Vast Data Raises $118 Million to Expand AI Workload Data Storage Platform

New York-based startup Vast Data announced the completion of a $118 million Series E funding round, led by Fidelity Ventures. The company is now valued at $9.1 billion, with a total funding amount reaching $381 million. Vast Data specializes in providing unstructured data storage solutions for artificial intelligence and machine learning workloads. The funding will support the company's business expansion, with a focus on the Asia-Pacific, Middle East, and European markets. The founding team stated that the company's annual recurring revenue has reached $200 million, growing at a rate of 3.3 times per year, with positive cash flow maintained. Notable clients of Vast Data include brands such as Pixar and Zoom.

Artificial Intelligence Music Tops Global Charts, Challenging the Traditional Music Industry

This week, three AI-created songs performed impressively on music charts. "Walk My Walk" and "Livin' on Borrowed Time" by Breaking Rust ranked highly on the US Spotify Viral 50 chart, and their works also occupied positions in the top five of global charts. Meanwhile, the Dutch anti-immigration song "We Say No, No, No to an Asylum Center" topped the Spotify global chart. These AI works have shown significant impact in

How Philips is Promoting AI Literacy Among 70,000 Employees

Philips is promoting AI literacy as a company-wide capability to drive medical innovation. Its products have long applied professional AI technologies, and it now plans to equip all employees with AI skills, no longer limited to specialized teams. The company is implementing a series of measures to enhance the AI application capabilities of all staff.

From Digital Immortality to Personal AI Economy! Uare.ai Secures $10.3 Million in Funding to Give Everyone a Customized Intelligent Avatar

AI startup Uare.ai secures $10.3 million in seed funding, transitioning from digital inheritance services to a personalized AI platform. Its goal is to enable users to train AI agents that represent their knowledge, values, and personality, redefining the relationship between humans and technology, empowering the living rather than commemorating the deceased.

Start-up Majestic Labs Secures $1 Billion in Funding, Focused on Efficient AI Servers

Majestic Labs, founded by three former Google and Meta engineers, has secured $1 billion in funding, focusing on developing high-capacity AI servers to reduce data center costs. Its patented silicon architecture can increase server memory capacity by 1000 times, with a single system capable of replacing up to ten traditional server racks.

India's Emerging Wealth Management Program Seeks New Graduates, AI Drives Industry Transformation

The Indian wealth management market is booming, but faces a shortage of private bankers. Emerging company Dezerv is recruiting new graduates and training them to become wealth advisors who can use AI technology to address the talent gap. This initiative highlights the potential of AI in traditional industries and the demand for highly qualified talent in the market.