In 2023, after three years of building an automotive lending startup, Fuse co-founders Andres Klaric and Marc Escapa realized that LLMs could modernize something even more significant: the loan origination system (LOS), which is the backbone of the lending industry. Frustrated by the limitations of legacy software, Klaric (pictured left), …
SourceEight-year-old semiconductor startup Frore Systems has raised a $143 million Series D, led by MVP Ventures, at $1. 64 billion valuation, the company announced on Monday. Frore has now raised $340 million total, the company said. Frore doesn’t make the chips themselves; it makes liquid-cooling systems for them. Founded by …
SourceNvidia kicks off its annual GTC developer conference in San Jose, California, on Monday with CEO Jensen Huang’s keynote scheduled for 11 a. GTC — which stands for GPU Technology Conference — is Nvidia’s flagship annual event, running from March 16 to March 19. The chipmaker typically uses the spotlight …
SourceNvidia CEO Jensen Huang used the company’s keynote at Nvidia GTC on Monday to introduce DLSS 5, a new version of the chipmaker’s AI graphics tech designed to make video games more realistic while using less compute power. The new DLSS 5 system combines traditional 3D graphics data with generative …
SourceElon Musk’s company xAI should be held accountable for allowing its AI models to produce abusive sexual images of identifiable minors, three anonymous plaintiffs argued in a lawsuit filed Monday in California federal court. The three plaintiffs want to bring a class action suit representing anyone who had real images …
SourceApple has acquired MotionVFX, a company that develops plug-ins, templates, and advanced capabilities for Apple’s Final Cut Pro video editing software. The financial terms of the deal are unknown. “We are extremely excited to share that MotionVFX is joining the Apple team to continue to empower creators and editors to …
SourceThe electrical grid has changed more in the last decade than in the preceding five. Solar, wind, and batteries have pushed power generation away from monolithic producers. But fundamentally, the grid still suffers from the same challenges. “The problem on the grid is a peak problem. Most of the time …
SourceShawn Shen believes that AI will need to remember what it sees in order to succeed in the physical world. Shen’s company Memories. ai is using Nvidia AI tools to build the infrastructure for wearables and robotics to be able to remember and recall visual memories. ai announced a collaboration …
SourceElizabeth Warren (D-MA) sent a letter to Defense Secretary Pete Hegseth on Monday expressing concern over the Pentagon’s decision to give Elon Musk’s company xAI access to classified networks. “Grok, the controversial AI model developed by xAI, has provided disturbing outputs for users, including giving users ‘advice on how to …
SourceNvidia CEO Jensen Huang threw out a lot of numbers — mostly of the technical variety — during his keynote Monday to kick off the company’s annual GTC Conference in San Jose, California. But there was one financial figure that investors surely took notice of: his projection that there will …
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