2023 MAD Landscape Reveals Generative AI as the Next Big Thing in Data and AI Ecosystem
The MAD Landscape 2023 report on the data and AI ecosystem, which highlights the latest trends and market movements.
News
OpenAI’s Foundry will let customers buy dedicated compute to run its AI models
OpenAI is under increasing pressure to turn a profit after a multi-billion dollar investment from Microsoft and is therefore launching a product called OpenAI Foundry that will allow customers to leverage the power of artificial intelligence to drive innovation and growth.
Capsule snags $4.75M for its AI-powered video editor that summarizes text, generates images and more
Capsule, a video editor with artificial intelligence, has received $4.75 million in funding for its unique technology that can summarize text, generate images, and create video segments for different types of content.
Data Annotation and Labeling Market to reach $3.6 billion by 2027, reports MarketsandMarkets
A MarketsandMarkets report shows that the global data annotation and labeling market is about to explode. From $1.0 billion in 2020, it will grow to $3.6 billion by 2027. The increasing adoption of AI and machine learning technologies across various industries drives this rapid growth.
German startup Kern AI nabs seed funding for modular NLP development platform
With NLP being one of the most popular AI trends at the moment, Kern AI has announced that it has raised €2.7 million ($2.9 million) in seed funding to double down on the recent growth that has seen the technology adopted by commercial customers.
Logz.io bets on generative AI to help ops teams remediate issues
Logz.io introduced an innovative feature to help operations teams solve problems faster. The new tool leverages the power of generative AI to automate the process of identifying, diagnosing, and resolving problems, thereby streamlining operations and improving overall system performance.
ChatGPT hype has led South Korea to boost its AI chip industry by $642 million
South Korea is upping its game in the AI chip industry with a whopping $642M investment to propel the industry forward. The investment is expected to help the country's AI chip sector catch up with global players, particularly with the growing frenzy over the popular AI language model, ChatGPT.
MIT Solve Launches New Global Challenges for Indigenous Communities Fellowship
MIT has announced the launch of a new scholarship program called the Indigenous Communities Fellowship, which is part of MIT Solve. It will provide funding for innovative solutions that promote equality, social justice, and sustainable development for indigenous peoples.
A Code-Generating Platform Magic Receives $23 Million to Compete with GitHub's Copilot
Magic, an AI-driven code-generating platform similar to GitHub's Copilot, raised $23 million in a Series A funding round. Magic aims to reduce time and cost of software development and enable teams to scale their impact.
Microsoft launches the new Bing, with ChatGPT built in
Microsoft announced integrating OpenAI's GPT-4 model into Bing, offering a ChatGPT-like conversational experience.
MindsDB Raises $16.5 Million from Benchmark to Expand Machine Learning Applications
MindsDB, an open-source machine learning platform, has received $16.5M in Series A funding from Benchmark. The funding will support the integration of advanced NLP and generative AI models, making it even easier for developers to implement machine learning into their applications.
Google announces Bard A.I. in response to ChatGPT
Google has announced its latest AI technology, Bard, a chatbot powered by LaMDA language model that will compete with OpenAI's ChatGPT.