CodeRabbit, the AI-powered code review startup, secures $60M in Series B funding at a staggering $550M valuation, fueling its rapid 20% monthly growth and $15M annual recurring revenue as it revolutionizes code quality assurance for companies worldwide.
Google opens a new UK data center and pledges £5 billion over two years to power the UK's AI economy, advance AI breakthroughs, support thousands of jobs, and partner with Shell on clean energy initiatives.
AI engineers command exorbitant hourly rates of $900 as consultants due to surging demand for their specialized skills in integrating rapidly-evolving AI technology with enterprise systems amid widespread AI adoption across industries.
C3.ai CEO Thomas M. Siebel steps down amid legal scrutiny and disappointing financial results, with the company missing revenue targets, withdrawing guidance, and its stock plunging 29% over the past year as it faces competitive pressures and allegations of misleading investors.
DeepMind uncovers a mathematical limitation in vector embeddings, showing single-vector models hit a ceiling on complex retrieval tasks requiring arbitrary subsets of documents, severely struggling on a new dataset designed to test this limitation.
Docling, an open-source library, simplifies document parsing and conversion by abstracting parsing, OCR, table reconstruction, and multimodal export behind a straightforward API and CLI, converting unstructured PDFs into structured formats like Markdown, JSON, or DataFrames, streamlining data wrangling for data scientists and ML engineers.
Consistent hashing, a groundbreaking technique, revolutionizes data distribution across servers in distributed systems, ensuring minimal disruption by moving only a small, predictable portion of keys when servers are added or removed, underpinning distributed caching systems, databases, and large-scale architectures of major tech companies.
Elon Musk's AI company xAI lays off around 500 data annotators as it pivots towards employing specialized AI tutors, conducting assessments to identify workers' strengths for future roles.
Google Cloud capitalizes on the AI surge, amassing a staggering $106 billion backlog as customers flock to its AI services, fueling billions in revenue through consumption-based pricing and subscriptions, with over 50% expected to materialize within two years.
F5 acquires CalypsoAI for $180 million, strengthening its AI security offerings with CalypsoAI's real-time threat defense and data security products for AI workloads; the cash-financed deal is expected to close this month.