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AI & Enterprise
Google open-sources TorchTPU to help move PyTorch apps to TPUs
Google has released an open-source project called TorchTPU designed to help developers move PyTorch-based AI applications to its TPU chips and Google Cloud. The tool aims to run existing PyTorch apps on TPUs without rewriting code, requiring only simple configuration changes. TechCrunch also noted Amazon has launched TorchNeuron for moving PyTorch apps to its Trainium chips and AWS, while submitting code to decouple features from Nvidia chips.
Crypto
AI infrastructure investment to grow; expectations rise for AI coins on Nvidia tailwind
Nvidia’s market value surpassing $5 trillion is directly affecting the cryptocurrency market as expectations grow for AI-linked tokens. Traders are watching Nvidia’s performance and AI equipment investment trends as key variables for tokens such as Bittensor (TAO), Render (RNDR) and Fetch.ai (FET). Nvidia shares recently traded around $222 to $230 and hit a record close of $236.74 on May 14. Big tech firms are expected to invest $660 billion in AI infrastructure in 2026.
AI & Enterprise
AI inference infrastructure startups surge as unicorns spread
AI inference infrastructure startup Modal Labs is in talks to raise new funding at a $2.5 billion valuation, TechCrunch reported. If the round is completed, its valuation would more than double from $1.1 billion five months ago. General Catalyst is expected to lead the investment. Modal Labs is focused on improving the efficiency of running trained AI models to respond to user requests. Rivals have also raised large rounds at multibillion-dollar valuations.