Hot Takes Tuesday for 2024-06-25
AI dominates tech funding and M&A moves, shaping a future of bioengineered indicators and internal data mastery.
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Hot Takes Tuesday for 2024-06-25
Off the cuff analysis in a rapid fire format.
A few things that caught my attention today in big funding and M&A moves in tech yesterday… and the trend was A.I. related.
AI dominates tech funding and M&A moves, shaping a future of bioengineered indicators and internal data mastery.
Funds, Funding, and M&A
Techmeme: Bright Machines, which automates manufacturing with AI, ML, and robotics, raised a $126M Series C from Nvidia, Microsoft, and others, including $20M in debt (Max A. Cherney/Reuters)
By Max A. Cherney / Reuters. View the full context on Techmeme.
🏭 + 🤖 This is exactly the kind of funding that is going to accelerate a cheap as chips outcome.
Techmeme: Etched, which is building Sohu, an inferencing chip that only runs transformer AI models, raised a $120M Series A, bringing its total funding to $125.36M (Kyle Wiggers/TechCrunch)
By Kyle Wiggers / TechCrunch. View the full context on Techmeme.
🍪 + 🤖 We are only in the very earliest of stages for what will be incredible levels of specialization in custom silicon.
Techmeme: EvolutionaryScale releases AI models called ESM3 to help engineer novel proteins and raised a $142M seed led by Nat Friedman, Daniel Gross, and Lux Capital (Reuters)
From Reuters. View the full context on Techmeme.
🧬 + 🤖 Imagine a world where everything around us has bioengineered indicators based upon novel GFP (Green Fluorescent Protein) designs of A.I. origins.
Techmeme: Belgium-based TechWolf, which provides AI-powered internal talent management software, has raised a $42.75M Series B led by Felix Capital at a $150M valuation (Ingrid Lunden/TechCrunch)
By Ingrid Lunden / TechCrunch. View the full context on Techmeme.
🗄️ + 🤖 Under the guise of the recruiting game shifting from external focus to internal data mastery is probably going to become increasingly popular as a less than subtle form of persistent employee monitoring.
Techmeme: Emergence, which is building “agent-based” systems that orchestrate tasks by routing them to first- and third-party AI systems, emerges from stealth with $97.2M (Kyle Wiggers/TechCrunch)
By Kyle Wiggers / TechCrunch. View the full context on Techmeme.
🧑💼 + 🤖 In related news, by 2030, agentic A.I. will be similar to the fancy digital calculators and ergonomic staplers that were once indispensable parts of the modern office in the 1990s.
Techmeme: Klarity, which uses AI to let companies automate reviews of invoices and other documents, raised a $70M Series B led by Nat Friedman and Daniel Gross (Kalley Huang/The Information)
By Kalley Huang / The Information. View the full context on Techmeme.
💸 + 🤖 Literal non-page turner document analysis is perfectly suited for A.I. and is precisely the kind of utility that makes massive impacts in time savings for creative time that could be spent elsewhere in the business.
Note: Some images via Unsplash
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