg Capital and others also invested in Neara.
Matter Intelligence Raises $12M in Seed Funding
Matter Intelligence, a Los Angeles, CA-based remote sensing startup, raised $12M in Seed funding. The round was led by Lowercarbon Capital, with participation from Toyota Ventures, Pear, Mark Cuban, and E2MC. The company intends to use the funds to accelerate the development of its sensing infrastructure. Led by CEO Vishnu Sridhar, Matter Intelligence provides sensors that use hyperspectral imaging,… Continue reading Matter Intelligence Raises $12M in Seed Funding
Verax AI Raises $7.6M in Seed Funding
Verax AI, a Dallas, TX- and Tel Aviv, Israel-based provider of enterprise-grade software solutions, raised $7.6M in Seed funding. The round was led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures. The company intends to use the funds to accelerate its go-to-market processes and increase awareness. Founded… Continue reading Verax AI Raises $7.6M in Seed Funding
Clean Technica: Europe EV Sales Report — In September, 60% of European Automotive Sales Were Electrified003686
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Some 295,000 plugin vehicles were registered in Europe in September, rising 6% YoY, which represents the EV market’s return to growth for the first time since April. This is even more significant when you consider the overall market fell… Continue reading Clean Technica: Europe EV Sales Report — In September, 60% of European Automotive Sales Were Electrified003686
NYC Attempt to Scan Subway for Weapons With AI Fails Miserably as System Flooded by False Positives While Detecting Zero Actual Guns
Eat your heart out, Eric Adams. Falsity Fallacy New York City has been forced to reveal that its AI-powered gun-scanning pilot for its sprawling subway system was a total bust. As CBS New York reports, experts who long opposed the Evolv startup’s AI subway scanning tech — championed by embattled Mayor Eric Adams — have been… Continue reading NYC Attempt to Scan Subway for Weapons With AI Fails Miserably as System Flooded by False Positives While Detecting Zero Actual Guns
Pentagon Uneasy About Elon Musk’s New Spy Satellites
And they have good reason to worry. Tinker Tailor SpaceX just launched some reportedly “next-gen” spy satellites on behalf of the US government — and it sounds like certain officials at the Pentagon are anxious about it. In interviews with the New York Times, Pentagon officials and consultants who work with the space industry say that… Continue reading Pentagon Uneasy About Elon Musk’s New Spy Satellites
Creator of Linux Trashes AI Hype
“My approach to AI right now is I will basically ignore it.” Bash AI Is AI everything that it’s made out to be? Not according to Linus Torvalds, the creator of Linux and its enduring chief spokesperson: in his view, the tech is “90 percent marketing and ten percent reality.” Ouch. Torvalds had some harsh… Continue reading Creator of Linux Trashes AI Hype
Elon Musk Recommends Feeding Your Medical Scans Into His Grok AI
Image by Getty / Futurism X-formerly-Twitter owner and xAI CEO Elon Musk claims that his foul-mouthed AI chatbot Grok is now capable of understanding images. And what does its creator want you to do? Feed it private medical documents, of course. “Try submitting x-ray, PET, MRI or other medical images to Grok for analysis,” Musk… Continue reading Elon Musk Recommends Feeding Your Medical Scans Into His Grok AI