Maria Deutscher
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OpenAI closes record $6.6B funding round at $157B valuation, plus $4B line of credit
Updated: Confirming recent reports, OpenAI today announced that it has raised $6.6 billion from investors to support its artificial intelligence research. The raise, the largest venture capital funding round on record, values the ChatGPT developer at $157 billion. That’s nearly double what it was worth following a tender offer earlier this year. Thrive Capital led ...
AWS, Nvidia and others back new AI-enabled cancer research initiative
Five major tech companies have committed more than $40 million to CAIA, a new research initiative dedicated to improving cancer care. CAIA launched today during a Seattle event hosted by Madrona Venture Group. CAIA stands for Cancer AI Alliance, a nod to the fact that the participants will use artificial intelligence to support their clinical ...
Crescendo raises $50M for its AI-powered customer service platform
Customer service startup Crescendo today announced that it has closed a $50 million funding round at a $500 million valuation. General Catalyst led the Series C investment. It was joined by Celesta Capital, Alorica and several angel investors. Crescendo, officially CrescendoAI Inc., provides a customer support service that removes the need for companies to set ...
Numa raises $32M to develop AI tools for car dealerships
Numa, a provider of artificial intelligence software for car dealerships, today announced that it has closed a $32 million Series B investment. The funding round was jointly led by Touring Capital and Mitsui Group, a Tokyo-based conglomerate. The latter company generates part of its revenue from producing auto parts and hosting truck auctions. The round ...
OpenAI introduces new multimodal processing, AI fine-tuning tools at DevDay
OpenAI introduced a set of new developer tools today at its DevDay product event in San Francisco. The additions are headlined by Realtime API, a cloud service that enables software teams to equip their applications with multimodal processing capabilities. The service powers those capabilities using OpenAI’s artificial intelligence models. On launch, Realtime API supports one ...
Microsoft enhances Copilot and Bing with new generative AI features
Microsoft Corp. today introduced a set of new artificial intelligence features for its Copilot chatbot and Bing search engine. Most of the capabilities are rolling out to Copilot. The Bing enhancements, in turn, will enable the service to deliver more detailed answers to user queries. Both updates began rolling out to users this morning. One ...
Nvidia rival Cerebras Systems files to go public
Cerebras Systems Inc., a startup that sells a wafer-sized chip for artificial intelligence applications, today filed to go public. The move is not unexpected. Cerebras submitted a confidential draft version of the filing to the Securities and Exchange Commission in July. Last week, Bloomberg reported that the company hopes to raise between $750 million and $1 ...
SoftBank expected to invest $500M in OpenAI as Apple exits funding round
SoftBank Group Corp. plans to invest $500 million in OpenAI as part of a forthcoming funding round, The Information reported today. A source told the publication that the cash infusion will give the ChatGPT developer a pre-money valuation of $150 million. That’s up from the $86 billion OpenAI was reportedly worth following a tender offer ...
Epic Games sues Google, Samsung over ‘Auto Block’ mobile cybersecurity feature
Epic Games Inc. today sued Google LLC and Samsung Electronics Co. Ltd. over the Auto Block feature in Samsung’s Android devices. The complaint is the second that the video game maker has brought against Google in recent years. The previous lawsuit, which dates back to 2020, ended last year with a jury verdict against the ...
Google will invest $3.3B to increase its data center capacity in South Carolina
Google LLC will spend $3.3 billion to build two new data centers in South Carolina and expand an existing cloud campus. The Alphabet Inc. detailed the project on Thursday. It’s the latest in a string of 10-figure data center investments that the company has announced since the start of the year. In the same time ...