As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to […]

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

Amazon hires founders away from AI startup Adept

Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon and the startup’s co-founders and portions of its team have joined the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept […]

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

Orby is building AI agents for the enterprise

Orby AI, is building a generative AI platform that attempts to automate a range of different business workflows, including workflows that involve data entry, documents processing and forms validation.

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

Stability AI lands a lifeline from Sean Parker, Greycroft

Stability AI, the beleaguered generative AI startup behind Stable Diffusion, has raised new cash. But it won’t reveal how much. Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O’Shaughnessy Ventures and angel investors Prem Akkaraju, ex-Google CEO Eric Schmidt, Robert Nelsen and Napster founder and ex-Facebook exec Sean Parker have injected fresh capital into Stability, […]

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