Intel CEO Tan Bingwen leads Hyperbolic’s $30 million funding round, bringing the company’s total raised to $50 million.
1 hours ago
Intel CEO Pat Gelsinger led the $30 million Series A-1 funding round for AI computing power and software startup Hyperbolic through Walden Catalyst, the venture capital firm he co-founded with former Samsung president Inho Kim. Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital joined as co-investors, bringing the startup’s total raised to approximately $50 million. Hyperbolic enables enterprises to locate and uniformly schedule computing power across hundreds of emerging AI clouds, currently integrating around 30 suppliers with an annualized computing power capacity of roughly $200 million. Founder and CEO Jasper Zhang stated the company is nearly breaking even, targeting $150 million in annual recurring revenue this year, and will use the round’s proceeds to expand its cross-cloud AI chip management tools.
trade.xyz launches Indian stock RELIANCE contracts, supporting up to 10x leverage.
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South Korea’s KOSPI index closed higher, with SK Hynix rising nearly 11% and Samsung gaining around 9%.
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Three whales deposit 6,168 $BTC ($498.5M) into Coinbase Prime
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Three whale addresses deposited 6,168 BTC to Coinbase 6 hours ago.
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Predict.fun has launched its native token PREDICT, with a total supply of 1 billion tokens, and 16% of the token unlocked at TGE.
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Two dormant PEPE whales transferred 2.27 trillion PEPE tokens today, valued at $10.19 million.
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