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Stability AI introduces a new, compact and efficient 1.6 billion parameter language model in their latest innovation efforts.
The significance of size in large language models (LLMs) is a crucial aspect, influencing their operational capabilities and environments. Recently, Stability AI, renowned for its pioneering Stable Diffusion text-to-image generative…
AI Chip Demand Surge Leads to Record Highs in Nvidia and AMD Stock Prices
AMD and Nvidia Reach New Heights Amid Booming AI Chip Market On Thursday, the stock market witnessed a remarkable surge in the shares of two technological behemoths, AMD and Nvidia.…
Recraft, an AI-powered graphic design tool, secures $12 million in funding to develop a foundational model
London’s Startup Landscape Enriched by Recraft’s Innovations in AI-Powered Graphic Design In the ever-evolving world of startups, London has witnessed a notable development with the emergence of Recraft. This innovative…
Synopsys is set to acquire graphics software company Ansys in a deal worth $35 billion.
The acquisition of Ansys by Synopsys, announced on a recent Tuesday, marks a pivotal moment in the technology sector, particularly in the fields of semiconductor design, software, engineering, and product…
Stability AI introduces Stable Code 3B, enhancing AI code generation by addressing common gaps.
In the rapidly evolving landscape of generative AI, Stability AI has announced a significant breakthrough in the realm of AI-powered code generation. The company, initially gaining prominence for its stable…
NVIDIA Accelerates Its AI Efforts at CES 2024
In its CES 2024 blog, NVIDIA characterized its announcements as “A Launching Pad for Generative AI” – a fitting description considering 2023 was certainly the year that Gen AI became…
Tokyo-based startup Sakana AI secures $30 million funding to innovate with streamlined AI models
Sakana AI, a groundbreaking artificial intelligence startup headquartered in Tokyo, was co-founded by two distinguished former Google engineers. The company has recently made headlines by securing a remarkable $30 million…
Typeface and Microsoft Collaborate to Revolutionize Marketing Workflows Using Artificial Intelligence
Microsoft’s move to integrate with generative AI startup Typeface represents a significant shift in the world of digital marketing and content creation. This collaboration is poised to transform how marketers…
Exclusive report reveals that despite the U.S. ban, China’s military and government entities have obtained Nvidia chips.
Over the past year, there has been a notable trend of Chinese military bodies, state-run artificial intelligence research institutes, and universities acquiring small batches of Nvidia semiconductors, despite U.S. export…
Ask-AI secures $11 million for enhancing customer support and additional features through its ‘ASK’ Chrome extension.
Customer support is a crucial area for enterprises, and the implementation of AI solutions in this field can significantly influence customer experience. However, when AI is not utilized properly, it…
With over $1 trillion invested in climate technology, apps that track incentives gain solid ground
In the realm of climate technology, spend some time conversing with its pioneers and enthusiasts, and a common theme emerges: traditionally, this sector wasn’t synonymous with financial abundance. For many…
Microsoft and SAP Introduce Advanced AI Retail Solutions Prior to NRF 2024 Event
In recent years, the retail industry has been undergoing a significant transformation, driven by evolving consumer behaviors and a rapidly changing market landscape. Central to this transformation is the integration…
Robotic startup 1X, supported by OpenAI, secures a $100 million investment
1X Technologies, a pioneering Norwegian robotics startup, has recently made headlines with its substantial achievement in securing $100 million in Series B funding, a monumental leap for the company and…
Amazon has enhanced its Alexa voice assistant with new experiences powered by generative AI technology.
At the recent CES event, it’s clear that generative AI has taken center stage among tech companies, with giants like Volkswagen, Nvidia, and particularly Amazon showcasing their latest advancements. Amazon’s…
Quora received $75M from a16z to develop its AI chatbot, Poe.
Quora, the renowned question-and-answer platform, has embarked on a new phase of growth and innovation, securing significant funding for the first time in nearly seven years. This latest funding round,…
Hewlett Packard Enterprise (HPE) to Purchase Juniper Networks for $14 Billion
Hewlett Packard Enterprise’s (HPE) recent announcement about its agreement to acquire networking gear vendor Juniper Networks in a whopping $14 billion all-cash deal marks a significant shift in the tech…
Microsoft’s newest AI video technology elevates standards with its advanced trajectory-focused generation capabilities
In the rapidly evolving landscape of artificial intelligence, a significant development has emerged in the realm of video generation. A number of AI companies, including giants like Stability AI and…
Google introduces innovative techniques for robot training utilizing video data and advanced language models
The year 2024 is poised to be a monumental year in the domain of technological advancements, particularly at the intersection of generative AI, large foundational models, and robotics. This period…
LG NOVA collaborates with West Virginia, pledging $700 million to bolster technology startups and additional initiatives.
LG NOVA, the North American Innovation Center of LG Electronics, has initiated a groundbreaking strategic partnership with the state of West Virginia. The core objective of this partnership is to…
Perplexity AI Secures $74M Investment to Challenge Google and Microsoft Bing with Its AI-Native Search Engine
Today, we take a closer look at California-based Perplexity AI, a year-old startup that is spearheading a revolutionary approach to knowledge discovery with an AI-native search engine. This innovative company…