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WASHINGTON, June 20 (Reuters) - The Biden administration picked the chairman of Google parent Alphabet (GOOGL.O), John Hennessy, and four other technology industry experts to help with research-and-development of next generation computer chips, U.S. officials told Reuters. Hennessy and the selected individuals are set to be announced by the Commerce Department on Tuesday, according to the officials, who declined to be identified. They will be responsible for picking a board of trustees to run the National Semiconductor Technology Center. That public-private partnership was authorized to lead research on next-generation chips as part of last year's bipartisan $52.7 billion semiconductor manufacturing and research law, which also subsidizes new chip plants. The nonprofit board is expected make politically sensitive decisions, including where in the United States to locate the center's research facilities.
Persons: Biden, John Hennessy, Hennessy, Joe Biden, Janet Foutty, Jason Matheny, Don Rosenberg, Brenda Wilkerson, Trevor Hunnicutt, Cynthia Osterman Organizations: Google, Reuters, Commerce Department, National Semiconductor Technology, Stanford University, Deloitte, RAND Corp, Anzu Partners, Qualcomm, Thomson Locations: United States, China, Taiwan
WASHINGTON, June 20 (Reuters) - The Biden administration says it has picked the chairman of Google parent Alphabet Inc (GOOGL.O), John Hennessy, and four other technology industry experts to help with research and development of next-generation computer chips. They will be responsible for picking a board of trustees to run the National Semiconductor Technology Center. That public-private partnership was authorized to lead research on next-generation chips as part of last year's bipartisan $52.7 billion semiconductor manufacturing and research law, which also subsidizes new chip plants. The nonprofit board is expected make politically sensitive decisions, including where in the United States to locate the center's research facilities. "This selection committee is the next step to helping us stand up the NSTC and ensure it succeeds for generations."
Persons: Biden, John Hennessy, Hennessy, Joe Biden, Gina Raimondo, Janet Foutty, Jason Matheny, Don Rosenberg, Brenda Wilkerson, Trevor Hunnicutt, Cynthia Osterman Organizations: Google, Inc, Commerce Department, Reuters, National Semiconductor Technology, Stanford University, Deloitte, RAND Corp, Anzu Partners, Qualcomm, Thomson Locations: United States, China, Taiwan
OAKLAND, Calif., Dec 14 (Reuters) - EnCharge AI, a chip startup born at a Princeton University lab, on Wednesday said it raised $21.7 million as it looks to commercialize its computing technology that is designed to run artificial intelligence applications more efficiently. Its first products will be cards that can be easily slotted into server racks for companies to run AI applications, said Naveen Verma, CEO and co-founder of EnCharge AI and a professor of electrical and computer engineering at Princeton. EnCharge AI chips work by computing data directly in the memory on the chip, using a special chip design and software. The chips will first be used in factories, warehouses and retail spaces to run AI applications, said Verma. EnCharge AI said the latest funding round was led by Anzu Partners with participation from AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund and Alumni Ventures.
Healthcare cybersecurity startup MedCrypt just raised $25 million in Series B funding. Here's the pitch deck used to woo investors at Intuitive Ventures and Johnson & Johnson Innovation. Healthcare cybersecurity startup MedCrypt just raised a $25 million Series B, Insider has learned. Intuitive Ventures and Johnson & Johnson Innovation led the round, while Section 32, Erica Ventures, Anzu Partners, and Dolby Family Ventures also participated. Last year, competitors including New York-based healthcare cybersecurity startup Cylera raised a $10 million Series A, while Israeli IOT cybersecurity startup Cynerio raised $30 million in Series B funding.
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