AI Startup Eyes $2.5B Valuation Amidst Tech Shakeups
NEW YORK - February 8, 2024 - AI inference infrastructure startup Modal Labs is in early talks with venture capitalists for a new funding round that could value the company at $2.5 billion, according to multiple sources. This potential valuation, more than doubling its worth from just months ago, reflects a surge of investor interest in the AI inference space.
The news comes amidst a flurry of tech developments, including advancements in wearable technology, productivity tools, and robotics. Amazon is enhancing the Kindle Scribe with "Send to Alexa Plus," enabling users to leverage AI for document summarization and task creation directly from their notes, as reported by The Verge. This feature, rolling out February 12th, will integrate with Amazon's Alexa Plus assistant.
Meanwhile, Apple's iOS 26.3 update simplifies data transfer to Android devices with a new "Transfer to Android" feature and enhances interoperability in the EU by enabling full notification forwarding to third-party wearables, according to Wired. The update also highlights the ongoing importance of battery life and the convenience of portable chargers.
In the realm of robotics, Weave Robotics has launched Isaac 0, a $7,999 laundry-folding robot designed for Bay Area residents, as reported by The Verge. While Isaac 0 can fold some laundry items in 30-90 minutes, it's not fully autonomous and requires human teleoperator assistance, highlighting the ongoing challenges in developing household robots.
In other tech news, researchers have developed a wearable vibration sensor made from an array of densely packed electrical components called capacitors, which generate electrical signals in response to vibration, according to Nature News. The device is designed to capture physiological signals from breathing, speaking, and other bodily motions.
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