Intel investing $13M in a startup building an AI chip that can transfer data 1,000 times faster

Intel is investing $13 million in Untether AI, a startup that’s working on a novel type of chip for artificial intelligence that promises to perform neural-network calculations at warp speed. Untether, based in Toronto, Canada, has already developed a prototype device that transfers data between different parts of the chip 1,000 times more quickly than a conventional AI chip. That’s an impressive achievement, but it should be treated cautiously since the prototype is far larger than an actual chip—and because other factors will contribute to the overall performance of the…

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Kenya accounts for 60 per cent of private equity investments to East Africa

Banking Crisis

Kenya accounted for more than half of funds pumped into the region by private equity (PE) and venture capital firms. A new report shows that Kenya received 59 per cent of the funds that private equity firms pumped into the region between 2013 and 2018. The report by the Africa Private Equity and Venture Capital Association (AVCA) indicates that there were 110 reported deals during the five years valued at Sh130 billion. Most of the money was invested in the consumer goods and technology sectors. Reports have in the recent…

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