Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it has invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth…
Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include: a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions,…
Amazon says that it has developed a new warehouse robot, Vulcan, that can “feel” some of the items it touches. The two-armed Vulcan, which can maneuver goods inside the storage compartments Amazon has in its warehouses, uses force sensors to help it know when it makes contact with an object. One arm rearranges items in a…
OpenAI is launching a program, OpenAI for Countries, that the company says will enable it to build out the local infrastructure needed to better serve international AI customers. As a part of the new program, OpenAI will partner with governments to assist with efforts like building out data center capacity and customizing OpenAI’s products, including…
Design company Figma today announced multiple features, including AI-powered site and web app creation, a way for marketers to create assets in bulk, and a new drawing tool. With this launch, the company is taking on other creative solutions such as Canva and Adobe, along with AI-powered website and prototype creators such as WordPress, Wix,…
Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers. In an 8-K filing, CrowdStrike said the layoffs were part of a “a strategic plan (the ‘Plan’) to evolve its operations to yield greater efficiencies as the Company continues to scale its business…
Tech executives have long talked about how AI is going to revolutionize the advertising industry. In particularly, Meta CEO Mark Zuckerberg has been quite vocal about how exactly he wants his company to lead the transformation. Speaking onstage at Stripe’s annual Sessions conference in San Francisco on Tuesday, Zuckerberg laid out his plans to automate…
Mitsubishi Motors is in talks with Taiwan-based Foxconn’s electric vehicle division to source an OEM electric car model that the Japanese automaker plans to sell in Australia and New Zealand in the latter half of 2026. Mitsubishi said on Wednesday that it had signed a memorandum of understanding with Foxtron Vehicle Technology to develop the…
OpenAI sees itself paying a lower share of revenue to its investor and close partner Microsoft by 2030 than it currently does, The Information reported, citing financial documents. The news comes after OpenAI this week changed tack on a major restructuring plan to pursue a new plan that would see its for-profit arm becoming a…
Marathon Venture Partners, a venture firm in Athens that prides itself on being “day one partners to Greek tech partners,” just closed its newest fund with €75 million in capital commitments, according to partner Panos Papadopoulos. The vehicle brings the firm’s total assets under management to €175 million — a meaningful amount for an eight-year-old,…
