Recent #Public Cloud news in the semiconductor industry

11 months ago
1. Cubbit, an Italian company, has raised $12.5 million to expand its decentralized storage business in Europe with a focus on data sovereignty and sustainability. 2. The company uses a decentralized storage model, similar to Airbnb, which aggregates spare datacenter capacity and sells it as a storage cloud, offering a lower-cost alternative to traditional public cloud storage services. 3. The new funding will support Cubbit's expansion in Europe without significant capital expenditure, focusing on regions like DACH, French-speaking areas, and the UK, and will also be used to consolidate its application ecosystem to support various industries.
Data ProtectionPublic CloudStorage Management
11 months ago
1. Illumex, an Israeli startup, has raised $13 million to develop software that integrates structured data to prevent GenAI chatbot hallucinations. 2. The company has developed a Generative Semantic Fabric (GSF) that aligns organizational data with business meaning and domain-specific context. 3. GSF creates a unified semantic knowledge graph, enabling LLMs to map user questions to relevant data points for accurate responses.
AI/MLPublic Cloud