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, 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.
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.
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 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.
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 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.
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 announced integrating OpenAI's GPT-4 model into Bing, offering a ChatGPT-like conversational experience.
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 has announced its latest AI technology, Bard, a chatbot powered by LaMDA language model that will compete with OpenAI's ChatGPT.
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