UK regulator CMA scrutinizes the collaboration between Microsoft and OpenAI as a ‘relevant merger
The recent upheaval in OpenAI’s leadership has drawn much attention in the tech and business world. It concluded with co-founder Sam Altman’s rapid reinstatement and an increased involvement from Microsoft,…
Seattle’s biotechnology sector explores ‘DNA typewriter’ technology with $75 million funding from technology billionaires.
Seattle is on the cusp of becoming a major epicenter for biotechnological advancement with the establishment of a groundbreaking biotech hub, primarily fueled by a substantial $75 million investment. This…
Microsoft now states the CMA was ‘rigorous and just’ regarding the Activision Blizzard acquisition.
Brad Smith, President of Microsoft, initially expressed deep dissatisfaction with the UK’s Competition and Markets Authority (CMA) after it impeded Microsoft’s substantial acquisition of Activision Blizzard. Previously characterizing it as…
SymPhysis Medical Secures €1.5M in Funding for Advanced-Stage Cancer Treatment Device
SymPhysis Medical, a Galway-based MedTech innovator, has successfully raised €1.5 million in a seed-plus funding round. This financial injection is the result of continuous backing from a consortium of investors…
Kerno obtains €1.69M in initial financing round
Kerno has successfully raised €1.69 million in a seed investment round with Elkstone Ventures taking the lead. Established in 2022 by a team of five including Sean Madigan and Karim…
IBM and Meta-led AI Consortium to challenge AWS, Microsoft, and Nvidia with open standards.
The AI Alliance, a newly formed coalition of 50 leading companies and institutions, including heavyweights like IBM, Meta, and AMD, represents a significant shift in the landscape of generative AI…
Google agrees to $700 million payout to U.S. customers and states in settlement over Play store issues
Google has consented to a $700 million settlement to resolve antitrust allegations brought forth by U.S. states and consumers. As part of the agreement, which awaits judicial confirmation, Google will…
Phosphorus Secures $27M Funding to Expand its xIoT Security Offerings
Phosphorus Cybersecurity Inc., headquartered in Nashville, specializing in securing and managing the extended Internet of Things (xIoT), has successfully raised $27 million, led by Evolution Equity Partners. CEO Chris Rouland…
Arkon Energy secures $110M funding to expand bitcoin mining operations in the US and introduce AI cloud service in Norway.
Arkon Energy, a prominent data center infrastructure firm, recently completed a $110 million private funding round aimed at expanding its global operations. This news was exclusively reported by TechCrunch and…
Anthropic, a competitor to OpenAI, is currently negotiating to secure $750 million in financing at a valuation of $18.4 billion.
Anthropic, a company established by former OpenAI staff, is reportedly negotiating to secure a funding round of $750 million, led by Menlo Ventures, according to a source familiar with the…
Researchers Determine Google Gemini Falls Short of GPT-3.5 Turbo in Performance
In a recent study, researchers from Carnegie Mellon University and BerriAI have scrutinized Google’s latest AI offering, Gemini Pro, comparing its performance with OpenAI’s GPT-3.5 Turbo. Despite high expectations following…
IBM is set to purchase StreamSets and WebMethods from Software AG for a total of $2.3 billion
IBM is investing €2.13 billion (approximately $2.3 billion) to purchase two key data integration tools from the German enterprise software company, Software AG. This all-cash transaction includes acquiring StreamSets, a…
Microsoft Significantly Enhances Azure AI Studio by Integrating Llama 2 Model-as-a-Service and GPT-4 Turbo with Vision Capabilities
Microsoft, a major beneficiary of the generative AI surge, has diversified its AI portfolio beyond its early support for OpenAI. The tech giant has integrated OpenAI’s technology into various services…
Google’s latest artificial intelligence innovation, ‘MusicFX’, creates music compositions using only a handful of words.
Today marks another achievement for Google with the unveiling of MusicFX, a pioneering AI tool that allows users to craft their own music. This tool integrates Google’s MusicLM and DeepMind’s…
Are you brimming with a novel AI startup concept? OpenAI is eager to offer $1 million in support
OpenAI, the creator of ChatGPT, is inviting aspiring startup founders to apply for a $1 million funding opportunity and access to exclusive resources through its Startup Fund. This offer is…
Microsoft unveils Phi-2, a compact AI language model that surpasses Llama 2 and Mistral 7B in performance.
The continuous flow of updates and revelations in the world of generative AI shows no signs of slowing, even as we approach the end of 2023 and the customary hush…
Essential AI steps out of stealth mode with support from Google, Nvidia, and AMD.
San Francisco-based startup Essential AI, aiming to revolutionize how people interact with AI, has emerged from stealth mode today, announcing a successful Series A funding round that secured $56.5 million…
Meta heralds a groundbreaking era in secure AI generation alongside Purple Llama.
Recognizing the imperative of bolstering security in the development of generative AI and fostering industry-wide trust while mitigating the risks of potential attacks, Meta introduced the Purple Llama initiative last…
SumUp, a Block rival, secures $307 million amidst fintech funding downturn.
SumUp, the British payments startup renowned for its compact card readers, announced on Monday that it has successfully raised 285 million euros ($306.6 million) in a substantial funding round. This…
The $30 million infusion into Mine will usher in AI-driven privacy solutions for the corporate sector.
Amid a tumultuous year for venture capital investment, Mine defied the prevailing trends by securing a substantial Series B funding round of $30 million, co-led by PayPal Ventures and Battery…