This Cambridge startup is building a ‘foundation model’ for the chest to speed drug trials
Qureight raised $20 million in Series B funding to build a single foundation model covering the entire chest instead of creating separate models for individual diseases. The Cambridge startup develops AI imaging tools for lung and heart clinical trials, with the foundation model allowing it to derive additional applications.
Read full story →Samsung’s Chip Profit Soars 250-Fold on Memory Shortages
Samsung Electronics' semiconductor division reported an operating profit of 89.2 trillion won in the second quarter, representing a more than 250-fold increase. This surge was driven by memory chip shortages in the market.
Microsoft’s Azure just crossed $100bn a year, and the AI bet mostly paid off
Microsoft's Azure cloud service revenue exceeded $100 billion annually, with quarterly cloud revenue reaching $59.3 billion, up 27% year-over-year. Total company revenue rose 18% to $90 billion for the quarter ending June 30, and net income increased 31% to $35.8 billion.
OpenAI is giving 100,000 scientists free AI. Here’s how it can afford to.
OpenAI is offering 100,000 academic researchers free access to its frontier models through 2027, beginning with 10,000 users this summer. The programme scales to reach the full 100,000 researchers by the end of the rollout period.