Topic: ai infrastructure funding

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  • Cornelis Raises $205M to Challenge Nvidia in AI Chips
    September 15, 2026
    95%

    Cornelis Raises $205M to Challenge Nvidia in AI Chips

    Cornelis Networks secured $205 million in funding to launch its Active Compute Fabric, a networking technology designed to eliminate GPU idle time and challenge Nvidia's market dominance. The company offers an open architecture that allows enterprises to mix and match hardware from various vendor...

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  • ClickUp slashes 22% of staff, invests $1M in AI salaries
    May 22, 2026
    84%

    ClickUp slashes 22% of staff, invests $1M in AI salaries

    ClickUp is cutting 22% of its workforce as a strategic pivot toward AI, with CEO Zeb Evans framing it as a move to rebuild the company into a "100x org" rather than a cost-cutting measure. The company will reinvest savings into top performers through salary bands reaching $1 million, targeting th...

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