Rescale, a cloud platform provider of simulation software and high performance computing (HPC) solutions, has secured $14 million in Series A funding. The investment was led by TransLink Capital, with participation from Microsoft Ventures, Jump Capital, Itochu Technology Ventures, Two Roads Group, and Data Collective.
Cloud HPC simulation company Rescale raises $14 million
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AI
OpenAI introduces new enterprise features
OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
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Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC
Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry
Square expands offline payments globally
Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
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U.S. bans noncompete agreements for nearly all jobs — NPR
The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu.
AI
The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership
The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.