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CIOs’ lack of success metrics dooms many AI projects

CIO

Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. The potential cost can be huge, with some POCs costing millions of dollars, Saroff says.

Metrics 187
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FPGA startup Rapid Silicon lands $15M to bring its first chip to market

TechCrunch

Field-programmable gate arrays (FPGA) , or integrated circuits sold off-the-shelf, are a hot topic in tech. The global FPGA market size could reach $14 billion by 2028, according to one estimate, up from $6 billion in 2021. ” Rapid Silicon is developing two products at present: Raptor and Gemini. .

Marketing 215
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Quantum Machines acquires QDevil to build out its full-stack quantum orchestration platform

TechCrunch

Quantum Machines , the well-funded Israeli startup that specializes in building control systems for quantum computers, today announced that it has acquired QDevil , a well-known Danish company that specializes in building control hardware for quantum systems. Image Credits: Quantum Machines. “It’s really all of that.

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Deep tech startups in need of funding should consider federal grants

TechCrunch

who aim to power next-generation technology without the need for expensive hardware that takes billions of dollars to develop and years to deploy. The administrators also aren’t interested in driving strategy — they believe in your vision and want to help you bring it to fruition. We’re a group of Ph.D.s economic impact.

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AI chip startup Mythic rises from the ashes with $13M, new CEO

TechCrunch

“While economic conditions are challenging right now, this new funding will help Mythic focus on its technology offering, go-to-market strategy and customer acquisition,” Dave Fick, Mythic’s newly appointed CEO, told TechCrunch in an email interview. Mythic initially worked on projects for the U.S. So what went wrong?

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Singapore’s Neuron is taking the slow and steady approach to micromobility

TechCrunch

While Neuron doesn’t quite have the scale of competitors like Lime, Bird and Tier, Wang said Neuron’s expansion strategy is not based on putting scooters on the ground everywhere. Neuron has also touted its commitment to designing and manufacturing its own scooters, rather than purchasing them off the shelf.

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Unified commerce elevates customer experience for Hippo Stores

CIO

Ranjit Satyanath, CTO, Hippo Stores istock The one-stop-shop for construction materials, including steel, cement, bricks, hardware, paint, tiles, electricals, and sanitaryware, caters to both professional construction companies and individual consumers. For brick-and-mortar stores, legacy technologies often make migrating online difficult.