AI News

Stephanie Song, who previously worked on the corporate development and ventures team at Coinbase, often found herself overwhelmed with the sheer volume of due diligence tasks her team faced daily.

Harnessing AI for Superior Engineering Team Management

Observability has become a key term in IT discussions, referring to the process of monitoring a company’s systems to identify issues or determine the root causes of problems. These issues can frequently disrupt sites or applications, potentially leading to costly downtime.

Not long ago, SoftBank, the prominent investment firm led by the dynamic and sometimes controversial tech leader Masayoshi Son, faced serious challenges. In the second quarter of 2023, the Vision Fund, SoftBank's venture capital branch, reported a staggering loss of $6.2 billion, largely due to investments in companies like WeWork and other missteps.

EnCharge AI, which is developing innovative AI-accelerating chips to compete against established giants like Nvidia, AMD, Microsoft, Meta, AWS, and Intel. The vision seemed ambitious then — and remains so today. However, EnCharge AI is thriving, recently securing $22.6 million in a new funding round.

The Federal Communications Commission (FCC) has proposed a new requirement that political ads disclose the use of AI-generated content, though it will not ban such content outright. Chairwoman Jessica Rosenworcel announced this proposal on Wednesday, suggesting the FCC investigate and gather public input on the potential rule. Previously, the agency deemed AI-generated robocalls illegal; however, this decision focused more on their non-compliance with general automated call regulations than on the AI aspect itself.

Staying informed in the rapidly evolving field of AI can be quite challenging. Until we have AI that can track developments for us, here's a concise summary of recent machine learning headlines, including significant research and experiments we haven’t highlighted individually.

Siri received an exciting upgrade at Apple’s WWDC 2024 in Cupertino, as part of the company’s ambitious initiative, Apple Intelligence, which centers around generative AI. The new Siri is designed to be more conversational, relevant, and personalized, showcasing a refreshed appearance, including an updated icon. When activated, the assistant illuminates with a glowing light that elegantly wraps around the edges of your device’s screen.

The competition to develop the next groundbreaking large language model (LLM) is heating up, and a new contender from China is generating buzz with a significant funding milestone. Moonshot AI, an innovative artificial intelligence startup launched less than a year ago, has reportedly secured over $1 billion in a Series B funding round, as reported by various Chinese media outlets. If confirmed, this funding round would elevate Moonshot AI’s valuation to $2.5 billion, making it the largest single funding round on record for Chinese LLM developers.

For many years, Mozilla has been closely associated with the Firefox browser. However, in recent times, the organization has broadened its focus beyond just Firefox, particularly as the browser's significance has diminished. Mozilla has made strategic startup investments, such as backing Mastodon’s client Mammoth and acquiring Fakespot, a tool that helps users spot fake reviews. Additionally, the organization launched Mozilla.ai, aiming to infuse its commitment to open-source principles into the rapidly evolving AI landscape. This focus on AI was underlined during the recent unveiling of Mozilla’s annual report, which introduced several new board members, primarily with expertise in AI.

Stability AI, the innovative company behind the renowned text-to-image AI model Stable Diffusion, is setting its sights on the burgeoning realm of 3D model creation tools. With the introduction of Stable 3D, an AI-driven application designed to generate textured 3D objects, the company aims to revolutionize modeling and game development across popular platforms such as Blender, Maya, Unreal Engine, and Unity.

Photoroom Secures $43 Million Funding to Accelerate Growth in AI-Driven Photo Editing

1X Technologies, a Norwegian robotics startup, raised $100 million in Series B funding to enhance support for enterprise customers and launch NEO, a bipedal android. Backed by OpenAI, the company aims to address labor demands with humanoid robots while competing in a growing AI robotics market.

TikTok is launching a toolset for users to label AI-generated or enhanced posts, following its recent AI features. Users can now mark content using AI labels, and an algorithm is being developed to auto-identify such posts. TikTok will adhere to transparency guidelines for synthetic media to combat misinformation.

IOC President Thomas Bach emphasized Alibaba's crucial role in Olympic AI innovation at the opening of "Alibaba Wonder Avenue" in Paris. Alibaba's technologies, including cloud computing and AI, will enhance broadcasting for the Paris Games, marking a significant digital transformation for the Olympics.