What’s New Today: Amazon’s latest Rainier project will empower Claude with ultra-large-scale training.
Fast-Track Insights: Reflectiz has raised $22 million in Series B fundraising led by Fulcrum Equity Partners, bringing total funding to $27 million
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the top tech stories, from Amazon empowering Claude to the response to Fed Rate cut.
Amazon has started its compute-infrastructure program, known as 'Project Rainier,' to provide ultra-large-scale training and deployment capacity for the Anthropic AI model family, ‘Claude.’ It is positioned in numerous U.S. data centers and currently utilizes almost 500,000 of Amazon's Trainium2 chips, which will expand to over 1 million chips before the end of the year. With this partnership, Amazon Web Services will support existing versions of Claude and future model iterations.
Reflectiz has raised $22 million in Series B fundraising led by Fulcrum Equity Partners, bringing total funding to $27 million. Reflectiz was founded in 2019 by Idan Cohen and Ysrael Gurt and specializes in assessing client-side web-threat exposure from third-party scripts and tags. Its agentless, AI-based platform monitors all web-components, de-obfuscates malicious JavaScript in real-time, and generates risk ratings. The new capital will support expansion of its continuous threat exposure management (CTEM) framework, and global expansion in sectors such as financial services, healthcare, and e-commerce.
Cognizant's CEO, Ravi Kumar S, stated that the company is hiring more graduates than ever this year, with a new emphasis not only on technology-centric graduates, but students graduating from liberal arts and even community colleges. He stated that artificial intelligence is an amplifier of human potential, and not a displacer of human beings. He encouraged students to have interdisciplinary skills so they could combine an area such as history or biology, with computational capability to compete in an advanced and rapidly evolving workforce.
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After the Federal Reserve reduced interest rates by 25 basis points, moving its target range to 3.75%-4%, risk assets around the world, and Bitcoin, immediately faced headwinds, as the Fed was clearly in a posture of restraint rather than aggressive easing. The confusing economic situation in the U.S., compounded by the threat of government shutdown limiting economic datasets in the immediate future, caused many traders - buyers and sellers alike - to reduce their crypto exposure. True to form, Bitcoin was unable to stay above $110k. The apathetic reaction serves as a reminder of the continued uncertainty as markets await greater clarity on the Fed policy stance.