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AI chip startup Axelera lands $27M in capital to commercialize its hardware

TechCrunch

Unlike conventional chips, theirs was destined for devices at the edge, particularly those running AI workloads, because Del Maffeo and the rest of the team perceived that most offline, at-the-edge computing hardware was inefficient and expensive. The edge AI hardware market is projected to grow from 920 million units in 2021 to 2.08

Hardware 240
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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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The mainframe’s future in the age of AI

CIO

If there’s any doubt that mainframes will have a place in the AI future, many organizations running the hardware are already planning for it. In some cases, that may be a better alternative than moving mission-critical data to other hardware, which may not be as secure or resilient, she adds.

Survey 200
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Gartner projects major IT spending increases for 2025

CIO

Device spending, which will be more than double the size of data center spending, will largely be driven by replacements for the laptops, mobile phones, tablets and other hardware purchased during the work-from-home, study-from-home, entertain-at-home era of 2020 and 2021, Lovelock says. Samuel agrees with Gartner’s projections, however.

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Cloud analytics migration: how to exceed expectations

CIO

A modern data and artificial intelligence (AI) platform running on scalable processors can handle diverse analytics workloads and speed data retrieval, delivering deeper insights to empower strategic decision-making. Intel’s cloud-optimized hardware accelerates AI workloads, while SAS provides scalable, AI-driven solutions.

Analytics 146
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Can serverless fix fintech’s scaling problem?

CIO

Add to this the escalating costs of maintaining legacy systems, which often act as bottlenecks for scalability. The latter option had emerged as a compelling solution, offering the promise of enhanced agility, reduced operational costs, and seamless scalability. Scalability. Time to market. Scalability.

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Dapper Labs backs art hardware startup Infinite Objects in $6 million seed raise

TechCrunch

The NFT world is all about reshaping the idea of digital ownership, but art hardware startup Infinite Objects sees a big opportunity in making physical copies of those assets as it looks to reshape digital art and collectibles. ” The NFT market is just getting started, but where is it headed?

Hardware 222