Kaffa Roastery, a Helsinki coffee roaster, launched "AI-conic," a coffee blend developed in collaboration with AI consulting firm Elev. Elev provided LLMs with data from Kaffa's best-selling coffees to craft "a new exciting blend." The unconventional result was deemed perfect by blind tasters.
Chemix, an industry leader in battery development, leverages its proprietary MIX R&D platform to automate large swaths of its processes. The $20M Series A round led by Ibex Investors, allows Chemix to scale operations to meet customer demand and venture into more specialized segments.
Smart Reporting raised €23 million to fund its global expansion, product development, and management team growth. Founded in 2014 as an LMU spin-off, their software enables automated, data-driven documentation for doctors. The company plans to grow by negotiating international partnerships.
Adobe recently launched the Firefly Image 3 beta, the latest iteration of its image generation model. Firefly Image 3 brings several advancements to Adobe's image generation solution and powers new features including Structure Reference, Style Reference and Generative Expand.
Octomind recently announced it completed a successful $4.8 million seed funding round led by Cherry Ventures and backed by an outstanding selection of angel investors. The funds will enable Octomind to enhance the capabilities of its AI to automate the software testing process.
United Airlines is taking the next step of its journey into the digital era by exploring some use cases for AI to streamline its internal operations. From its customer service chatbot to developing rerouting tools, the airline has demonstrated it is not fearful of the upcoming AI revolution.
BBC recently announced a £6 million investment destined to transform the online study support resource BBC Bitesize. New tools developed for the platform likely include recommendation systems and personalized testing with custom ethical algorithms at their core.
Microsoft released Phi-3-mini, a 3.8 billion parameter model small enough that it can be run in contexts with constrained hardware and network resources. Its strong performance is the result of carefully curated dataset-construction and training processes.
Perplexity launched its Enterprise Pro service, which adds a safety and data privacy layer to its Pro offering. The company also announced a successful $62.7M Series B and key global partnerships.
The Startup Grind Global Conference 2024 started today. Held in the iconic Silicon Valley, the conference brings the community together, provides a space to exchange insights, and plenty of networking opportunities. Tickets are still available for Day 2 on the conference's official website.
The seventh edition of the AI Index Report has been published. Unlike previous editions, the 2024 AI Index Report extends coverage of relevant trends and features a newly included chapter on science and medicine.
Qtum set up 10,000 NVIDIA GPUs to develop, power, and deliver over 10 AI-related experiences on a decentralized model inference computing infrastructure. In parallel, the platform released Solstice, a conversational chatbot, and Qurator, a text-based image generator.