Maria Deutscher
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Google launches Nano Banana Pro image generation model with reasoning features
Three months after releasing its Nano Banana image generator, Google LLC today introduced an improved version that is better at generating complex content such as infographics. The new model is called Nano Banana Pro. It will be available for free in Google’s Gemini artificial intelligence app. Enterprises and consumers with paid Google accounts will receive ...
Report: Trump could sign executive order to preempt state AI laws
U.S. President Donald Trump could reportedly sign an executive order that would limit states’ ability to regulate artificial intelligence. Trump may sign the order as soon as Friday, sources told Politico today. In recent months, California and Oregon have passed AI laws that require model developers to take steps such as disclosing their risk mitigation ...
Nvidia backs $250M funding round for AI music startup Suno
Suno Inc., a startup with a popular music generation service, today announced that it has closed a $250 million Series C investment. Menlo Ventures led the funding round. It was joined by Hallwood Media, Lightspeed, Matrix and Nvidia Corp.’s NVentures startup fund. Suno is now worth $2.45 billion, more than quadruple the valuation it received ...
Multimodal AI developer Luma AI raises $900M in funding
Luma AI Inc., a developer of image and video generation models, today announced that it has closed a $900 million funding round. Saudi artificial intelligence company HUMAIN led the Series C investment. AMD Ventures, Andreessen Horowitz, Amplify Partners and Matrix Partners participated as well. CNBC reported that Luma is now valued at more than $4 ...
EU to revise GDPR, AI Act as part of regulatory simplification push
The European Union has proposed a set of regulatory changes designed to make it easier for companies to comply with the bloc’s AI Act and GDPR privacy law. The European Commission, the EU’s executive arm, announced the initiative today. The legislative updates are expected to save up to €5 billion in administrative costs for businesses ...
Nvidia, Microsoft to invest up to $15B in Anthropic as part of new cloud partnership
Anthropic PBC will raise up to $15 billion in funding from Nvidia Corp. and Microsoft Corp. as part of a partnership the companies announced today. Nvidia is set to provide up to two-thirds of the capital while Microsoft plans to provide the rest. Anthropic, for its part, has committed to leasing $30 billion worth of ...
AI cloud operator Lambda raises $1.5B+ to build data centers
Artificial intelligence infrastructure startup Lambda Inc. today announced that it has closed a late-stage funding round worth more than $1.5 billion. TWG Global, a holding company led by billionaire investors Thomas Tull and Mark Walter, led the Series E transaction. It was joined by Tull’s US Innovative Technology Fund. The latter firm previously led a ...
Cloudflare outage briefly takes ChatGPT, Claude and other services offline
Cloudflare Inc. experienced an hours-long outage today that took several popular services offline. OpenAI Group PBC’s ChatGPT and Sora were among the impacted applications. Claude, Shopify and the website of New Jersey’s public transportation system reportedly experienced issues as well. The downtime lasted for about five and a half hours. Cloudflare operates a content delivery ...
Cloudflare acquires AI deployment startup Replicate
Cloudflare Inc. has acquired Replicate Inc., a startup with software that makes it easier to deploy artificial intelligence models in production. The companies announced the transaction today without disclosing its financial terms. Replicate previously raised more than $23 million in funding from Y Combinator, Sequoia Capital and other backers. Large language models depend on various ...
Financial technology startup Ramp closes $300M investment at $32B valuation
Ramp Business Corp. today announced that it has closed a $300 million funding round at a $32 billion valuation, double what it was worth in June. The raise is the company’s third in five months. Returning investor Lightspeed Venture Partners led the financing. It was joined by nearly 30 other institutional backers, six of which ...