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Nvidia Acquires Seattle AI Startup OctoAI to Enhance AI Model Efficiency

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Chip giant Nvidia has acquired Seattle-based startup OctoAI, which specializes in developing tools to optimize the building and deployment of generative AI models. This acquisition is the latest in a series of AI-related deals for Nvidia, a dominant player in the chip industry, benefiting from the surge in AI demand due to its widely used GPUs.

OctoAI, which recently updated its homepage with the message “OctoAI is now NVIDIA,” informed customers via email that it will cease commercial operations by October 31. According to reports, Nvidia was initially in talks to acquire OctoAI for around $165 million, but a source indicated that the deal could reach over $250 million, including incentives for retaining key personnel.

Founded in 2019 as a spinout from the University of Washington, OctoAI raised more than $132 million in funding and was valued at approximately $900 million in 2021. The company was previously known as OctoML but rebranded earlier this year to reflect its evolving product offerings. OctoAI’s platform, which includes the recently launched OctoStack, serves as a comprehensive tech stack for running generative AI models across different hardware configurations.

OctoAI’s co-founder and CEO Luis Ceze announced on LinkedIn that he will be joining Nvidia, expressing excitement about contributing to Nvidia’s efforts in machine learning compilers and AI cloud infrastructure. The future of OctoAI’s over 100 employees remains uncertain, with some team members already referring to themselves as “free agents” on LinkedIn.

Nvidia, which has made multiple AI-related acquisitions in 2023, structured this deal as a traditional M&A transaction. OctoAI had significant backing from investors including Tiger Global Management, Madrona Venture Group, and Amplify Partners. The startup’s customers and partners include major tech players like AWS, Google, and Nvidia itself, with which OctoAI had collaborated earlier this year.

Matt McIlwain, managing director at Madrona, praised the acquisition, calling Nvidia the “perfect partner for OctoAI” and highlighting the strategic alignment between the two companies. He noted that OctoAI had reached “significant single-digit millions” in annual revenue prior to the acquisition.

Luis Ceze, a well-known figure in the AI community and professor at the University of Washington, co-founded OctoAI with a team that included researchers behind the Apache TVM deep learning compiler stack, a notable project from the university’s computer science department.

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Swiss International University Announces International Presence in Zurich, Dubai, Riga, and Bishkek

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State-accredited Swiss International University leads global education with innovative 100% blended learning programs.

Swiss International University is making history as the world’s first state-accredited university to deliver 100% blended education. With campuses in Zurich, Dubai, Riga, and Bishkek, SIU is reshaping higher and vocational education, making it smarter, more accessible, and highly flexible. This innovative approach is ideal for modern students seeking quality education while balancing their personal and professional lives.

This blended education offering at SIU makes it possible for the student to learn on campus and online while continuing their higher education without sacrificing other commitments. The university has opened doors to those who had previously been denied access to good quality education or needed a more personalized and adaptable solution. Using advanced technologies like AI tools, virtual labs, and interactive platforms, SIU constructs practical and engaging learning environments, making students proficient in the competitive job markets of today.

SIU’s campuses in Zurich, Dubai, Riga, and Bishkek are a model of international standards, meeting both global and local needs. The students will be exposed to different cultures and will have the opportunity to engage with peers from various backgrounds and prepare for global careers. The institution ensures that its programs reflect the latest advancements in business, technology, and health, offering students the flexibility to choose courses that align with their personal goals and professional aspirations.

State accreditation of the university enhances its reputation, which also attracts the attention of employers, international organizations, and educational institutions. It not only proves the value of SIU’s degrees and certificates but also certifies the quality of education. It establishes itself as a leader in contemporary education through the hybrid model of traditional learning and modern methodologies, paving the way for an adaptable and efficient model for the future of learning.

SIU’s vision champions innovation, inclusivity, and global connectivity through education, thus setting it apart from previous standards. Here, flexibility cuts across cutting-edge technology and powerful international presence that fosters the culture of lifelong learning for students and continues developing their skill and knowledge in the post-graduation era as well.

By focusing on accessibility, SIU creates a more diverse and inclusive academic environment. The students are challenged to follow their passions while experiencing unmatched support from the faculty and peers. In this way, it redefines modern education in terms of changing to meet the needs of the world.

SIU also stresses experiential learning, giving students real-world exposure through internships, collaborative projects, and hands-on activities. This approach not only prepares graduates for immediate employment but also ensures they possess the critical thinking and problem-solving skills required in today’s dynamic industries. The university’s commitment to quality and flexibility enables students to achieve their goals without limits.

SIU embraces cultural diversity, creating a vibrant learning community where ideas are exchanged, perspectives are broadened, and innovation flourishes. Students graduate with not just a degree but a global outlook, ready to contribute meaningfully to an interconnected world.

For more information, visit their website.

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Microsoft’s Venture Head Chris Young Resigns

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Microsoft’s Venture Head Chris Young Resigns

Chris Young, the head of business development and leader of Microsoft’s venture unit, has stepped down from his role, the company announced on Wednesday.

