financetom
Business
financetom
/
Business
/
Nvidia Joins Startup Sakana AI's $100 Million Series A Funding Round
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia Joins Startup Sakana AI's $100 Million Series A Funding Round
Sep 6, 2024 12:09 PM

07:17 AM EDT, 09/04/2024 (MT Newswires) -- Nvidia ( NVDA ) participated in the series A funding round for Sakana AI that raised over $100 million, the Tokyo-based artificial intelligence startup said Wednesday.

Investors were led by New Enterprise Associates, Khosla Ventures and Lux Capital, "with participation from Nvidia ( NVDA )," according to Sakana.

In addition, Sakana said it entered into a new collaboration with Nvidia ( NVDA ) on research, data centers, and AI community development in Japan.

Sakana said leveraging Nvidia's ( NVDA ) GPU technologies will help in its pursuits toward scaling evolutionary optimization methods or utilizing sparsity.

Price: 105.74, Change: -2.26, Percent Change: -2.09

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Southwest Airlines Announces Board Shakeup, Executive Chairman Retirement
Southwest Airlines Announces Board Shakeup, Executive Chairman Retirement
Sep 10, 2024
11:20 AM EDT, 09/10/2024 (MT Newswires) -- Southwest Airlines ( LUV ) announced a board shakeup on Tuesday that includes the retirement of Executive Chairman Gary Kelly and its intention to appoint four new independent directors, including nominations from activist shareholder Elliott Investment Management. Kelly will voluntarily retire from the board immediately after the carrier's 2025 annual meeting. Our board...
BRIEF-Diamondback Energy Closes Merger With Endeavor Energy Resources
BRIEF-Diamondback Energy Closes Merger With Endeavor Energy Resources
Sep 10, 2024
Sept 10 (Reuters) - Diamondback Energy Inc ( FANG ): * DIAMONDBACK ENERGY, INC. ( FANG ) CLOSES MERGER WITH ENDEAVOR ENERGY RESOURCES, L.P. Source text for Eikon: Further company coverage: ...
FTC tells Seven & i it intends to probe potential Couche-Tard deal, source says
FTC tells Seven & i it intends to probe potential Couche-Tard deal, source says
Sep 10, 2024
NEW YORK, Sept 10 (Reuters) - The U.S. Federal Trade Commission has notified Seven & i ( SVNDF ) of its intention to investigate a potential takeover of the convenience store chain by Canada's Alimentation Couche-Tard ( ANCTF ) over antitrust concerns, a source familiar with the matter said. Couche-Tard proposed to buy Seven & i ( SVNDF ) for...
Metaplanet Acquires 38.6 Bitcoin for $2.2M, Expanding Total Holdings To 398.8 BTC
Metaplanet Acquires 38.6 Bitcoin for $2.2M, Expanding Total Holdings To 398.8 BTC
Sep 10, 2024
Japanese company Metaplanet has announced the purchase of 38.6 Bitcoin (CRYPTO: BTC) for 300 million yen (around $2.2 million), boosting its total Bitcoin holdings to 398.8 BTC. What Happened: This acquisition follows Metaplanet’s August announcement that it would raise 10.08 billion yen to further increase its Bitcoin reserves, solidifying the company’s strategy of allocating funds to the leading cryptocurrency. Since...
Copyright 2023-2026 - www.financetom.com All Rights Reserved