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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out. In the 2-1/2 years since it was founded, Nervana raised roughly $25 million.

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Microsoft Venture Fund Aims to Harness Early Stage Innovation

Xconomy

Microsoft plans to invest more in early stage startup companies through a new corporate venture fund, headed by former Qualcomm executives. And at the other end is where you’ll typically see our larger investments and acquisitions,” Kashyap writes. With a formalized venture fund, Microsoft now has a seat at the table.

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Gil Elbaz On Factual's New Warchest

socalTECH

Last night, Santa Monica-based Factual (www.factual.com), the data provider and data tools firm, announced a big, $25M funding round from Andreessen Horowitz and Index Ventures. This is a pretty big round and is a lot of funding--what are you using it for? So, with funding in hand, what are your particular goals in the next few months?

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Quantum Computing 101: Brilliant, Google, Microsoft Training Workers

Xconomy

But tech companies are already writing the novel kinds of software these revolutionary computers will need in order to operate—and businesses are even helping to train the workforce for a future era of “quantum speed-up.’’ It’ll be some years before such uber-computers are robust and reliable enough for broad commercial use.

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Tech Giants’ Partnership To Explore Ethics, Societal Impacts of AI

Xconomy

With public interest in artificial intelligence technologies on the rise, five of the world’s largest corporations—vying against each other in so many spheres—are banding together to support research on the ethical and societal issues raised by machines with increasingly human-like capabilities.

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Bio Roundup: Senate Drama, A.I. Stories, Data Dives, Shkreli & More

Xconomy

There is no Obamacare replacement, at least not as of this writing. The Senate Republicans are fractured, with a handful of conservatives and moderates each giving a cold shoulder to their chamber’s version of healthcare reform, the Better Care Reconciliation Act.

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Bio Roundup: Obamacare Persists, FDA Approves, Vertex Wows & More

Xconomy

But as of this writing, McConnell will allow a vote next week to start open debate, much less tightly controlled than the secretive BCRA that went nowhere. A straight-up repeal, floated by Senate majority leader Mitch McConnell, was also shot down.

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