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AI & Enterprise

AI cloud startup Render raises $100 million at $1.5 billion valuation

Cloud startup Render has raised $100 million in funding at a valuation of $1.5 billion, CNBC reported on Feb. 17. Founded in San Francisco in 2018, Render provides AI-based cloud infrastructure to software developers. More than 4.5 million developers use its tools, and revenue growth is above 100 percent, CNBC reported. Render plans to spend the funds on hiring technical staff and expanding features, while testing the use of its own servers to cut costs and lower prices.

AI & Enterprise

Meta signs multibillion-dollar AI chip deal with Nvidia, to deploy its CPUs at scale

Meta has signed a new multibillion-dollar chip supply contract with Nvidia, CNBC reported on Monday. The deal covers Nvidia’s next-generation GPUs and the standalone Grace CPU. Meta plans to invest $135 billion in AI in 2026, with the contract expected to account for a large share. Meta also plans to introduce the next-generation Vera CPU by 2027 and is considering chips from AMD and Google while developing its own silicon.

AI & Enterprise

Palo Alto Networks shares fall 6 percent after Q3 earnings guidance disappoints investors

Palo Alto Networks shares fell 6 percent after its fiscal second-quarter results, despite posting earnings above expectations. Investors were disappointed after the company issued third-quarter earnings guidance of 78 to 80 cents per share, below the market estimate of 92 cents. Second-quarter revenue rose 15 percent to $2.6 billion and net profit increased to $432 million. The company also announced the acquisition of Israeli cybersecurity startup Koito.