World’s lowest-loss photonic chip sets stage for utility-scale quantum computers Xanadu and HyperLight have announced a breakthrough in photonic chip performance that could reshape the landscape of quantum computing. By achieving the world’s lowest-loss photonic chip, these two companies are paving the way for utility-scale quantum computers that could revolutionize industries ranging from finance to […]
US firm unveils light-powered computer to tackle energy-hungry AI problems
US Firm Unveils Light-Powered Computer to Tackle Energy-Hungry AI Problems Silicon Valley startup Lightmatter has developed a novel computer chip that can speed up artificial intelligence (AI) processes while significantly reducing energy consumption. This breakthrough technology marks a significant advancement in the field of AI computing, offering a more sustainable and efficient solution to the […]
Venrex and the British Beauty Council Launch Beauty Venture Fund
The landscape of the beauty industry continues to evolve, and with it comes exciting opportunities for innovation and investment. Recently, venture investment firm Venrex and the British Beauty Council (BBCo) announced the inception of the Beauty Venture Fund, aiming to provide vital financial backing for a range of beauty companies based in the UK. This […]
Lightmatter Secures $400 Million for Photonic Chip Innovation Amid AI Surge
In a significant financial boost for technological advancements in artificial intelligence, Lightmatter has announced it has raised $400 million in a Series D funding round, led by the investment firm T. Rowe Price. This funding marks a major milestone for the startup, bringing its valuation to an impressive $4.4 billion. The financial influx comes at […]