Pacific Fusion’s next fusion machine could clear a key hurdle to commercial power

Pacific Fusion is one step closer to commercializing fusion power after breaking ground Tuesday on a facility in New Mexico designed to generate as much energy as it consumes.  “It’s a huge step forward for commercial fusion power,” Carrie von Muench, co-founder and chief operating officer at Pacific Fusion, told TechCrunch. “To our knowledge, there’s…

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OpenAI’s Jalapeño chip is built for fast inference at scale, benchmarks show

At the Hot Chips conference on Tuesday, OpenAI shared a more detailed look at Jalapeño, including the first batch of benchmark results for the new system. Tested on Semianalysis’s InferenceX benchmark, Jalapeño registered both more tokens per user and more throughput per kilowatt than the currently available state-of-the-art inference processors. “The bottom line is that…

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Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II

Fiat Ventures on Tuesday said it is combining its growth consultancy and venture divisions under a new brand, FGV Capital, alongside the launch of its second fund, a $35 million vehicle. The fintech-focused firm’s general partners, Marcos Fernandez and Drew Glover, told TechCrunch that the decision to combine the businesses was to help founders, whether…

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