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Chinese local governments offer incentives to AI filmmakers

Reuters reports that Chinese local governments are offering computing vouchers, rent waivers and dedicated funding to attract filmmakers using artificial intelligence. These incentives reduce the cost of computing and premises for studios deciding where to set up.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Science
Science

Infleqtion claims 30 entangled logical qubits on Sqale system

Infleqtion says it created 30 entangled logical qubits on its Sqale quantum computing system, a company-reported step toward operations across error-protected quantum bits. A logical qubit encodes information across multiple physi...

Security
Security

NFM Lending faces lawsuit after acknowledged cyber incident

NFM Lending faces a class-action lawsuit after acknowledging a cybersecurity incident, The Tech Edvocate reports. Former customer Sheneka Smith alleges that the mortgage lender failed to maintain reasonable safeguards for customer...

Capital AI
Capital AI

Island closes $400 million Series F at $6.4 billion valuation

Enterprise software startup Island has closed a $400 million Series F round led by Evolution Equity Partners, valuing the company at $6.4 billion. Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners an...

Products Capital
Products Capital

Databricks acquires spreadsheet startup Row Zero

Databricks announced Thursday that it has acquired Row Zero, a startup whose cloud spreadsheet handles more than 1 million live rows. Its finance team had been using Row Zero alongside Genie, Databricks' AI agent for asking questi...

AI Capital
AI Capital

Higgsfield says current sales pace exceeds $1 billion annualized

AI video startup Higgsfield says its current performance puts it on track for more than $1 billion in annualized revenue, Bloomberg reported. Founded by a former Snap executive, the company serves businesses adopting AI-generated ...