Kyt Dotson
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Luma AI launches Ray3, a next-gen cinematic video generation model with built-in reasoning
Artificial intelligence startup Luma AI Inc. today announced the launch of Ray3, a powerful text-to-video AI model with built-in reasoning, designed for high-quality cinematic visual production for professionals. Luma also revealed a partnership with Adobe Inc. to integrate the new model into Adobe’s AI-enabled Firefly app, the company’s all-in-one software for creative work. “Ray3 is ...
Zoom unveils AI Companion 3.0 amid other innovations to optimize employee time
Continuing its lean into agentic artificial intelligence, Zoom Communications Inc. today introduced the next generation of its AI Companion and its virtual workspace. AI Companion 3.0 designed to help users deliver high-quality work by providing insights and intelligent assistance. It includes a number of AI skill updates that enhance its AI agent capabilities with new custom ...
Swedish AI firm EvoluteIQ raises $53M to scale up business process automation
Stockholm-based EvoluteIQ AB, an artificial intelligence business automation platform, today announced it raised $53 million in minority growth capital led by Baird Capital to fuel the global expansion of the company’s agentic AI services. Founded in 2019, the company provides a platform called EIQ for enterprise businesses to automate complex processes using proactive AI systems. ...
Ethosphere raises $2.5M to support retail associates with AI insights
Seattle-based startup Ethosphere, a voice-enabled artificial intelligence platform for retail operations, said today it has raised $2.5 million in pre-seed funding to bring large language models to brick-and-mortar store floors, aiming to help sales associates deliver better in-person service. Point72 Ventures led the round, with participation from AI2 Incubator, Carya Ventures, Pack VC, Hike Ventures ...
Workday acquires Sana Labs for $1.1B to upgrade agentic AI work experiences
Human resources and finance software giant Workday Inc. today announced the acquisition of Sana Labs AB, an artificial intelligence company offering enterprise knowledge and employee training tools, for about $1.1 billion. Workday also announced new AI agents for HR, finance and industry use cases in its Illuminate platform alongside a new developer platform, including a ...
Quantum Motion brings silicon-based quantum computer online in major industry milestone
London-based Quantum Motion Technologies Ltd. announced today it has delivered the industry’s first quantum computer built using traditional semiconductor chipmaking processes, the same technology used in conventional computers. The new system was installed at the UK National Quantum Computing Centre, the United Kingdom’s national lab dedicated to accelerating quantum computing research. It uses standardized mass-manufacturable ...
AegisAI raises $13M to protect business users against email attacks
Cybersecurity startup AegisAI Inc. has launched with $13 million in seed funding co-led by Accel and Foundation Capital to fix email security using artificial intelligence in the face of increasingly sophisticated attacks. Founded by Chief Executive Cy Khormaee and Chief Technology Officer Ryan Luo, former Google LLC security executives, the startup focuses on using agentic ...
Endpoint cybersecurity firm Koi raises $48M to stop attacks against enterprise networks
Koi Security Inc., a startup providing cybersecurity for enterprise endpoints, announced Wednesday it has raised $48 million in early-stage funding to protect businesses against the growing risk surrounding self-installed software and other security blind spots. The company said the funds were raised across a $10 million seed and a $38 million Series A round led ...
CuspAI raises $100M to build AI ‘search engine’ to transform materials science
Cambridge-based CuspAI, an artificial intelligence company developing a platform to revolutionize how the world discovers and develops new materials, said today it has raised $100 million in an early-stage funding round. The Series A round was co-led by U.S. fund New Enterprise Associates and Temasek, with participation from Nvidia Corp.’s venture capital arm NVentures, Samsung ...
Quantum computing startup PsiQuantum raises $1B, aiming to build 1M-qubit-scale machine
PsiQuantum Inc., a well-funded quantum computing startup, said today it has raised $1 billion in late-stage funding to accelerate its efforts to build a large-scale, reliable quantum computer with more than a million qubits. The Series E deal was led by BlackRock Inc., alongside Temasek and Baillie Gifford. The fundraise brings the valuation of the ...