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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…
Kairoswealth, the Artificial Intelligence-powered wealth platform, secures a $25 million investment from Mount Row Partners.
In a bold move aimed at revolutionizing the wealth management industry, Mount Row Partners has unveiled a substantial $25 million investment in Kairoswealth, a Singapore-based platform harnessing the power of…
Nvidia unveils the H200, a formidable GPU powerhouse designed to accelerate ChatGPT through AI processing.
Nvidia unveiled the HGX H200 Tensor Core GPU on Monday, featuring the Hopper architecture designed to accelerate AI applications. This release builds upon the success of the H100 GPU, Nvidia’s…
Atlas, a 3D generative AI platform, has stepped out of stealth mode with $6 million in funding to expedite the development of virtual world creation
Atlas, a cutting-edge 3D generative AI platform, has emerged from two years in stealth mode with a robust $6 million in seed funding. This financing comprises two separate rounds: a…
AI Impact: Airbnb Purchases AI Startup for Nearly $200 Million
Airbnb, now a publicly traded company, has completed its first acquisition, valued at nearly $200 million, according to sources familiar with the transaction as reported by CNBC. The acquired startup…
OfferFit secures $25 million in funding to revolutionize marketing through machine learning personalization, making A/B testing obsolete.
The homepage of OfferFit, a Boston-based startup led by CEO George Khachatryan, a PhD mathematician and former co-founder of education software startup Reasoning Mind, boldly declares, “A/B testing is dead.”…
Samsung introduces Gauss, on-device GenAI models designed for processing text, images, and code.
Today, Samsung, the prominent South Korean electronics company, marked its entry into the generative AI domain with the introduction of Gauss, a foundational model designed for local execution on smartphones,…
DeepInfra, formerly in stealth mode, secures $8 million in funding to enhance the affordability of running AI inferences.
Alright, imagine you’re a business leader or IT decision-maker eager to delve into the realm of generative AI. After hearing about the potential benefits, you’re ready to introduce a large…
IBM, having made an investment in Hugging Face, introduces a $500 million enterprise AI venture fund.
IBM, having participated in a $235 million series D funding round for the open-source AI platform Hugging Face in August, announced today its intention to significantly bolster its investments in…
ChatGPT by OpenAI boasts a staggering 100 million weekly active users.
OpenAI CEO Sam Altman made an exciting announcement during the company’s inaugural developer conference in San Francisco on Monday. He disclosed that ChatGPT currently boasts an impressive 100 million weekly…
Kloudfuse, a data observability platform, emerges from stealth mode with $23 million in funding.
Recovering from catastrophic system failures can be a daunting challenge when you lack crucial information. Surprisingly, many companies acknowledge that they are, in a way, operating in the dark when…
Report predicts Southeast Asia’s digital economy will reach $218 billion in 2023, spanning e-commerce and online media
A recent report from Google, Temasek, and Bain & Company reveals that Southeast Asia’s digital economies are poised to reach a total transaction value of $218 billion this year, marking…
Taiwanese chip company invests $5.3 billion in Japanese factory to boost semiconductor production
Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and the Japanese financial conglomerate SBI Holdings have designated a location in northern Japan for the establishment of an 800 billion yen ($5.3 billion)…
In 2021, Google spent $26 billion to secure default search engine status on browsers and phones.
In 2021, Google allocated $26.3 billion to secure its position as the default search engine on mobile devices and web browsers, as revealed during a recent federal antitrust trial against…
The AI proxy battle intensifies as Google allegedly supports Anthropic with a $2 billion investment.
Google has reportedly poured a staggering $2 billion into Anthropic, aligning itself with OpenAI as a dominant force in the artificial intelligence realm. In a landscape where tech giants struggle…
Sony Ventures allocates $10 million for investments in Series B rounds of African entertainment startups.
Sony Group has unveiled the creation of the Sony Innovation Fund: Africa (SIF: AF), a program designed to bolster the growth of entertainment ventures in Africa. The Tokyo-based multinational conglomerate,…
In the third quarter, Amazon’s advertising revenue surpasses $12 billion.
Amazon’s online advertising business continues to thrive, despite increasing concerns among investors about the potential negative effects of the Israel-Hamas conflict on the global economy. In its latest financial report…
Stellantis, the company behind Jeep and Dodge, will invest $1.6 billion in the Chinese EV startup Leapmotor.
On Thursday, Stellantis announced a significant investment of 1.5 billion euros ($1.58 billion) in the Chinese electric vehicle startup, Leapmotor. This move comes as established automakers seek to gain a…