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RagaAI: Nvidia Alum Gaurav Agarwal Snags Funding for Startup That Fixes Broken AI

24Jan

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Technology

RagaAI: Nvidia Alum Gaurav Agarwal Snags Funding for Startup That Fixes Broken AI

[ad_1] RagaAI has secured funding to develop a tool that aims to diagnose and fix flaws with artificial intelligence systems, responding to an increasing emphasis on safety and reliability during the AI boom.The startup founded by Gaurav Agarwal, an alumnus of chipmakers Nvidia Corp. and Texas Instruments Inc., has come out of stealth-mode to close a $4.7 million seed round led by pi Ventures. It was joined by firms including Anorak Ventures and TenOneTen Ventures. The Silicon Valley startup uses foundation models to detect and fix problems in AI, such as hallucinations — a well-publicized phenomenon — or failure to factor in critical real-time information. The 44-year-old founder recounted what he called a near-death experience while test-driving a semi-autonomous vehicle on a Californ...

US Won’t Lose Its AI Lead to China Anytime Soon, Inflection AI CEO Says

[ad_1] China's tech sector is racing to gain ground on developing artificial intelligence technology, but Google DeepMind co-founder Mustafa Suleyman predicts the US will still be in the lead 10 years from now. “I'm pretty sure of that. The fundamentals in the US innovation ecosystem are unquestionably the best in the world,” said Suleyman, whose latest venture is Inflection AI, a startup valued at $4 billion. “Without doubt, Silicon Valley is leading the pack, and I think we'll continue to. I think we worry too much that we're going to sort of be dislodged from our podium position.” We are now on WhatsApp. Click to join. Suleyman made the remarks during an interview for the latest episode of the Bloomberg Originals series AI IRL, available to stream now. US officials are particularly ...

Nvidia CEO Dispels Fears of a Chip Shortage Amid the AI Boom

[ad_1] Nvidia Corp. Chief Executive Officer Jensen Huang, fresh off an upbeat quarterly report that sent his company's to a record high, dispelled one of investors' biggest concerns: that chip production won't keep up with demand.Though Nvidia didn't give long-term projections Wednesday, Huang said that supply will “substantially increase for the rest of this year and next year.” The company relies on vendors such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. for components, and a lack of adequate inventory was seen as a challenge to its growth run. In an interview Wednesday, Huang stressed that the company was doing everything it can to stay on top of surging demand. “We're focused on increasing our supply,” Huang said. “We have to do that with great urgency, an...