Circular will pay competitor Oura royalties to sell its smart ring in the US

Smart ring makers Oura and Circular Tuesday announced a settlement in an ongoing patent suit. The agreed-upon terms find the French company entering into a multi-year agreement with Oura, wherein it will license the market leader’s intellectual property for devices sold in the U.S. Financial details of the agreement have been kept confidential. Oura has […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Etched is building an AI chip that only runs one type of model

As generative AI touches a growing number of industries, the companies producing chips to run the models are benefitting enormously. Nvidia in particular, which commands an estimated 70% to 95% of the market for AI chips, wields massive influence. Cloud providers from Meta to Microsoft are spending billions of dollars on Nvidia GPUs, wary of […]

© 2024 TechCrunch. All rights reserved. For personal use only.

C12, the French quantum computing startup founded by two twin brothers, raises $19.4 million

C12 is announcing that it recently raised an €18 million funding round ($19.4 million at today’s exchange rate). Originally founded in 2020 as a spin-off from the Physics Laboratory of the École Normale Supérieure, the company has been working on a unique process to create quantum computers based on carbon nanotubes. While the concept of […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Friends & Family Capital, a fund founded by ex-Palantir CFO and son of IVP’s founder, unveils third $118M fund

Small VC firms require deep trust, mutual support, and long-term commitment among the partners —a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO and former research VP at Peter Thiel’s Clarium Capital) and John Fogelsong (the son of IVP co-founder Norm Fogelsong) didn’t need to cultivate a family-like relationship before […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Flow claims it can 100x any CPU’s power with its companion chip and some elbow grease

A Finnish startup called Flow Computing is making one of the wildest claims ever heard in silicon engineering: by adding its proprietary companion chip, any CPU can instantly double its performance, increasing to as much as 100x with software tweaks. If it works, it could help the industry keep up with the insatiable compute demand […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Raspberry Pi is now a public company

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate.

© 2024 TechCrunch. All rights reserved. For personal use only.