Self-driving tech developer Turing Inc. has secured investment from AMD Ventures and adopted Advanced Micro Devices' AI accelerators for its autonomous systems.
Turing Inc., a developer of self-driving technology, announced it has added AMD Ventures to its investor roster while integrating AMD's AI accelerator hardware into its platform.
The partnership marks a strategic shift toward AMD's computing solutions for autonomous vehicle development. AMD's GPUs are designed to handle the intensive computational demands required for real-time perception, decision-making, and control systems in self-driving vehicles.
The financial backing from AMD Ventures signals the chipmaker's confidence in Turing's autonomous driving approach. AMD has been expanding its presence in the automotive and AI sectors, competing with NVIDIA's established dominance in autonomous vehicle computing.
Turing joins a growing number of autonomous driving companies integrating AMD hardware as alternatives to traditional solutions. The move reflects broader industry trends toward diversifying GPU suppliers and reducing dependence on single-source computing platforms for critical autonomous systems.
SolarSquare is in talks to raise up to $60 million in funding, with a potential valuation of $500 million. The financing round reflects growing venture capital interest in India's rooftop solar market.
College social app Fizz has expanded its lawsuit against competitor Sidechat, alleging that a Maveron venture capitalist shared confidential information obtained during a 2022 fundraising pitch with the rival startup.
Phia, a shopping app co-founded by Phoebe Gates, is allegedly using cookie stuffing—a fraudulent technique involving fake clicks—to claim unearned affiliate commissions. The startup has raised $43.5 million to date.
Toni Schneider has been promoted from interim to permanent CEO of Bluesky, four months after taking the role in March. Schneider, formerly CEO of Automattic, commits to leading the decentralized social platform.