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…
The valuation of VAST Data, a prominent AI infrastructure company, skyrockets to more than $9 billion following a recent injection of funding.
VAST Data, the technology firm dedicated to establishing a foundational infrastructure for the age of AI, has just unveiled its successful completion of a series E funding round, amassing an…
AutogenAI, an automated proposal writing startup, raises $39.5M with Salesforce Ventures and others
Creating proposals to meet requests-for-proposals (RFPs) and secure funding can be a daunting task, even for seasoned organizations. This typically involves providing precise yet repetitive information across various form fields…
Kyron Learning raises $14.6 million to support the growth of its conversational AI technology.
Today, Kyron Learning, a startup specializing in AI-driven education, unveiled a significant financial boost with a $14.6 million Series A funding round, along with an $850,000 grant from the Bill…
Analysis of Scalestack’s $1 million AI sales technology seed pitch deck
AI is pervasive, and unsurprisingly, sales teams are among the early adopters. Thus, it came as no surprise to witness Scalestack secure a $1 million investment to simplify the lives…
Within Apple’s semiconductor laboratory, where the most significant transformation within the company in decades is taking place.
Over the past two decades, Apple’s stock price has experienced remarkable growth, primarily fueled by its iconic consumer devices. This journey began with the introduction of the iPod and iMac,…
ChatGPT’s mobile apps celebrate their first anniversary with 110M installs and nearly $30M in revenue
One year has officially passed since the launch of ChatGPT, which made a significant impact on the world as the research preview evolved into an everyday tool, bringing AI chatbot…
DeepMind’s AI for materials research has already unveiled a staggering 2.2 million novel crystals.
Google DeepMind and Lawrence Berkeley National Laboratory have made a groundbreaking scientific announcement today, unveiling their remarkable achievement in creating a novel AI system named GNoME. This innovative AI system…
Nvidia introduces the latest Retriever, DGX Cloud, and Project Ceiba supercomputer to the AWS platform.
Nvidia and Amazon Web Services (AWS) are strengthening their strategic partnership with a series of major announcements at the AWS re:Invent conference. During the event, Nvidia is unveiling a groundbreaking…
Hololight secures $12 million in funding for its XR streaming software.
Hololight, a software company specializing in AR and VR solutions for enterprises, has secured $12 million in funding to accelerate the development of its XR streaming platform, known as Hololight…
iRobot’s stock surged by 39% following news of EU approval for its Amazon deal.
iRobot, the manufacturer of Roomba vacuums, saw its stock price rise by approximately 39% on Friday in response to news that the European Union is poised to give its approval…
Nvidia’s earnings surge threefold as the AI chip industry experiences sustained growth.
Nvidia saw a 1% decline in its stock price during after-hours trading on Tuesday, despite reporting fiscal third-quarter results that exceeded Wall Street’s expectations. The company attributed the anticipated negative…
Expanso Secures $7.5 Million in Funding to Lead the Way in Distributed Data Processing Solutions for Enterprises
Modern businesses rely on data, which is often a complex process to harness effectively. Companies must navigate numerous steps to maximize the value of data from various sources. As data…
AI21 secures an additional $53 million in funding to compete with OpenAI in the enterprise generative AI space.
AI21, a company in direct competition with OpenAI in providing generative AI systems for enterprise clients, has strategically chosen this moment to announce a substantial increase in funding. While OpenAI…
Microsoft emerges as the primary beneficiary amidst the OpenAI controversy
OpenAI finds itself in a state of upheaval, marked by the sudden removal of former CEO Sam Altman in a surprising board decision. The exact reasons behind Altman’s dismissal remain…
Google DeepMind pioneers cutting-edge video analysis with ‘Mirasol3B.’
Google DeepMind has quietly unveiled a significant advancement in their artificial intelligence (AI) research. On Tuesday, they introduced a novel autoregressive model with the aim of enhancing the comprehension of…