Artificial intelligence startup Symbolica, which develops foundation models to compete with ChatGPT creator OpenAI, announced a $31 million series A funding round led by Khosla Ventures on Tuesday. General Catalyst, Abstract Ventures and Buckley Ventures also participated in the round, the company said. Symbolica has created a framework that will enable it to develop alternatives to the transformer deep learning architecture, said Symbolica CEO George Morgan, who formerly worked at Tesla on...
Qureight, a Cambridge-based health tech company that develops digital infrastructure for complex medical data, has raised $8.5m (£6.8m). The company was founded in response to the limited treatment options for complex heart and lung diseases. According to Qureight, part of the problem is that researchers have to manually extract important information from large volumes of […]
Silicon Valley chip startup SiMa.ai raised $70 million in a funding round led by Maverick Capital to develop chips designed to speed up AI applications within everyday consumer devices from cameras to cars.Point72 and Jericho joined the venture firm in the financing along with existing backers Amplify Partners, Dell Technologies Capital and Fidelity Management. The San Jose firm, which has now raised $270 million in total, designs processors that aim to help devices understand what they see or...
SingleInterface, a marketing software startup, on Wednesday said it has raised $30 million in its first external funding from investors led by Asia Partners.The Gurgaon-based company will use the capital to develop its product and expand across markets of Southeast Asia and in newer markets such as Japan and Australia, its cofounder and chief executive, Tarun Sobhani, told ET. The company’s primary revenue come from India.The funding round also saw participation from PayPal...
Neysa, a Mumbai-based artificial intelligence (AI) cloud and platform-as-a-service startup, has raised $20 million (about Rs 166 crore) in a funding round led by Matrix Partners India, Nexus Venture Partners and NTTVC.The company, the second venture of data centre services provider Netmagic founder Sharad Sanghi, said it will use the funds for expanding infrastructure required for strengthening its research and development team, and for sales and marketing.“When it comes to infrastructure and...
SANTA CLARA, Calif., April 08, 2024 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced during the ISC West security expo, the continued expansion of its AI system-on-chip (SoC) portfolio with the 5nm CV75S family. These new SoCs provide the industry’s most power- and cost-efficient option for running the latest multi-modal vision-language models (VLMs) … Read More → "Ambarella’s Latest 5nm AI SoC Family Runs Vision-Language Models and AI-Based...
Available on Ideogram web, the features are designed to give users more control over how they produce AI images as well as enhance the overall quality and coherence of the outputs.
Apple has struck a deal to license millions of images from Shutterstock in order to train its AI models. Other tech companies have obtained similar deals from Shutterstock to help develop visual AI engines, including Google, Meta, and Amazon. News of Apple's deal comes well after its signing in late 2022, and is expected to cost Apple up to $50 million. This follows on from news of previous negotiations between Apple and various publishers for similar AI large language model (LLM)...
The AI boom has sprung up a mini-economy for content repositories, which AI companies want access to in order to train their models. Companies like OpenAI initially trained their models by scraping data from the web. However, with the legal overhang of copyright looming, companies are looking to strike deals to formally license content going forward. Apple is one such participant. Reuters reports that Apple struck a deal to license millions of images owned by Shutterstock, a stock image site....
Seed Health became profitable by selling consumer probiotics, and now it's chasing much bigger science, investing in an AI platform for microbiome moonshots.
While some of Donald Trump's gold high-top sneakers may go for $200 a pair, the former president is now hawking others for $2.5 million, according to a new report. People who raise a hefty $2.5 million for the presumptive Republican nominee will receive a pair or "personalized" high-top sneakers, said an NBC News report released Friday. Trump boasts that they are called "Never Surrender" sneakers.Donors who gain entry into the "Trump Victory Trust" circle will also receive VIP benefits at the...
Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) chief executive George Roach provides an update on the Zulu lithium and tantalum project in Zimbabwe alongside news of a £2 million fundraising.