Intel has announced a monumental partnership with the Israeli government, securing a $3.2 billion grant to build a new $25 billion chip plant in southern Israel. Amidst regional tensions and global semiconductor competition, the investment comes as a strong endorsement of Israel’s tech ecosystem and a push for more sustainable, high-quality jobs in the region. The new plant, set to open in 2028, is part of Intel’s extensive global expansion under CEO Pat Gelsinger, including significant investments in Europe and the United States. With this new facility, Intel aims to enhance its chip-making d ..read more

The secretive artificial intelligence startup xAI, has adopted an innovative corporate structure as a for-profit benefit corporation, allowing it to prioritize societal and environmental impact alongside, or even over, shareholder returns. This Nevada-based incorporation is part of a wider trend in the AI industry, where companies like Anthropic have also chosen structures that facilitate a focus on long-term human benefit. xAI’s stated purpose is to generate a “material positive impact on society and the environment,” marking a shift in corporate focus towards broader stakeholder interests in ..read more

The upward revision in projections underscores the startup’s exceptional growth expectations, reflecting the burgeoning interest in generative artificial intelligence among enterprises. The projected annualized revenue suggests the startup will generate at least $70 million per month by the end of next year, an eightfold increase from its current monthly revenue. Anthropic, known for its AI product Claude, generates revenue primarily through sales of its text-generating and analyzing AI. As part of its growth strategy, Anthropic is in the midst of raising around $750 million from investors, in ..read more

This investment marks a turning point for OnlyPay, which seeks to solve a chronic problem for companies related to the payment of incentives and bonuses, involving departments such as marketing, finance and human resources. OnlyPay’s founder, Ana Borges, will focus on recruiting talent and developing innovative technologies and products, with Gard2n’s active support in managing and optimizing the operation. The vision is to expand into new markets in Latin America and the United States from 2024, capitalizing on the opportunity to be one of the few players to offer a complete solution in the c ..read more

The upward revision in projections underscores the startup’s exceptional growth expectations, reflecting the burgeoning interest in generative artificial intelligence among enterprises. The projected annualized revenue suggests the startup will generate at least $70 million per month by the end of next year, an eightfold increase from its current monthly revenue. Anthropic, known for its AI product Claude, generates revenue primarily through sales of its text-generating and analyzing AI. As part of its growth strategy, Anthropic is in the midst of raising around $750 million from investors, in ..read more

Briq.mx, a real estate crowdfunding platform, has received its final authorization to operate as an Institución de Fondeo Colectivo (IFC) under the Law to Regulate Financial Technology Institutions, also known as the Fintech Law, after a process of more than four years. Officially published in the Official Journal of the Federation, the authorization granted by the National Banking and Securities Commission (CNBV) makes Briq.mx one of the 23 crowdfunding platforms authorized in Mexico, joining others in the real estate segment such as 100 Ladrillos and Arces. According to Alberto Padilla, co-f ..read more

Flipflow, a startup specializing in market analytics for businesses, has closed a €900,000 investment round led by Angels, the investment arm of Juan Roig, with contributions from All Iron, Abac, and Lanai Partners. Their tool integrates data collection with an advanced business intelligence platform, heavily utilizing artificial intelligence. Despite being relatively young, Flipflow has demonstrated significant growth, expanding its presence to five countries and monitoring over 50 markets. The company processes hundreds of millions of data points daily, serving big brands across various sect ..read more

It’s a notable shift in the venture capital landscape when firms known for seeding early-stage startups begin pouring money into mature AI companies like OpenAI and Anthropic at unprecedented valuations. Menlo Ventures, a firm typically involved in early-stage investments, is leading a substantial round into Anthropic, currently valued at over $15 billion. This valuation is a staggering 75 times its annualized revenue, dwarfing the valuation multiples of many public companies and even surpassing investments in OpenAI. Historically, Menlo’s investments, like the one in Uber, promised multi-bill ..read more

This strategic shift is in response to the company’s growing reliance on machine learning techniques to augment ad sales across its search engine, YouTube, and other services. These AI tools have been instrumental in driving tens of billions of dollars in annual revenue for Google, with a high-profit margin due to the minimal employee oversight they require. At a departmentwide meeting, Sean Downey, a key executive overseeing ad sales, revealed the restructuring plans. While specifics, including the scope of layoffs, were not disclosed, employees are bracing for possible changes expected to be ..read more

From Minsait Payments’ perspective, Totalnet’s value proposition aligns perfectly with its own, focusing on the comprehensive management of payment methods. Furthermore, the acquisition is expected to bolster Minsait Payments’ offerings in the acquiring business line, enhancing its ability to process card payments for various businesses and commercial ventures. Luis Abril, Executive Director of Indra and General Director of Minsait, remarked that this acquisition not only strengthens Minsait Payments’ position in the Latin American payments industry but also signifies a commitment to a consist ..read more