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Proxima raises $12M

Proxima, a data intelligence software company founded by Alex Song, a former Goldman Sachs employee, has announced the closing of a $12 million Series A funding round.

Proxima’s Series A round was led by Mucker Capital. The round also included participation from Aglae Ventures, Great Oaks Venture Partners, Data Point Capital, Broadway Venture Partners, FirstLook Partners, and Connexa Capital.

Founded in May 2022, Proxima aims to help consumer technology businesses scale customer acquisition, expand customer lifetime value, and optimize lifecycle marketing through its platform.

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Blaize raises $106M

El Dorado Hills, CA-based AI computing company Blaize has raised $106 million.

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.

Net neutrality is back: U.S. promises fast, safe and reliable internet for all — NPR

Consumers can look forward to faster, safer and more reliable internet connections under the promises of newly reinstated government regulations, writes Emma Bowman of NPR.

AI is ‘a new kind of digital species,’ Microsoft AI chief says — Quartz

Mustafa Suleyman, chief executive of Microsoft AI, said during a talk at TED 2024 that AI is the newest wave of creation since the start of life on Earth, and that “we are in the fastest and most consequential wave ever,” writes Britney Nguyen in Quartz.