Catch

with competitors “Meta Unveils Cutting-Edge AI Chip in an Effort to Surge Ahead of Competitors”

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Meta, hell-bent on catching up to rivals in the generative AI space, is spending billions on its own AI efforts. But an even larger chunk is being spent developing hardware, specifically chips to run and train Meta’s AI models. Meta unveiled the newest fruit of its chip dev efforts today, conspicuously a day after Intel announced its latest AI accelerator hardware. Google this week made its fifth-generation custom chip for training AI models, TPU v5p, generally available to Google Cloud customers, and revealed its first dedicated chip for running models, Axion. Amazon has several custom AI chip families under its belt.

Catch Change Healthcare Hackers: US Grants $10M in Assistance

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The State Department blamed the prolific ransomware group for targeting U.S. critical infrastructure, including healthcare services. Last month, an affiliate group of the ALPHV/BlackCat gang took credit for a cyberattack and weeks-long outage at U.S. health tech giant Change Healthcare, which processes around one-in-three U.S. patient medical records. The affiliate group went public after accusing the main ALPHV/BlackCat gang of swindling the contract hackers out of $22 million in ransom that Change Healthcare allegedly paid to prevent the mass leak of patient records. Change Healthcare has said since that it ejected the hackers from its network and restored much of its systems. U.S. health insurance giant UnitedHealth Group, the parent company of Change Healthcare, has not yet confirmed if any patient data was stolen.

Possible rewrite: Indian Captain Fresh looks to secure $50 million in fresh funding as discussions ensue

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Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. Captain Fresh declined to comment. The startup specifically focuses on seafood, helping fishermen and farmers sell their catch and livestock to businesses. Captain Fresh has raised over $100 million prior to the new funding and was valued at $500 million in the previous round, whose first tranche it closed in March 2022. It has since extended that round to raise another $15 million or so.