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…
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,…