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Nvidia backs new data center power management startup Emerald AI

The amount of energy needed to power the massive data centers being built for the next wave of AI is staggering. But it isn’t flexible.

“Traditionally, the power grid has treated data centers as inflexible — energy system operators assume that a 500-megawatt AI factory will always require access to that full amount of power,” said Varun Sivaram, the CEO and founder of Emerald AI, a startup that just emerged from stealth. It’s also backed by Nvidia.

Emerald AI’s software can manage the peaks and valleys of energy demand for data centers by prioritizing critical tasks and offloading or slowing others.

The $24.5 million seed round was led by Radical Ventures, and included some big names: former Secretary of State John Kerry, venture capitalist John Doerr, AI researcher Fei-Fei Li, and Google Chief Scientist Jeff Dean, according to Axios.

Emerald AI’s software can manage the peaks and valleys of energy demand for data centers by prioritizing critical tasks and offloading or slowing others.

The $24.5 million seed round was led by Radical Ventures, and included some big names: former Secretary of State John Kerry, venture capitalist John Doerr, AI researcher Fei-Fei Li, and Google Chief Scientist Jeff Dean, according to Axios.

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Amazon cuts another 16,000 roles after laying off 14,000 workers in October

Amazon announced Wednesday that its cutting 16,000 roles across the company, having laid off 14,000 workers only three months ago.

“As I shared in October, weve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy,” Senior Vice President of People Experience and Technology Beth Galetti wrote in the press release. “While many teams finalized their organizational changes in October, other teams did not complete that work until now.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

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Anthropic reportedly doubles current fundraising round to $20 billion

Anthropic has doubled its current fundraising round to $20 billion on strong investor demand, according reporting from the Financial Times. The new fundraising round would value the company at a staggering $350 billion. That’s up 91% from September, when it raised at a valuation of $183 billion.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

Produce At Whole Foods Market's Flagship Store

Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.

The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out in 2024 for opening 30 stores a year. Since then, it appears to have added 14, total.

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