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SingularityNET, an artificial intelligence platform developer, has revealed a $53 million investment in a modular supercomputer dedicated to decentralized artificial general intelligence (AGI).

Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu.

Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding.

Gartner revises server spending forecast sharply upward as generative AI effect kicks in.

As the demand for AI applications continues to grow, selecting the right GPU becomes a critical decision that can significantly impact both performance and cost. The recent NScale webinar, featuring experts Elio Van Puyvelde - CIO from NScale, and Jörg Roskowetz, Director of Solution Architecture for AI and Web Technologies from AMD, provided valuable insights into GPU selection, performance benchmarks, and optimization strategies to help AI developers make informed decisions. Here’s a summary of the key points discussed in the webinar.

SK Telecom, South Korea's largest wireless carrier by membership, signed a contract to invest $200 million in Smart Global Holdings, a US company specializing in data center integration solutions.

Skild AI raised $300 million in Series A funding, bringing the company to a $1.5 billion valuation.

Artificial intelligence startup Fireworks AI, a platform that helps companies fine-tune and deploy generative AI models for specific purposes, announced it has raised $52 million in a Series B funding round.

Armada, an edge computing startup, announced a $40 million funding round led by M12 (Microsoft's Venture Fund), raising its total to over $100 million. This funding comes as all Armada products are now available in the Microsoft Azure Marketplace, with Azure customers able to use pre-committed Azure spend on Armada products.

AMD announced the signing of a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million.

Deloitte announced a multi-year strategic collaboration agreement with Amazon Web Services (AWS) to help clients around the world scale their Generative Artificial Intelligence, data and analytics and quantum computing capabilities by using AWS services, such as Amazon SageMaker, Amazon Bedrock, Amazon Q and Amazon Braket.

Singtel and SK Telecom announced that they have signed a Memorandum of Understanding (MoU) to collaborate on building next-generation telecommunications networks that will drive innovation, improve network performance and security and deliver enhanced customer experiences over the next two years.

Siemens Digital Industries Software launched Solido Simulation Suite, an AI-accelerated platform providing faster verification for next-generation analog, mixed-signal, RF, memory, library IP and 3D IC designs.

SK Group, the parent of South Korean memory chipmaker SK Hynix Inc., plans to invest $74.6 billion into its chip business over the next three years, setting aside an additional $58 billion especially for artificial intelligence-related technologies and shareholder returns.

Axelera AI, the leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, raised $68 million in Europe's largest oversubscribed Series B for fabless semiconductors, bringing the total funding to $120 million.