Reka, an AI model startup founded by former researchers from Alphabet's DeepMind, has raised US$50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake, the companies told Reuters. The valuation of the deal was not disclosed. A source familiar with the matter
Reka, an AI model startup founded by former researchers from Alphabet's DeepMind, has raised US$50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake, the companies told Reuters.
Reka focuses on building large and specialised AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a US$1.3 billion deal on Monday.
Reka will use the funding to acquire computing power from Nvidia, as well as build a business team, according to chief executive Dani Yogatama.
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Apollo Global leads debt investment in chipmaker Wolfspeed - mediaA group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another
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Chipmaker Wolfspeed secures $1.25 billion in debt funding from Apollo GlobalWolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion.Wolfspeed CEO Gregg Lowe said the financing would help 'scale up near-term operations at our Mohawk
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Chipmaker Wolfspeed secures $1.25 billion in debt funding led by Apollo GlobalWolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion.Wolfspeed CEO Gregg Lowe said the financing would help 'scale up near-term operations at our Mohawk
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Boucheron welcomes actress Han So-hee as its first-ever South Korean global ambassadorGet ready to be spellbound by this enchanting partnership of Boucheron and Han So-hee.
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Energy sector CO2 emissions hit record in 2022: StudyLONDON: Global energy sector carbon dioxide emissions hit a record peak last year counter to Paris commitments, a key study warned on Monday (Jun 26), and highlighted the 'worst ever' impacts of climate change. UK-based global industry body the Energy Institute laid out the main findings of its Statistical
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Experts urge Singapore museums to review their collections amid global trend of cultural relics being sent homeSINGAPORE — With calls for looted artefacts and sacred idols to be returned to the countries they came from growing louder in recent years, history and arts experts in Singapore are also urging museums here to review where and how they procured their collections.
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