Author: TechBrunch
Two years ago, Jobs for the Future (JFF), a nonprofit organization dedicated to supporting the upward mobility of low-wage workers, created JFFVentures, a venture arm that supports innovative employment technologies. In a move that signals a successful launch, JFFVentures today announced its second fund, JFFVentures Fund II, with a $50 million target. So far, $15 million has been raised. The new fund, funded in part by the Autodesk Foundation, Workday Foundation, and American Council on Education, will “enable economic mobility for workers in low- and middle-wage jobs,” according to JFFVentures. The company said it will target founders building HR, education,…
While major social apps are optimizing for maximum engagement using algorithmic feeds and personalized content recommendations, Retro wants to go in the opposite direction. The company is launching a new feature called Journal. A flexible way to share photos with your favorite people and visually record what's important in your life. Therefore, this feature can be used as something similar to a shared photo album, or it can be used to store personal records. yes i know. Photo sharing is nothing new. Many have tried, but most have failed. Marissa Mayer's latest effort, an app called Sunshine, also raises questions.…
SiMa.ai, a Silicon Valley-based startup that manufactures embedded ML system-on-chip (SoC) platforms, today plans to introduce a second-generation chipset built specifically for multimodal. Announced that it has raised a $70 million expansion funding round. Bringing generative AI processing to market. According to Gartner, the global AI support chip market is expected to reach $119.4 billion by 2027, more than doubling from 2023. However, only a few companies have started producing specialized semiconductors for AI applications. Most of the prominent candidates initially focused on supporting AI in the cloud. Nevertheless, various reports predict significant growth in the AI on the edge…
TechCrunch Early Stage 2024 adds an outstanding addition to its speaker roster with the addition of Paris Heymann, partner at Index Ventures. In a session titled “Scaling Through Chaos: The Art & Science of GTM,” Heyman promises to take a deep dive into the intricacies of go-to-market strategies at an event he will hold on April 25 in Boston. With deep venture capital experience and a keen eye for emerging technology, Heyman brings valuable insight to the table. As a partner at her Index Ventures, which focuses on software, data, and AI companies, Heyman is an expert at navigating the…
India has long struggled to deploy technology to persuade its citizens, but it is one of the world's hot spots when it comes to how AI is used and abused in political debates, especially democratic processes. It's a spot. The technology company that originally built the tool is visiting the country to promote the solution. Earlier this year, Andy Parsons, Adobe's senior director who oversees the cross-industry Content Authenticity Initiative (CAI) engagement, traveled to India to visit media and technology organizations in the country, and was among the I stepped into it. AI facilitates tools that can be integrated into…
AI won't be implemented in every job, but it may be in some. The job cuts, the largest in UPS's 116-year history, were partly the result of new technology, including AI, CEO Carol Tomé said on an earnings call in February. Ta. Meanwhile, IBM plans to pause hiring for jobs it believes could soon be automated by AI, CEO Arvind Krishna told Bloomberg last year. Workers are not optimistic about the future. In a recent McKinsey survey, 25% of business professionals said they expected their employers to lay off employees as a result of AI implementation. And, well, their pessimism…
Data transformation and optimization, a task that many, if not most, large enterprises undertake, is not an easy task. However, thanks to the significant growth of AI and cloud technologies, the challenges appear to be increasing. A recent Gartner poll found that less than half (44%) of data and analytics leaders say their teams are effective at delivering value to their organization, but not for a lack of effort, but rather because of resources. , answered that this was due to a lack of funding and skilled staff. Armon Petrossian and Satish Jayanthi encountered these inhibitors at their data automation…
Google is rolling out an April update to ChromeOS users with features like the ability to customize keyboard shortcuts and mouse button actions. This update also improves offline text-to-speech voice support. The ChromeOS M123 update will be rolled out to users over the next few days. Let's take a look at these new features. The main new feature is a way to assign custom keyboard shortcuts to actions. This is a feature also available on other desktop systems. However, users must manually enable this feature by enabling a configuration flag called “#enable-shortcut-customization”. The company said that in the next ChromeOS…
Paris-based startup Pigment has raised $145 million in funding just five years after it was founded. This enterprise software company provides a business planning platform that allows large companies to visualize past financial performance and predict upcoming quarters. This funding round came as a bit of a surprise, as few large-scale funding rounds have taken place in France. According to a recent study by EY, funding rounds in the French technology ecosystem fell by 38% in 2023 compared to 2022. But if you exclude hot AI startups like Mistral AI and capital-intensive infrastructure businesses that aren't really tech startups, like…
NoSQL database Aerospike today announced that it has raised $100 million in a Series E round led by Sumeru Equity Partners. Existing investor Alsop Louie Partners also participated in the round. In 2009, the company started as a key-value store focused on the adtech industry. Aerospike has since diversified its offerings considerably. Today, its core product is a NoSQL database optimized for large-scale real-time use cases. In 2022, Aerospike added support for documents and later added graph and vector capabilities. These two database capabilities are essential for building real-time AI and ML applications. Aerospike CEO Subbu Iyer said, “We were…