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Materia launches with $6.3M to provide generative AI assistance for public accounting firms
Materia, a comprehensive artificial intelligence platform built for public accounting firms, today launched with more than $6.3 million in funding to help companies deal with the current accounting labor crisis. The round was led by Spark Capital. Other investors also participating in the round included Haystack Ventures, Thomson Reuters Ventures, Exponential Founders Capital and the ...
CuspAI raises $30M for AI-designed materials discovery and evaluation on demand
Applied artificial intelligence startup CuspAI today announced that it has raised $30 million in a seed round to build a platform for AI-driven material design that will assist with the rapid discovery and evaluation of new structures. Based in Amsterdam and Cambridge, CuspAI was founded by Chief AI Officer Professor Max Welling, a former distinguished scientist ...
Researchers introduce OpenVLA, an open-source generalist AI model for robotics tasks
Researchers from Standford University, University of California Berkeley, Google DeepMind, Massachusetts Institute of Technology and other labs have released OpenVLA, an open-source visual-language-action artificial intelligence model designed for guiding robots based on prompts. For some time now, researchers have been working toward methods of generalizing a way of having robotics better understand the world using VLAs ...
Niantic launches Studio for web-based immersive 3D and mixed reality creation
Augmented and virtual reality platform developer Niantic Inc., the company behind the popular AR game “Pokemon Go,” today announced the launch of a new visual interface for developers that will help them create 3D and mixed reality games with greater ease. The company announced the new free-to-use software development platform, Niantic Studio, during Augmented World ...
Varjo unveils ‘Teleport,’ a service that lets smartphones turn real-world places into VR scenes
Finland-based virtual reality firm Varjo Technology Oy today unveiled Teleport, a brand-new service that will allow users to create 3D environments for spatial computing applications such as virtual reality using only their smartphones. Until now, virtual and mixed reality experiences were cumbersome and difficult to get into VR. Much of building for VR content has ...
D-Wave announces new hybrid quantum solver for commercial applications supporting 2M variables
Quantum computing systems maker D-Wave Quantum Inc. today announced the launch of a new commercial hybrid quantum computing system that can solve problems for practical commercial applications by supporting 2 million variables and constraints, double the number of its previous solutions. The announcement, which took place at the company’s Qubits 2024 user conference, revealed that its new ...
Near Foundation launches Nuffle Labs with $13M to advance modular blockchain infrastructure
Near Foundation, the steward of the scalable and performant blockchain Near Protocol, said today it’s spinning out its modular product suite into Nuffle Labs and raised $13 million in external funding for the new company. The new funding included a $7 million strategic grant from the Near Foundation itself to the newly formed company alongside $6 ...
Dublin-based AccountsIQ bags $65M to bring more AI-powered products to accountants
Dublin-based cloud accounting platform AccountsIQ announced today it has secured €60 million ($65 million) in Series C funding led by Axiom Equity to fuel the expansion of artificial intelligence-powered products so its customers can take advantage of the growing suite of tools. Launched in 2008, AccountsIQ provides a cloud-based financial management software designed to help the ...
Fastly releases global cloud AI accelerator to help developers reduce costs and boost performance
Global edge cloud platform Fastly Inc. today announced the launch of its artificial intelligence accelerator, a solution that will help developers build AI apps with lower latency to users, higher performance and reduced costs. The AI Accelerator works by reducing application programming interface calls and bills using intelligent, semantic caching. It sits between the developer’s ...
Stability AI releases SD3 Medium, its ‘most advanced’ text-to-image generating AI model yet
Generative artificial intelligence startup Stability AI Ltd. today announced the release of what the company called its “most advanced” text-to-image open-source AI model within its Stable Diffusion 3 series, called Stable Diffusion 3 Medium. The new AI model is built on 2 billion parameters. It supports features such as photorealistic image production that overcomes common artifacts in ...