Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous versions of Llama, the newest model continues to be open source, which means it can be […]

Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, according to a person familiar with the matter who said a deal is expected to close “soon.” Wiz was founded in 2020, and has grown at a rapid clip under CEO Assaf Rappaport. It had been eyeing an IPO as recently as May, when the […]

The U.K. is the No. 1 country in Europe for tech by many accounts. In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking. It’s the No. 1 location in Europe for funding — with France coming in second, raising $9.2 billion last […]

AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the sector has reached a “bottom.” Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry’s heyday in 2020 and 2021. Long gone […]

LONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Brits are set to head to the polls on July 4. The business community has been calling on the two main political parties to push for economic […]

Tech investments in Europe are reportedly in bloom after a long fallow period. This turnaround is the subject of a report Monday (June 3) by the Financial Times (FT), which noted that deal making has picked-up at early stage companies, with venture capital (VC) groups raising new funds after a two-year drought. For example, private tech […]

European Union member states on Tuesday agreed the world’s first major law for regulating artificial intelligence, as institutions around the world race to introduce curbs for the technology. The EU Council said that it reached final approval for the AI Act — a ground-breaking piece of regulation that aims to introduce the first comprehensive set […]

SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended in March, the first time the flagship tech investment arm has been in the black since 2021. For the full fiscal year, SoftBank’s Vision Fund segment posted a profit of 128.2 billion yen, compared with a 4.3 […]

Researchers at MIT CSAIL and Project CETI believe that they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning technologies. Results from the study, which were published under the title, “Contextual and Combinatorial Structure in Sperm Whale Vocalizations,” point to key breakthroughs in our understanding of cetacean communication. The study deals with […]

Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” on Monday, Stewart said 10 to 15 more tech companies could go public before the end of 2024, with an even “better year” in store for 2025. […]