In a move to meet the escalating demand for data centers, Digital Realty has partnered with Blackstone to establish a $7 billion joint venture. This collaborative effort aims to develop four hyperscale data center campuses, with the potential to support a total of 500MW of IT load across 10 data centers once fully constructed. With construction already underway for 46MW
In the ever-evolving world of venture capital investments, one sector has managed to shine despite the overall decline. Startups in the generative AI space have experienced remarkable success, securing notable funding and attracting big-name investors. This article delves into the funding trends in AI startups and highlights the impact of “mega-deals” on the industry. Funding Trends in AI Startups With
In the fast-paced world of artificial intelligence (AI), tech giants are constantly vying for the top spot. Google recently entered the arena with its Gemini large language model, joining the race to dominate the generative AI (GenAI) market. This move comes as no surprise, considering the urgent need for companies to demonstrate relevance in this emerging field. The Emergence of
Janover Inc., a leading AI-enabled platform for commercial real estate transactions, recently announced a groundbreaking development in its services. The company is now offering its highly efficient AI chatbot interface under a software-as-a-service (SaaS) model to a select number of commercial lenders. This move aims to transform the way lenders engage with borrowers and enhance the overall customer experience in
Robotic automation has revolutionized various industries, and now it is making its way into the world of data centers. Taking a significant step forward in this realm, APAC operator Digital Edge is conducting data center robot trials in the Philippines. These trials showcase the potential for robots to streamline operations, enhance security, and improve overall efficiency in data center management.
In today’s rapidly evolving digital landscape, banking-as-a-service (BaaS) has emerged as a game-changer, offering non-banking businesses the opportunity to provide financial services to their customers. BaaS enables businesses to leverage the infrastructure and expertise of existing banks, while also benefiting from the automation and digitization of services. This article explores the numerous advantages of BaaS for non-banking businesses, including lowered
InsurTech NY, the largest InsurTech community in North America, recently completed its fourth growth-stage InsurTech accelerator cohort. As the demand for innovative solutions in the insurance industry continues to grow, InsurTech NY plays a crucial role in supporting startups and fostering their development. Selection Process Out of a remarkable pool of over 155 applicants hailing from 20 countries around the
The most recent data highlights a significant decline in funding for Web3 startups in 2023. With only around $6 billion raised so far, compared to over $25 billion in funding the ecosystem enjoyed in 2022, the current landscape presents new challenges for entrepreneurs in the Web3 industry. However, the year began with a flourishing start, witnessing a flurry of substantial
Lassie, a trailblazing InsurTech startup, has recently made waves in the industry by successfully raising €23m in a Series B funding round led by Balderton Capital. This substantial funding round not only demonstrates Lassie’s potential but also signifies the growing interest in innovative solutions within the pet insurance sector. With a unique approach that combines insurance and wellness coaching, Lassie
The leadership controversy surrounding AI startup OpenAI illustrates the perils of AI companies as the temptation to tap into monetization-oriented funding sources grows ever stronger. While the sky-high costs of training and developing AI models make it nearly impossible to avoid becoming enmeshed with commercially-aligned venture firms and tech giants, the risks associated with such partnerships cannot be ignored. This
HSBC, one of the world’s leading banking and financial services organizations, has announced a groundbreaking partnership in the transaction banking arena. The bank has joined forces with B2B fintech Tradeshift to create a new embedded finance joint venture. This strategic alliance aims to revolutionize the way businesses access financing and integrate transaction banking solutions into fast-growing e-commerce and marketplace venues.
The demand for AI skills has seen a remarkable surge in recent times, with job postings referencing generative AI skills witnessing a staggering rise of 2,000% since March. Startups and scale-ups are not exempt from this trend, as integrating AI becomes increasingly crucial to their success, especially when it comes to fundraising in this AI-driven era. The Role of Fractional
