Shippers look to digital tools as they aim to bolster resilience and agility
Digitalisation is going to be high on shippers’ agenda in the coming year as they ...
THE INFORMATION writes:
Google is investing in Runway, a New York–based startup that lets customers generate video from text descriptions using artificial intelligence it pioneered, at a valuation of around $1.5 billion including the new capital, according to two people familiar with the matter.
The investment, part of a roughly $100 million funding round, underscores the fierce competition among cloud providers to get close to companies with cutting-edge AI services that could become major cloud customers or acquisition targets in the future. Amazon Web Services has touted Runway, which generates relatively little revenue from its video-editing tools, as a key AI-startup customer but Runway is now expected to rent cloud servers from Google, said one person briefed about the deal…
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