Early investors in Galaxy Corporation Co., the South Korean entertainment-tech company that represents K-pop star G-Dragon, are seeking buyers for a combined stake of about 10% at an implied valuation of roughly 700 billion won ($472.5 million), according to people close to the matter.
Berlin-based frontier AI lab Prior Labs today announced that the multinational software company SAP has completed its acquisition of the company, supported by more than €1 billion in investment from SAP in order to fund infrastructure, hiring, and long-term frontier research. Prior Labs will continue under its own brand, leadership, research agenda and customer relationships,…
Matmos are an incredibly accomplished duo between their own solo records like the masterpiece A Chance to Cut Is a Chance to Cure and production classic Bjork records like Vespertine. But Drew Daniel, one half of Matmos, is fiendishly prolific. When he’s not literally dreaming up new viral music genres, he’s also putting out records…
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Ryan Beiermeister has joined Founders Fund as a partner, she announced on Monday. Beiermeister is well-known in Silicon Valley for a number of reasons. For one, prior to this role, she spent about two years as VP of Product Policy at OpenAI as it became a household name, shortly after ChatGPT became the fastest-growing app…
The company said its Private Cloud Compute runs on custom server hardware built on Apple silicon to support large language model inference.
Ollama, the developer platform for open AI models, announced that it has raised $65 million in Series B funding led by Theory Ventures, with participation from Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, and other investors and angel backers. The latest financing brings the company’s total funding to $88 million. Benchmark previously led…