Leash Biosciences announced the completion of an oversubscribed $9.3 million seed funding round that will enable scaling its data collection and computing capabilities. In parallel, it announced the inaugural BELKA competition.
Intel and Altera recently launched a series of products geared towards on-premise, edge AI computing. Intel debuted a new series of Intel Core Ultra, Core, and Atom processors, joined by discrete Intel Arc GPUs. Similarly, Altera announced the broad availability of its Agilex 5 devices.
Prophecta, a company that offers AI-powered real-time analysis of telematics data, and AI-assisted predictive modeling and planning optimization, recently announced the release of a vehicle tracking algorithm that enables users to optimize costs, reduce emissions, and promote driver safety.
Stability AI announced the release of the multilingual, 12-billion-parameter model, Stable LM 2 12B. Trained on 2 trillion data tokens in seven languages, Stable LM 2 12B comes in two performant, easy-to-deploy flavors: a base model and an instruction-tuned variant.
Apple has reportedly negotiated a licensing deal with Shutterstock to access millions of images for AI model training. The agreement follows Apple's previous efforts to negotiate with news organizations, including Condé Nast and NBC News.
Microsoft AI EVP and CEO Mustafa Suleyman recently announced the creation of the Microsoft AI London hub, which will perform cutting-edge work on language models and their infrastructure in collaboration with Microsoft's other AI teams and partners, including OpenAI.
Spotify is releasing AI Playlist as a beta feature for Premium users in Australia and the UK. AI Playlist lets users create and refine personalized playlists via text-based prompts on a chat interface.
Hailo secures additional funds and introduces Hailo-10 for edge devices; Luminance raised $40 million in Series B led by March Capital; The US and the UK signed into a partnership on AI safety; Stability AI launched Stable Audio 2.0; Google won big in the AI talent-luring battle; and more.
The AI boom is often associated with the lightning-fast rise of foundational model companies like OpenAI. Once more, NVIDIA reminds us that hardware is also important, as its groundbreaking financial growth shines its light upon other AI hardware-related stocks.
OpenPipe secured $6.7 million, in a seed funding round led by Costanoa Ventures and featuring the participation of Y Combinator and a selection of investors, to enable developers and enterprises to substitute their GPT-4 prompts with fine-tuned models and to build their custom data flywheel.
The 2024 MAD Landscape opens with a chart neatly organizing 2,011 active AI companies. The consequent discussion is equally informative and amusing, with this piece aiming to provide a not-too-brief overview.
Activeloop, the AI data infrastructure company behind Deep Lake, celebrates its $11M Series A with an illuminating reflection on AI data's past, present, and future. Where the present struggles are caused by a data stack from the past, Deep Lake emerges as a promising future for the AI data stack.