AI computing startup Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, with backing from Coatue and Blackstone. The Nvidia-backed company is planning to go public in 2027.
Source: TechCrunch
A CSIR algorithm used to model voting patterns in South African municipalities produced inaccurate projections, overestimating ANC support in Johannesburg and Cape Town while failing to generate predictions for eThekwini. The model's errors resulted in a six-point discrepancy in Democratic Alliance vote estimates. Source: ITWeb
Research shows that 63% of online learners across the Middle East, Turkey, and Africa experienced cyber incidents in the past year. The findings highlight growing security vulnerabilities in digital education platforms across these regions. Source: ITWeb
PSET has developed an AI-first platform designed to automate admissions processing, reducing administrative burden and manual paperwork for staff. The platform uses intelligent automation to handle high volumes of admissions inquiries. Source: ITWeb
Palo Alto Networks is in acquisition discussions to purchase Clutch, an AI agent security startup, for approximately $500 million. The startup was previously valued at $85 million and is backed by venture firms Lightspeed and SignalFire. Source: TechCrunch