Tag: ai startup

ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition
7Nov By adminNo Comments
Technology

ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition

[ad_1] The artificial intelligence company behind ChatGPT has invited hundreds of software developers to its first developer conference Monday, embracing a Silicon Valley tradition for technology showcases that Apple helped pioneer decades ago.The path to OpenAI's debut DevDay has been an unusual one. Founded as a nonprofit research institute in 2015, it catapulted to worldwide fame just under a year ago with the release of a chatbot that's sparked excitement, fear and a push for international safeguards to guide AI's rapid advancement. The San Francisco conference comes a week after President Joe Biden signed an executive order that will set some of the first U.S. guardrails on AI technology. Using the Defense Production Act, the order requires AI developers likely to include OpenAI, i...
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Google Bets $2 Billion on AI Startup Anthropic, Inks Cloud Deal
28Oct By adminNo Comments
Technology

Google Bets $2 Billion on AI Startup Anthropic, Inks Cloud Deal

[ad_1]  Google has committed to invest $2 billion in the artificial intelligence company Anthropic, solidifying its relationship with the startup darling and stoking the Silicon Valley frenzy for AI. The deal is structured as a convertible note, a type of debt that will convert to equity at the startup's next funding round, an Anthropic spokesperson confirmed. The deal closely follows another large convertible note investment into Anthropic from Amazon.com Inc. for up to $4 billion earlier this year.  With the latest financing, Alphabet Inc.'s Google invested $500 million with a commitment to add $1.5 billion more in the future, according to people familiar with the matter, who asked not to be identified because the information is private. The investment is in addition to the $550 milli...
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Google, Nvidia Back AI Startup That Helps Combat Chip Shortage
26Oct By adminNo Comments
Technology

Google, Nvidia Back AI Startup That Helps Combat Chip Shortage

[ad_1] Nvidia Corp. and a Google venture fund have joined a seed round of funding for a startup that helps developers squeeze more computing power out of specialized processors used to train AI, potentially alleviating a major logjam for the burgeoning field.CentML, which builds software to help machine learning systems work more efficiently, raised $27 million from investors including Google's Gradient Ventures and Radical Ventures. Deloitte Ventures and Thomson Reuters Ventures also took part in the financing, the startup said in a statement. The Toronto-headquartered startup aims to address one of the biggest bottlenecks in AI development, a shortage of the graphic processor units from Nvidia and its rivals that process the enormous amounts of data required to train and run AI system...
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5 things about AI you may have missed today: AI-powered learning, AI surveillance system, more
14Oct By adminNo Comments
Technology

5 things about AI you may have missed today: AI-powered learning, AI surveillance system, more

[ad_1] Even as we enter the weekend, the world of artificial intelligence is staying on its toes. New breakthroughs and advancements have taken place today, alongside incidents of people misusing the technology. In the first incident, two students studying in high school in Karnataka have published a research paper that delves into how AI can be used to prepare students for a future where this technology can play a pivotal role. In other news, two UK councils have come under fire for using AI to analyze CCTV images, despite the technology helping residents in curbing criminal activity. This and more in today's AI roundup. Let us take a closer look.Karnataka students lead research in AINavhya Gakhar and Shraavi Chindak, two 11th-grade students hailing from Karnataka, have led research on...
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AI Startup Aims to Give Voice Actors a Digital Twin
14Oct By adminNo Comments
Technology

AI Startup Aims to Give Voice Actors a Digital Twin

[ad_1] Over the years, Cissy Jones, a voice actor with many credits, including video games Starfield and Baldur's Gate III, has performed countless fictional mishaps. Death by gunshot, she said, is easy. Whereas death by fire can be long and tedious. One time, she played an astronaut in space who woke up breathing tensely. Ten minutes into the scene, Jones says she came close to passing out.“Imagine your paycheck being dependent upon being able to sustain that,” Jones said If Jones and her business partners succeed, sometime soon she may no longer have to. Such work, she said, will simply be outsourced to her “digital twin,” a vocal doppelganger powered by artificial intelligence. We are now on WhatsApp. Click to join.Jones is the co-founder and vice president of strategic partnerships ...
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5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more
3Oct By adminNo Comments
Technology

