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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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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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9 IT skills where expertise pays the most

CIO

Cloud computing Average salary: $124,796 Expertise premium: $15,051 (11%) Cloud computing has been a top priority for businesses in recent years, with organizations moving storage and other IT operations to cloud data storage platforms such as AWS.

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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

Two at the forefront are David Friend and Jeff Flowers, who co-founded Wasabi, a cloud startup offering services competitive with Amazon’s Simple Storage Service (S3). Wasabi, which doesn’t charge fees for egress or API requests, claims its storage fees work out to one-fifth of the cost of Amazon S3’s.

Storage 224
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Navigating the future of national tech independence with sovereign AI

CIO

Core challenges for sovereign AI Resource constraints Developing and maintaining sovereign AI systems requires significant investments in infrastructure, including hardware (e.g., high-performance computing GPU), data centers, and energy.

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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. ” A DPU is a dedicated piece of hardware designed to handle certain data processing tasks, including security and network routing for data traffic. .”

Azure 282
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UV: The Engineering Secrets Behind Python’s Speed King

Xebia

Understanding Traditional Python Package Managers Python package managers like pip perform three core functions: 1. – They perform redundant I/O operations during installation. – They rely on sequential processing despite modern multi-core hardware. – They perform redundant I/O operations during installation.