Search results for Greenoaks Capital
AI & Enterprise
Bezos also bets as CuspAI teams up with Nvidia to find new materials for AI chips
British AI startup CuspAI has raised $450 million and will work with Nvidia to discover new materials for next-generation semiconductors. CNBC reported the funding values CuspAI at $2.6 billion, with investors including Jeff Bezos’ Bezos Expeditions, Kleiner Perkins and others. CuspAI launched an AI Materials Foundry to link data, labs and computing resources. Nvidia will provide accelerated computing infrastructure, and Meta’s fundamental AI research group will also participate.
Crypto
Crypto unicorns see market value plunge after listing, some down as much as 99%
Major crypto projects valued at more than $1 billion in private investment rounds have seen their market capitalisation plunge after listing, with some down more than 99 percent, an analysis showed. Data cited by BeInCrypto showed 10 projects now have market caps of $7 million to $294 million, down 88 percent to more than 99 percent from their last venture valuations. Scroll recorded the biggest fall, while Starknet saw the largest loss by value.
AI & Enterprise
Sierra CEO says click-based software to be replaced by natural-language AI agents
Sierra co-founder and CEO Bret Taylor (브렛 테일러) expects the way companies interact with software will change fundamentally, TechCrunch reported. Sierra has launched Ghostwriter, a tool that builds and deploys specialized AI agents from users’ natural-language descriptions, aiming to replace click-based web applications. Taylor said natural language will complete tasks instead of learning complex systems. He said Sierra built a Nordstrom agent in 4 weeks.
