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Perplexity AI lands $63M funding for generative AI search at $1B valuation
The generative artificial intelligence search engine startup Perplexity AI today announced it raised $62.7 million in new funding that doubles its valuation since its last round to more than $1 billion. The investment was led by Daniel Gross, former head of AI at Y Combinator, with participation from new investors Stanley Druckenmiller, Y Combinator Chief ...
Pudu Robotics rolls out robots for navigating industrial environments
Pudu Technology Inc., a developer of service robotics, today announced the launch of its first line of robots designed expressly for industrial applications. Pudu makes commercial robotics solutions, such as delivery robots, particularly for the hospitality and restaurant sector. The company has shipped more than 70,000 units globally and is a supplier for Walmart Inc., Pizza Hut LLC and ...
Reports: Salesforce abandons plans to acquire Informatica
Salesforce Inc. has reportedly dropped plans to acquire data management company Informatica Inc. for about $10 billion. Although earlier reports in the media suggested that Salesforce was interested in buying Informatica, a statement published by the company today said that it was not in talks. Earlier this month, the Wall Street Journal reported that the two companies were in “advanced ...
GitLab announces general availability Duo Chat AI chatbot for DevSecOps
GitLab Inc. announced Thursday the general availability of its new generative artificial intelligence chatbot Duo Chat, which can bring real-time guidance for both advanced software engineers and non-engineers with a conversational experience. The new AI chat capability is now available as part of GitLab 16.11 and is designed to bring together all of the platform’s AI features into one natural language interface to connect DevSecOps ...
Aptos Labs collaborates with Microsoft, SK Telecom on institutional blockchain platform
Aptos Labs, a blockchain startup founded by former Meta Platforms Inc. employees behind the defunct Diem blockchain, today announced that it has forged partnerships with major technology and finance firms to build out Aptos Ascend, its digital asset management platform for financial institutions. Aptos Labs is a Layer 1 blockchain, meaning that the technology is built ...
Stability AI to lay off 10% of its staff in wake of CEO’s resignation
Open artificial intelligence model developer Stability AI Ltd. is laying off employees as part of a restructuring plan after founder and former Chief Executive Officer Emad Mostaque resigned weeks ago. The plan came to light in a memo obtained by CNBC published today and a person familiar with the matter who spoke under terms of anonymity. Stability, which ...
Stable Diffusion 3 now available via API providing access to developers
Open generative artificial intelligence startup Stability AI Ltd. is bringing its most advanced next-generation text-to-image AI model Stable Diffusion 3 to developers via an application programming interface. Today’s move comes after Stable Diffusion 3 has been out in preview for only two months since its release in mid-February. Its availability for API will give developers the ability to ...
Cynomi raises $20M for AI-powered virtual cybersecurity officer solution for providers
Tel Aviv, Israel-based artificial intelligence-powered virtual chief information security officer platform for managed service providers Cynomi Ltd. today announced it has raised $20 million in new funding to drive its international expansion and help clients overcome the cybersecurity skills gap. The company’s Series A financing round was led by early-stage venture capital firm Canaan and joined by ...
EY launches blockchain-based business contract management solution on Ethereum
Global professional services company Ernst & Young Global Ltd. today announced the launch of a blockchain-enabled solution that will help businesses execute complex business agreements and reduce costs while maintaining security. Launched during the company’s annual EY Global Blockchain Summit, the EY OpsChain Contract Manager is based on blockchain distributed ledger blockchain technology. It allows multiple parties to ...
Document AI startup Upstage raises $72M for global expansion
Upstage Co. Ltd., an artificial intelligence startup that develops document processing large language models, today announced that it has raised $72 million in new funding to expand its capabilities. The company’s Series B funding round almost triples what Upstage raised in 2021, bringing its total funding to $100 million. The round attracted investments from new investors that ...