As the leader of Microsoft’s M12 venture fund and a named officer, Young played a pivotal role in the company. Named officers, including CFO Amy Hood, Vice Chair and Chief Legal Officer Brad Smith, Sales Head Judson Althoff, and CEO Satya Nadella, have their responsibilities, compensation, and departures disclosed publicly by the company.

Microsoft revealed Young’s resignation in an SEC filing, which also noted his contributions to the company. These included advancing M12’s engagements in areas such as AI and data infrastructure, collaborating with company leaders on emerging technologies, securing a strategic partnership, and driving progress on sustainability goals. Additionally, Young was recognized for championing diversity and inclusion within the business development organization and across the broader company.

Before joining Microsoft in 2020, Young served as the CEO of McAfee. He took over the M12 leadership from Peggy Johnson, who founded the venture fund. Originally established to monitor emerging Silicon Valley technologies and startups, M12 evolved under Young’s leadership to function more as an extension of Microsoft’s business development team.

The SEC filing did not specify the reasons behind Young’s departure but stated that he would remain at Microsoft as an employee until March to support the transition. Young has not commented on the announcement.

A Microsoft spokesperson expressed gratitude for Young’s contributions, stating:
“We are deeply grateful for the significant impact Chris had at Microsoft over the past four years. During Chris’ tenure, he led hundreds of strategic partnerships, fostered a culture of innovation, and laid the groundwork for our future growth. We support Chris’ decision to pursue a new endeavor.”

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The Mercedes S63 E Performance: A Fast but Flawed Hybrid Marvel

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The Mercedes S63 E Performance: A Fast but Flawed Hybrid Marvel

The Mercedes S-Class has long been synonymous with luxury, innovation, and performance. As the flagship sedan of the German automaker, each generation pushes the boundaries of what’s possible in a luxury vehicle. The new Mercedes-AMG S63 E Performance is no exception, blending cutting-edge hybrid technology with blistering speed. However, this technological powerhouse is not without its imperfections.

Performance: A Hybrid That Thrills

The S63 E Performance is powered by a combination of a 4.0-liter twin-turbo V8 engine and an electric motor, delivering an astounding 791 horsepower and 1,055 lb-ft of torque. This hybrid setup rockets the nearly 5,000-pound luxury sedan from 0 to 60 mph in just 3.2 seconds, rivaling some of the fastest sports cars on the market.

The electric motor is paired with a 13.1 kWh battery, which offers a modest electric-only range of approximately 20 miles. While this EV range is limited, the hybrid system shines in performance, providing instantaneous torque and ensuring seamless acceleration. The S63 also benefits from a sophisticated all-wheel-drive system, AMG-tuned suspension, and advanced active aerodynamics for improved handling at high speeds.

Luxury: A Rolling Palace

Inside, the S63 E Performance is a masterclass in opulence. The cabin features premium materials such as hand-stitched leather, open-pore wood trim, and brushed metal accents. The MBUX infotainment system dominates the interior with its massive OLED display, offering intuitive controls, augmented reality navigation, and even AI-driven features to enhance user experience.

Passengers in the rear seats are treated to the epitome of comfort, with massaging seats, individual entertainment screens, and a dedicated tablet for controlling climate and multimedia settings. Ambient lighting, configurable in 64 colors, adds a futuristic touch to the serene interior.

Flaws: Where the S63 Falls Short

Despite its impressive specs and luxurious interior, the S63 E Performance has notable shortcomings.

  1. Weight and Handling
    The hybrid system adds significant weight to the car, making it heavier than its predecessors. While AMG engineers have done an admirable job mitigating this with advanced suspension and handling technologies, the added weight can still be felt during spirited driving. Tight corners and aggressive maneuvers reveal the limitations of physics, with noticeable body roll and reduced agility compared to lighter AMG models.
  2. Electric Range and Efficiency
    The 20-mile electric-only range feels underwhelming, especially in a market where hybrid competitors like the BMW 7 Series plug-in hybrid and Porsche Panamera Turbo S E-Hybrid offer better EV capabilities. For a vehicle that positions itself as a high-tech marvel, the range feels more like a token feature than a functional one.
  3. Price
    Starting at around $200,000, the S63 E Performance is priced in a league of its own. While it justifies its cost with luxury and performance, buyers might expect fewer compromises at this price point. Options and customizations can quickly push the price even higher, making it less accessible to all but the wealthiest enthusiasts.
  4. Complexity of Hybrid Tech
    The hybrid system is undeniably advanced but introduces a level of complexity that may intimidate traditional buyers. Maintenance and repair costs could be steep, and the long-term reliability of such intricate systems remains to be seen.

The Verdict: A Marvel with Room for Improvement

The Mercedes-AMG S63 E Performance is undeniably impressive. It offers jaw-dropping performance, unparalleled luxury, and a glimpse into the future of hybrid technology in the ultra-luxury sedan segment. However, its flaws—namely weight, limited EV range, and a sky-high price tag—prevent it from being the perfect car.

For those seeking the ultimate blend of speed, comfort, and cutting-edge tech, the S63 E Performance delivers. But for purists or those who prioritize nimble handling or practical hybrid efficiency, this might not be the ideal choice. The S63 E Performance is a reminder that even the most advanced machines have room for improvement.

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