With the money from Series E Round, the total funds raised by Graphcore total over $710 million. The company is expecting to have over $440 million of cash on hand post-closing to support future growth.
In order to remain competitive in the market, Bolt has also identified the food industry as a lucrative segment.
Goldman Sachs will serve as an advisor of the deal. Korean law firm Kim & Chang will be the legal counsel of the acquisition.
A major benefit for Cnvrg is that the platform will be able to ride on Intel’s extensive network of operations and tech client base.
Trading bots are extremely advanced Artificial Intelligence solutions that use complex IT and programming algorithms beyond the scope of human reach.
With the global demand leaning towards artificial intelligence, investors are willing to put in their capital in Nvidia stock for future returns.
While Nvidia’s Cambridge-1 is not the first supercomputer in the world, it certainly will be one of the few built with the latest technology.
Shortly after reaching its all-time high, Nasdaq steps into the AML sector as it launched AI technology to detect money laundering.
Nvidia makes a strategic move to expand its footprint in the semiconductor market with its $40 billion deal of acquiring British semiconductor giant Arm Holdings. This merger will see NVIDIA’s AI computing capabilities combine with Arm’s CPU’s to create chips for next-generation technologies like IoT, robotics, self-driving cars, etc.
With advanced technologies hitting the market, the e-wallet industry is looking forward to new, interesting trends in the future.
The latest news and reporting on Artificial Intelligence (AI), including machine learning, neural networks, robots and more.