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Cornelis, spun off from Intel in 2020 to build networking tech that helps AI chips communicate more effectively, raised $205M led by IAG Capital (Dominic-Madori Davis/TechCrunch)

Cornelis, a company creating networking technology to help AI chips communicate more effectively, announced Monday that it has raised $205 million …

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

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Maye Enterprise Software Doesn’t Have to Suck Anymore

There is an uncomfortable truth about most non-tech enterprises: a lot of their software is insanely shit. I don't mean that the engineers are shit. In many cases, the opposite is true.

  • Most non-tech companies have poor software due to economics.
  • Engineers know software needs rewrite but see no direct benefit.
  • Hidden cost of bad software is thousands of wasted hours annually.

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