Kyt Dotson
Latest from Kyt Dotson
Layer raises $6.5M for AI-powered video game production tools
Layer AI Inc., an artificial intelligence-driven toolset platform for video game assets, today announced it has raised $6.5 million in a seed round. The company provides a professional suite of tools for game developers to quickly build, manage and refine 2D, 3D and video assets for production that allows them to significantly reduce content generation ...
Soopra AI raises $1M to make AI-driven expert personas into agents
Soopra AI, a company that provides on-demand artificial intelligence personas from experts for education and insights, announced today it raised $1 million in pre-seed funding to launch a platform for AI agents that can perform advanced functions. Founded in 2022, the company provides users with a way to train AI models with a foundation of ...
TensorWave raises $100M to build out AI training cluster data center with 8,000+ AMD GPUs
TensorWave Inc., a graphics processing unit cloud platform for artificial intelligence that’s focused on offering an alternative to Nvidia Corp.’s market dominance through Advanced Micro Devices Inc. chips, announced today that it has raised $100 million in an early-stage funding round led by Magnetar and AMD Ventures. The Series A funding builds on the company’s ...
Robinhood to acquire Canadian crypto exchange WonderFi for $179M
Online stockbroker and trading giant Robinhood Markets Inc. announced today it has agreed to acquire WonderFi Technologies Inc., a Canadian digital asset and cryptocurrency trading firm for CA$250M, or $179 million, in an all-cash deal. Founded in 2021, WonderFi operates two of Canada’s largest regulated crypto trading platforms, BitBuy and Coinsquare. Together, they handle over ...
Vectara launches Hallucination Corrector to increase the reliability of enterprise AI
Artificial intelligence agent and assistant platform provider Vectara Inc. today announced the launch of a new Hallucination Corrector directly integrated into its service, designed to detect and mitigate costly, unreliable responses from enterprise AI models. Hallucinations, when generative AI large language models confidently provide false information, have long plagued the industry. For traditional models, it’s ...
Moderne and Diffblue team up to use AI for faster, more cost-effective app modernization
Automated code refactoring company Moderne Inc. and artificial intelligence-powered unit test writing agent developer Diffblue Ltd. today announced a partnership to deliver an integrated solution for enterprise application modernization. By joining forces, the two companies aim to help large organizations will be able to upgrade and modernize applications based on extremely large codebases with greater ...
Family uses AI video in court to allow deceased victim to give impact statement
In what is a first in Arizona judicial history, possibly nationwide, artificial intelligence has brought a lifelike rendering of a deceased victim for an impact statement during a sentencing hearing. Christopher Pelkey, 37, was killed in a road rage incident in Chandler in 2021. Last week, his killer was sentenced to 10.5 years in prison ...
Coinbase to acquire major crypto derivatives platform Deribit for $2.9B
Coinbase Inc. today announced it will acquire Dubai-based Deribit, a leading global cryptocurrency derivatives exchange, in a deal valued at $2.9 billion. Once sealed, this will become the largest acquisition in the crypto industry to date. It’s expected to close by the end of 2025 pending regulatory approval. According to the announcement, it consists of ...
WisdomAI launches with $23M to bring agentic AI insights to business
Wisdom AI Inc., an artificial intelligence-powered business insights platform that uses AI agents to provide a deep understanding of company data, launched Wednesday with $23 million in seed funding led by Coatue Ventures. Madrona, GTM Capital, The Anthology Fund, U First Capital and Latitude Capital also participated in the funding round. The company says it ...
Mistral AI adds Medium 3 to its family of models, claiming low cost and high performance
Paris-based artificial intelligence startup Mistral AI today announced the release of a new model, Mistral Medium 3, which the company said outperforms competitors at significantly lower cost. The company also introduced a new version of its AI assistant for enterprise customers, Le Chat Enterprise, powered by Medium 3, featuring enterprise search, agent building and tool ...