Open source Internet software company Nginx has secured $10 million in a Series B round of funding led by New Enterprise Associates. Existing Series A investors e.ventures, Runa Capital, and MSD Capital, also participated in the round, as well as Aaron Levie, CEO and founder of Box. The latest investment brings Nginx’s total funding to $13 million till date.
Nginx Raises $10 Million Round
Microsoft has announced a multi-year partnership with French startup Mistral AI, aiming to enhance the development and deployment of large language models (LLMs).
Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC
Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field.
Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.
Around the web
Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.