5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more

[ad_1] Today was an interesting day for artificial intelligence developments. A senior official of the European Union (EU), Vera Jourova, has warned that the bloc's upcoming legislation on AI should not be based on paranoia of the technology, as it can lead to too restrictive regulations and hamper the growth of AI. In other news, Visa has revealed its plans to invest $100 million in companies that are focused on generative AI. This and more in today's AI roundup. Let us take a closer look.EU official warns against AI paranoiaVera Jourova, the European Commission's vice-president for values and transparency, told the Financial Times that the fear of a dystopian future and paranoia of the emerging tech should not be the basis for finalizing the regulations around AI. Jourova is also one ...
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5 things about AI you may have missed today: Amazon invests in AI Startup, Getty Images unveils AI tool, and more
25Sep By adminNo Comments
Technology

5 things about AI you may have missed today: Amazon invests in AI Startup, Getty Images unveils AI tool, and more

[ad_1] Amazon commits $4 billion investment in AI Startup Anthropic to compete with other tech giants from Microsoft to Google; Differing opinions emerge among experts on the impact of artificial intelligence; AI becomes mainstream in South Korea, from K-pop to sales assistants; Accenture's AI Chief says generative AI could boost Europe's competitive edge against the US- this and more in our daily roundup. Let us take a look.1. Amazon commits $4 billion investment in AI Startup AnthropicAmazon is set to invest $4 billion in AI startup Anthropic, intensifying its competition with Microsoft, Meta, Google, and Nvidia in the rapidly expanding AI sector. Initially, Amazon will invest $1.25 billion for a minority stake in Anthropic, with an option to increase it to $4 billion. Anthropic, back...
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OpenAI Nears $1 Billion of Annual Sales as ChatGPT Takes Off
31Aug By adminNo Comments
Technology

OpenAI Nears $1 Billion of Annual Sales as ChatGPT Takes Off

[ad_1] OpenAI is on track for $1 billion of annual revenue as businesses adopt the technology behind ChatGPT, the generative AI bot that ignited a wave of artificial intelligence investment.The startup backed by Microsoft Corp. is earning about $80 million of revenue monthly, a person briefed on the matter said, asking to speak anonymously about undisclosed figures. The Information first reported on OpenAI's revenue, including that it lost around $540 million in 2022 developing GPT-4 and ChatGPT. A representative for the startup didn't immediately respond to requests for comment outside normal business hours. OpenAI is regarded as one of several companies at the forefront of generative AI, which can create content from videos to poetry out of a few simple user commands. Since debuting i...
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Google Says Over Half of Generative AI Startups Use Its Cloud
30Aug By adminNo Comments
Technology

Google Says Over Half of Generative AI Startups Use Its Cloud

[ad_1] When employees leave Google to join the artificial intelligence startup race, the search giant still has a way to benefit — by keeping those former workers as cloud customers.More than half of venture-backed generative AI startups pay for Google's cloud computing platform, Alphabet Inc., Google's parent company, said Tuesday. Of the startups valued at over $1 billion, 70% are Google Cloud customers, and about a third of those are helmed by former employees, including Anthropic, Character.ai and Cohere, the company said. That gives Google a way to extend its influence in the field even when it sheds talent. Google's cloud unit, which reported a profit for the first time this year, has emerged as one of the company's best bets for growth as its core search business matures. Google ...
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AI Leaders Create Industry Watchdog as Government Scrutiny Grows
27Jul By adminNo Comments
Technology

AI Leaders Create Industry Watchdog as Government Scrutiny Grows

[ad_1] Facing calls to put guardrails on artificial intelligence development, a group of tech companies including Alphabet Inc.'s Google and OpenAI Inc. are creating an industry body to ensure that AI models are safe.The effort, also backed by AI startup Anthropic and Microsoft Corp., aims to consolidate the expertise of member companies and create benchmarks for the industry, according to a statement Wednesday. The group, known as the Frontier Model Forum, said it welcomed participation from other organizations working on large-scale machine-learning platforms. The fast proliferation of generative AI tools such as OpenAI's ChatGPT, which can create text, photos and even video based on simple prompts, has put pressure on tech giants to tread carefully. The companies involved in the Fron...
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