AI and Machine Learning
EXL to Acquire IMerit in a $310 Million Deal
The deal positions EXL to support enterprises in building customized, small-language models tailored to their data and workflows.
The deal positions EXL to support enterprises in building customized, small-language models tailored to their data and workflows.
The central bank has proposed draft rules requiring banks and other regulated entities to immediately suspend or deactivate AI models if they malfunction or pose risks.
The Palo Alto-based startup, backed by a $32 million seed round led by Mayfield, wants to help large companies build and run software with AI.
The company’s first custom processor was built with Broadcom for large language model inference.
Amazon says the investment will expand AWS data centers, ecommerce operations and delivery capacity across India.