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By Jane Lanhee Lee
OAKLAND, Calif. (Reuters) – EnCharge AI, a chip startup born at a Princeton University lab, on Wednesday said it raised $21.7 million as it looks to commercialize its computing technology that is designed to run artificial intelligence applications more efficiently.
Its first products will be cards that can be easily slotted into server racks for companies to run AI applications, said Naveen Verma, CEO and co-founder of EnCharge AI and a professor of electrical and computer engineering at Princeton. He didn’t give a timeline for the product launch.
EnCharge AI chips work by computing data directly in the memory on the chip, using a special chip design and software. As AI models become more diverse and larger, more efficient computing is key, said Verma, and the traditional way of moving data in and out of memory causes bottlenecks in computing, slowing things down.
The technology was originally funded by the U.S. Department of Defense's Defense Advanced Research Projects Agency (DARPA) and R&D was funded by the Department of Defense, the company said. DARPA, which works on weapons, is credited with creating the internet and runs public contests for human-looking robots and self-driving cars.
The chips will first be used in factories, warehouses and retail spaces to run AI applications, said Verma. He said for now they will be focused on doing inference work – for example, identifying if something is a dog or a cat rather than training a machine to learn what a dog or a cat is.
EnCharge AI said the latest funding round was led by Anzu Partners with participation from AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund and Alumni Ventures.
(Reporting by Jane Lanhee Lee; Editing by Leslie Adler)
(Reuters) -The bodies of a mother and her young son were recovered on Wednesday hours after a tornado destroyed their home as it ripped through a rural town in northwest Louisiana – one of a swarm of twisters unleashed during the heavy winter storm system sweeping the United States. First responders found the 8-year-old boy's remains in a wooded area about a half mile (800 meters) away from his home in Keithville, Louisiana, a town of 300 people, after the tornado struck late on Tuesday night, the Caddo Parish Sheriff's Office said in a written statement. "I am heartbroken to learn of the mother and child who were killed in Southwest Caddo Parish due to one of numerous reported tornados," Louisiana Governor John Bel Edwards said in a statement posted to Twitter.
The jury stopped just before 7 p.m. and will resume deliberating Thursday to decide if Aaron Dean is guilty of a crime in the shooting of Atatiana Jefferson.
Two men will now spend the rest of their natural days behind bars after committing a deadly armed robbery at a gas station in DeKalb County.
Acting Danish Prime Minister Mette Frederiksen on Wednesday outlined her agreement for a new centrist coalition government, the country’s first in 44 years, saying it was the answer for uncertain times.
The U.S Department of Commerce will add the Chinese companies to a so-called Entity List as early as this week, the report said, citing a person familiar with the matter. YMTC declined to comment, and the U.S. Department of Commerce did not immediately respond to Reuters' request for comment outside business hours. Dozens of other Chinese entities, including YMTC, were "at risk" of being added to a trade blacklist as soon as Dec. 6, a U.S. Commerce Department official said in prepared remarks seen by Reuters last month.
A Bronx shootout that left four people wounded, one critically, was sparked by a $20 drug debt and started with a punch and a slap, a police source said Wednesday. The gunfight erupted outside the Mott Haven Houses on E. 141st St. near Willis Ave. in Mott Haven around 12:30 p.m. Monday, cops said. The mayhem began when a 39-year-old woman approached a homeless man who had borrowed money from …
The tech industry's troubles will follow it into the new year.
Alibaba Group Holding Limited (NYSE: BABA) lost access to some of the most advanced chip designs after British chip designer Arm Ltd gave in to the U.S. and U.K. chip embargo against China. Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY) owned chipmaker concluded that the countries would not approve the sale of its latest Neoverse V series due to its high performance, the Financial Times reports. The move impacts Alibaba’s T-Head chip unit and other Chinese groups. Neoverse V falls under Wassenaar
Roku (NASDAQ: ROKU) and Walt Disney (NYSE: DIS) are squaring off in a battle of revenue sharing and who knows what else this month. The first public shots were fired late last week when Disney+ launched an ad-supported streaming plan at a discount to the original service that's free of commercial interruptions on Thursday. The problem here is that you can't stream the new Disney+ format with ads on Roku's operating system.
The sale came after Fungible reportedly failed to secure additional funding and tried to sell itself to Meta.
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(Bloomberg) — Foxconn Technology Group, the primary assembler of iPhones for Apple Inc., is easing most anti-Covid restrictions at its factory in Zhengzhou, China — a facility that had become a flashpoint in the country’s efforts to contain infections.Most Read from BloombergIs Putin Finally Getting Smart About His Ukraine Disaster?Powell Says Fed Still Has a ‘Ways to Go’ After Half-Point HikeApple to Allow Outside App Stores in Overhaul Spurred by EU LawsElon Musk’s Tesla Share Sales Approach
Share prices of Intel (NASDAQ: INTC) have gained some momentum since hitting a 52-week low on Oct. 13, which seems a tad surprising when you consider that the chipmaker posted woeful results at the end of October revealing a huge drop in the company's revenue and earnings. It seems investors remain optimistic that Chipzilla's fortunes could turn around sooner than later. Let's look at the possible reasons investors may be optimistic about Intel.
Nokia (NOK) will offer its AVA Analytics software to BT for real-time insights and ad-hoc reporting to enable intelligent and automated decision-making process.
Despite a tough macroeconomic backdrop, software giant Oracle (NYSE: ORCL) produced solid quarterly results when it reported on Monday. Oracle is a small player in the IaaS market, but it's expanding faster than the market leaders. Amazon's AWS grew by 28% at constant currency in the most recent quarter; Microsoft's Azure grew by 42%; and Alphabet's Google Cloud grew by 38%.
After seven weeks of beta testing, Apple released the latest build of the iPhone operating system, iOS 16.2, earlier today. The free update comes with some fun new features and changes, including the brand new Apple Music karaoke feature, end-to-end encrypted iCloud backups, and a new collaborative digital whiteboard called Freeform. This is undoubtedly the biggest iPhone update since iOS 16. Here are the biggest new features worth knowing about.
Apple's (NASDAQ: AAPL) payment service, Apple Pay, saw a 52% year-over-year increase in adoption during November, according to data from Salesforce cited by Deutsche Bank analyst Bryan Keane. Apple is rapidly taking market share, and its fintech aspirations could stymie the growth of its rivals. The data show a surprising story for Apple Pay adoption.
Apple's iPhone 14 launch did not leave much to be desired. Investors still shouldn't be worried.
Apple is planning to allow third-party app stores on its iPhones and iPads in a move to comply with European Union regulations that are trying to monitor gatekeeping practices.
Microsoft Corp (NASDAQ: MSFT) President Brad Smith had offered to sign a legally-binding consent decree with the U.S. Federal Trade Commission to provide "Call of Duty" games to rivals, including Sony Group Corp (NYSE: SONY) for a decade. The rejected offer came just before the FTC prosecuted Microsoft for blocking the $69-billion takeover bid for video game publisher Activision Blizzard Inc (NASDAQ: ATVI), Reuters reports. Also Read: Activision Explored Offering World of Warcraft in China After

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