Air Street becomes one of the largest solo VCs in Europe with $232M fund
Air Street Capital has closed a $232 million fund to invest in early-stage AI companies in Europe and North America.
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Gimlet Labs has raised $80 million to develop technology that enables AI inference to run simultaneously across diverse hardware chips from multiple manufacturers.
Why it matters
The ability to efficiently run AI inference across a wide range of hardware is crucial for scaling AI deployments. This innovation addresses a significant bottleneck in AI, potentially lowering costs and increasing accessibility by allowing developers to leverage existing and diverse hardware infrastructure rather than being tied to specific vendors. This could accelerate the adoption and deployment of AI models across various industries.
Gimlet Labs is building a way for AI to run on many different computer chips at the same time. This helps AI run faster and cheaper by using whatever chips are available.
Air Street Capital has closed a $232 million fund to invest in early-stage AI companies in Europe and North America.
Read on TechCrunch →Littlebird has secured $11 million in funding for its AI tool that analyzes computer screen content in real-time to provide context, answer questions, and automate tasks without the need for screenshots.
Read on TechCrunch →Animal welfare advocates in the Bay Area are exploring the use of AI to improve their efforts.
Read on MIT Technology Review →