funding
-
Blog
UK government targets ‘startup’ mindset in AI funding overhaul
Public sector AI funding will be overhauled in the UK in a bid to simplify processes and push more projects into development, the government has revealed. Announced by the UK’s Department for Science Innovation and Technology (DSIT), the new approach to spending will seek to embed a “startup” mindset and change how the government funds small AI projects and outdated…
Read More » -
Blog
Apple plans to spend $500 billion in the next four years – but how much of that is fresh funding?
Apple has announced plans to invest more than $500 billion in the US over the next four years, marking the tech giant’s largest-ever spending commitment. The funding will go on a broad mix of projects, including expanding the staff and facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington, as well as on a new factory…
Read More » -
Blog
“Thinly spread”: Questions raised over UK government’s latest cyber funding scheme
The UK government plans to spend £1.9 million on cyber resilience projects across the country, the Department for Science, Innovation and Technology (DSIT) has revealed. With planned investment in more than 30 projects, the money will help improve the UK’s cyber resilience for both businesses and consumers, and boost national cyber skills. Some projects set to receive funding include ‘CyberSecurityAId:…
Read More » -
Blog
/cdn.vox-cdn.com/uploads/chorus_asset/file/25815214/2167038915.jpg)
Climate group that called for Gaza ceasefire risks losing federal funding
An alliance of grassroots environmental groups could lose $60 million in federal funding after calling for a ceasefire in Gaza. The Climate Justice Alliance (CJA) was named one of the Environmental Protection Agency’s “grantmakers” more than a year ago, putting it in charge of distributing subgrants for locally led environmental projects. But out of 11 of the EPA’s grantmakers, the…
Read More » -
Blog
Databricks targets steep growth after historic funding round
Databricks has raised $10 billion in venture capital (VC) funding, marking one of the largest investment rounds in tech history. Founded in 2013, Databricks is built upon the open source Linux Foundation Delta Lake lakehouse system, though its Data Intelligence Platform announced last year marked a shift towards more AI integration following its acquisition of MosaicML. Just over a decade…
Read More » -
Blog
OpenAI just raised $6.6bn in funding, but it drove a hard bargain – investors will be stopped from funding rivals
OpenAI has sealed its much-watched funding round, raising $6.6 billion from investors including Microsoft, Nvidia, and venture capitalists. The funding round values OpenAI at $157 billion, and includes $1.2 billion from Thrive Capital alone, as well as money from Khosla Ventures, SoftBank, and Fidelity, among others. Nvidia’s investment marked its first in OpenAI. Apple had been widely reported to be…
Read More » -
Blog
Intel and the US set to seal $8.5B CHIPS Act funding – Computerworld
“This agreement marks one of the largest investments ever in US semiconductor manufacturing, which will create over 30,000 good-paying jobs and ignite the next generation of innovation,” US Secretary of Commerce Gina Raimondo said in March. The CHIPS Act has allocated $39 billion in direct government funding to bolster domestic manufacturing, with Intel receiving the largest individual award. Other recipients…
Read More » -
Blog
Government AI funding to help cut rail delays and boost construction projects
Almost 100 projects developing AI productivity tools have been awarded a share of £32 million in UK government funding. The funding is specifically aimed at supporting solutions in high growth industries, with the aim of exploiting AI to drive greater productivity and efficiency across key areas of the economy. The 98 projects involve more than 200 businesses and research organizations…
Read More »