Tag: Artificial intelligence

AIFundingStartups

Fal.ai Hits $4 Billion Valuation in Latest Funding Round Amid Multimodal AI Boom

Fal.ai, a multimodal AI infrastructure provider, has reportedly secured approximately $250 million in new funding at a valuation exceeding $4 billion. The round comes just months after its previous $125 million Series C, reflecting explosive growth in demand for media-generation AI tools.

Massive Valuation Leap for AI Infrastructure Provider

Multimodal AI startup Fal.ai has closed a new funding round valuing the company at over $4 billion, according to reports from four people familiar with the deal. Sources indicate the company raised approximately $250 million in this latest round, with major investments coming from venture capital firms Kleiner Perkins and Sequoia Capital.

by Darren Holt
AIHardwareSemiconductors

Axelera AI Unveils High-Performance Europa Chip for Edge AI Computing

Axelera AI has introduced the Europa chip, an AI processor designed for edge computing that reportedly sets new benchmarks in performance and efficiency. The chip supports generative AI and computer vision, with availability expected in early 2026.

New AI Chip Targets Edge Computing Demands

Axelera AI has launched its Europa AI processor unit (AIPU), engineered to handle high-performance edge computing tasks such as generative AI and computer vision, according to reports. Sources indicate that the chip achieves up to 629 TOPS at INT8 precision, positioning it as a leader in performance, power efficiency, and cost-effectiveness for edge AI applications.

by Liam Dorsey
AISemiconductorsTechnology

IBM Partners with Groq to Accelerate AI Inference Performance for Enterprises

IBM has announced a strategic partnership with AI hardware specialist Groq to enhance inference capabilities within its watsonx platform. The collaboration reportedly brings significant performance improvements to enterprise AI workflows. Sources indicate the integration could deliver substantially faster and more cost-effective AI inference compared to traditional solutions.

Strategic Partnership for Enhanced AI Performance

IBM has entered into a significant collaboration with AI infrastructure company Groq to provide enterprise customers with accelerated artificial intelligence inference capabilities, according to recent reports. The partnership integrates Groq’s specialized technology stack into IBM’s watsonx platform, potentially offering businesses a more efficient path for deploying AI applications at scale.

by Darren Holt