AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
Founded by Dubliner Gareth Sheridan, Nutriband listed on Nasdaq in October 2021. Now, its flagship opioid patch product is a step closer to getting FDA approval. : Nutriband raises millions for drug abuse deterrent product
Mauritius-based venture capital firm Good Capital on Friday said it plans to invest USD 25 million, about Rs 200 crore, in Indian AI startups this fiscal. The investment will be made from the corpus of USD 50 million Good Capital Fund II, which is expected to be used by 2027. "The total fund is USD 50 million which is planned to be used by 2027. Out of which Good Capital is deploying USD 25 million in AI startups empowering intermediaries and plans to deploy this by 2025," Arjun Malhotra,...
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AI may be inching its way into the newsroom, as outlets like Newsweek, Sports Illustrated, Gizmodo, VentureBeat, CNET and others have experimented with articles written by AI. But while most respectable journalists will condemn this use case, there are a number of startups that think AI can enhance the news experience — at least on […] © 2024 TechCrunch. All rights reserved. For personal use only.
Workforce management platform Rippling has raised $200 million in new financing in a Series F round that values the company at $13.5 billion. Rippling has also signed agreements with investors to repurchase up to $590 million in equity from current and former employees and early investors, Rippling CEO Parker Conrad wrote in a Monday (April 22) blog post. The […]
Snapchat showcased its augmented reality (AR) and generative AI capabilities to ad buyers during its NewFronts presentation. The platform unveiled AR extensions that let advertisers integrate AR Lenses into Snap’s ad products, including Snap Ads, Collection Ads, Spotlight Ads and Dynamic Product Ads. The platform, which touts 800 million monthly active users globally, also announced a new home for sports content ahead of this year's Olympics. With over 300 million people interacting with...
Digital insurance platform Lemonade said its AI investments continue to bear fruit. The company’s latest shareholder letter — while reporting a 25% increase in total revenues and a $47 million net loss, an improvement of 28% — also examines the way artificial intelligence (AI) and automation technology has impacted its loss adjustment expense (LAE) ratio. As co-founder Shai Winiger […]
Generative AI models such as ChatGPT leverage user inputs to improve their models further and get smarter. Starting April 2023, if you wanted to opt out of ChatGPT using your data to train its models, you'd have to sacrifice access to your chat history -- until now. Also: You can make big money from AI - but only if people trust your dataOn Tuesday, OpenAI announced it's updating its data controls for ChatGPT free and Plus users, allowing them to view their chat history even if they have opted...
The auto insurance claims and collision repair industries are increasingly adopting artificial intelligence (AI)-powered solutions to streamline their operations. Eleven percent year-over-year growth in the first quarter at CCC Intelligent Solutions, a cloud platform for the property and casualty (P&C) insurance industry, was largely driven by customers’ adoptions of its solutions, Chief Financial Officer Brian Herb said Tuesday (April […]
Elon Musk's AI company xAI will raise billions from tech VCs.
A Google program will provide AI skills training and funds to underserved communities, schools and small businesses.