Rubrik goes public, Standard AI valued at $1.5B and Anthropic

Rubrik

Rubrik announced its intention to go public on the New York Stock Exchange with the "RBRK." This move comes as part of a broader trend of tech IPOs following the debuts of Reddit and Astera Labs. Despite its growth, Rubrik's net loss increased to $354.2 million in the last fiscal year, up from $277.7 million. The company, which transitioned from hardware sales to cloud-based software, faces competition from giants like Dell, IBM, Veeam, and Cohesity. Over 75% of its revenue, which rose 5% to $627.9 million in the fiscal year ending January, was spent on sales and marketing.

Anthropic

Amazon has finalized its investment in AI startup Anthropic, contributing an additional $2.75 billion to reach a total of $4 billion. This investment completed last year's agreement to support Anthropic's development of advanced AI tools capable of generating text and analysis. In addition to financial backing, the deal enhances Anthropic's collaboration with Amazon, including commitments to use Amazon Web Services data centers and Amazon's custom-built computer chips for its operations. Anthropic, a San Francisco-based company known for its work in AI, also maintains a partnership with Google, utilizing its chips and having previously received investment as part of a $450 million financing round. This strategic investment underscores Amazon's significant interest in advancing AI technology and expanding its influence in the tech sector.

##Neuralink

Elon Musk's Neuralink has unveiled a new project, Blindsight, aimed at developing an implant to restore vision, potentially even for those blind since birth. Initially, this technology will offer basic, pixelated images akin to early Nintendo games, but hopes are set high for it to exceed natural human vision capabilities eventually. This follows Neuralink's success with Telepathy, a brain implant that enabled a paralyzed individual to control devices mentally, demonstrating significant advancements in neural interfaces. The Blindsight initiative marks another step in Neuralink's mission to enhance human life through neurotechnology.

Animoca Brands

During the Leap conference in Riyadh, Animoca Brands is advancing into Web3 and blockchain gaming in Saudi Arabia, signing a memorandum of understanding (MOU) with King Abdulaziz City for Science and Technology (KACST). This partnership highlights Animoca's interest in Saudi Arabia's Web3 market potential, especially in gaming, complementing its Neom smart city project investment. The company, recognized for its global investments, prioritizes Saudi Arabia due to its strong gaming culture and high average revenues per user (ARPU). It significantly outpaces the worldwide average and other Southeast Asian markets. Despite challenges in establishing new frameworks for Web3 in Saudi, Animoca sees significant potential, drawing on its successful experiences in regions like the Philippines, where its portfolio game, Pixels, has thrived. Animoca aims to leverage these insights to foster Web3 gaming development in Saudi Arabia, considering the region's high engagement and spending in the gaming sector.

Standard AI

Standard AI, focused initially on autonomous checkout systems, is now shifting towards computer vision analytics for retailers, aiming to provide insights into shopper behavior and optimize store operations without using facial recognition or collecting personal data. The company's new direction has boosted its valuation to $1.5 billion. With this strategic pivot, Angie Westbrock has been appointed CEO and David Woollard as CTO. Their products are designed to help retailers enhance merchandising strategies, reduce stock shortages, and prevent loss, promising immediate returns on investment through targeted solutions.

SpaceX

SpaceX has set a new record by launching two Falcon 9 rockets into orbit in less than four hours on March 30, demonstrating their increasing capabilities and frequency of launches. The first launch at 5:52 PM local time from NASA's Kennedy Space Center carried the European telecommunications satellite Eutelsat 36D into orbit, and the second at 9:30 PM from Cape Canaveral launched 23 Starlink satellites. A third launch was canceled due to bad weather. Both rockets successfully returned to Earth for reuse, part of the company's strategy to reduce the cost of space flights. SpaceX also continues to actively develop the Starlink project, which has over 5.7 thousand working satellites in orbit for global internet coverage, confirming its leadership in space technology and exploration.

Shield AI

Shield AI, Inc., in collaboration with Kratos Defense & Security Solutions, Inc., has completed the first flight-testing phase with Shield AI's AI pilot onboard Kratos platforms, explicitly aiming to integrate the AI pilot into the XQ-58 Valkyrie. This milestone follows Shield AI's achievement of flying AI pilots on various aircraft types, including quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training. The latest success involves controlling the Kratos MQM-178 Firejet, marking significant progress towards productizing the Valkyrie with Shield AI's Hivemind AI pilot. Shield AI's CEO highlighted their AI technology's rapid integration and deployment capabilities across different aircraft classes, emphasizing the efficiency gains in development timelines. Shield AI's President reflected on the transformative potential of AI pilots in aviation, comparing their impact to that of self-driving cars. The MQM-178 Firejet, capable of various training and tactical roles, represents a step forward in offering cost-effective, high-performance military training and operations solutions. This collaboration underscores a shared commitment to advancing U.S. national security through the rapid development and deployment of AI-powered, uncrewed aircraft systems.

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