AI News

Sandbox AQ, a cutting-edge AI and quantum technology firm established as a spinoff from Google's parent company Alphabet in 2022, has acquired Good Chemistry, a Vancouver-based startup specializing in quantum and computational chemistry. The terms of the deal remain undisclosed.

It has officially been one year since the groundbreaking launch of ChatGPT, which transformed from a research preview into an essential tool for everyday users, popularizing AI chatbot technology. A significant factor in this shift was the debut of the ChatGPT mobile app, first released on iOS in May 2023, followed by its Android counterpart in July 2023. According to a market analysis by mobile intelligence provider data.ai, ChatGPT’s mobile apps have achieved over 110 million combined downloads and nearly $30 million in consumer spending.

A cybersecurity startup named Cyera is positioning itself to tackle one of the most pressing challenges in enterprise data protection: the integration of AI. The company is on the verge of securing a significant funding round approaching $300 million, which could triple its valuation to $1.5 billion, according to sources familiar with the situation. Esteemed venture capital firm Coatue is leading this funding round, with Accel also participating.

Many legal tech startups are working to enhance the workflow for lawyers, with some specifically targeting solutions around intellectual property (IP). A standout in this sector is Solve Intelligence, a startup utilizing AI to assist patent attorneys in drafting and generating IP analyses.

Otter, the innovative AI-powered meeting assistant renowned for its real-time audio transcription, has recently enhanced its offering with the launch of Meeting GenAI. This groundbreaking suite of AI tools aims to transform the way users manage meetings. Meeting GenAI features an intuitive AI chatbot that allows users to easily retrieve information from past meetings recorded with Otter, a collaborative chat function for teams, and an AI-generated conversation summary that encapsulates key meeting points, eliminating the need to sift through full transcripts to get up to speed.

Meet OpenAI’s Newly Formed Board of Directors: Bret Taylor, Larry Summers, and Adam D’Angelo

Studio Launches AI-Powered Online School for Musicians, Songwriters, and Producers

Google Unveils Duet AI for Developers: Now Available with Enhanced Capabilities

The House of Representatives has established a Task Force on Artificial Intelligence aimed at ensuring that America remains a leader in this vital field, as highlighted by Speaker Mike Johnson. However, this announcement feels more like a stopgap measure following years of inaction that show little likelihood of change.

Nvidia is set to acquire Run:ai, a Tel Aviv-based company specializing in optimizing and managing AI hardware infrastructure for developers and operations teams. While the financial details of the deal remain confidential, insiders reveal that the acquisition cost is around $700 million. Reports from CTech earlier today hinted at "advanced negotiations," suggesting Nvidia might have considered a price exceeding $1 billion, indicating successful discussions with only minor potential adjustments.

It’s widely recognized that the data sets used to train artificial intelligence (AI) models are significantly flawed.

Harvesting fish is an inherently messy endeavor, characterized by the challenges of working at sea and dealing with slippery, wriggling creatures. Shinkei aims to transform this process with an automated system designed to dispatch fish more humanely and efficiently, potentially reshaping the seafood economy.

Sam Altman expressed skepticism about Elon Musk's new AI product, Grok, amidst their ongoing rivalry in the generative AI market. Despite Musk's attempts to overshadow OpenAI, Altman showcased advancements like GPT-4 Turbo, emphasizing OpenAI's commitment to innovation.

Adobe has announced new generative AI video tools, enhancing Creative Cloud with features that convert images to video and generate clips from text. The Firefly model ensures quality and copyright compliance, with beta versions launching later this year alongside tools for Premiere Pro.

Google is reintroducing image generation of people via its Gemini AI chatbot, powered by the updated Imagen 3 model. Early access will be available for select users, with safeguards against misinformation and restrictions on public figures. The feature aims for user feedback to enhance its performance.