Maria Deutscher
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Runway launches new Gen-4 AI video generator
Runway AI Inc. today introduced Gen-4, a new artificial intelligence model that can generate videos based on natural language prompts. New York-based Runway is backed by more than $230 million in funding from Nvidia Corp., Google LLC and other investors. The company launched its first AI video generator, Gen-1, in February 2023. The new Gen-4 ...
Temporal raises $146M for its application reliability platform
Temporal Technologies Inc., a startup that helps developers protect their applications from outages, has raised $146 million in funding at a $1.72 billion valuation. The Series C investment was announced today. Tiger Global led the round with participation from Index Ventures, Sequoia Capital, MongoDB Ventures and other institutional backers. Temporal’s total outside funding now stands ...
Alphabet spinout Isomorphic Labs raises $600M for its AI drug design engine
Isomorphic Labs Inc., a healthcare startup that spun out of Alphabet Inc. in 2021, today announced that it has closed a $600 million funding round. OpenAI backer Thrive Capital led the investment. It was joined by Alphabet and GV, the search giant’s startup investment arm. Isomorphic Labs is led by Chief Executive Officer Demis Hassabis, ...
Elon Musk’s xAI acquires X at $33B valuation
Elon Musk today announced that xAI Corp. has acquired X Corp. in an all-stock transaction. The deal values X at $33 billion excluding debt, Musk (pictured) stated in a post on the social network. He added that xAI is now worth $80 billion. That’s up from the $50 billion valuation the artificial intelligence provider reportedly ...
Google pays $100M to settle class-action lawsuit over advertising practices
Google LLC has agreed to pay $100 million to settle a class-action lawsuit that was filed in 2011 by customers of its AdWords advertising service. Reuters reported the development today, citing documents submitted to a federal court in San Jose, California, late Thursday. The proposed settlement will have to be approved by a judge before ...
DOGE reportedly planning to rewrite Social Security Administration’s software
The U.S. Department of Government Efficiency, or DOGE, reportedly plans to rewrite the software that the U.S. Social Security Administration uses to make payments. Wired today cited sources as saying the initiative will focus on switching code written in COBOL to a different programming language. According to the paper, DOGE intends to complete the upgrade ...
OpenAI adds support for Anthropic’s MCP LLM connectivity protocol
OpenAI is rolling out support for MCP, an open-source technology that large language models can use to perform tasks in external systems and access the data they contain. OpenAI Chief Executive Officer Sam Altman announced the move on Wednesday. The development is notable partly because MCP was created by Anthropic PBC, the ChatGPT developer’s best-funded ...
Anthropic researchers reveal new findings on how LLMs ‘think’
Researchers from Anthropic PBC today published two papers that shed new light on how large language models perform processing. According to the company, the findings provide a better understanding of LLMs’ reasoning workflows. Additionally, the new research could improve how developers audit the reliability of their models. The ability to check that an LLM generates ...
Report: Nvidia close to acquiring AI cloud provider Lepton AI in nine-figure deal
Nvidia Corp. is in advanced talks to acquire cloud startup Lepton AI Inc., The Information reported on Wednesday. Sources familiar with the matter told the publication that the deal could be worth several hundred million dollars. That would represent a major exit for Lepton AI’s investors, CRV and Fusion Fund. The two venture capital firms ...
Amazon introduces AI-powered Interests feature for its e-commerce marketplace
Amazon.com Inc. is rolling out an artificial intelligence feature called Interests to help users discover products in its e-commerce marketplace. Daniel Lloyd, the company’s vice president of personalization, detailed the capability in a Tuesday blog post. It’s the latest in a series of consumer-focused AI features that the company has introduced since the start of ...