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Google expands Vertex AI with video generator AI model Veo
Google LLC’s cloud division today announced that Veo, Google’s artificial intelligence model that can generate lifelike video from text or images, will be available in private preview for customers via Vertex AI. The company also said that Imagen 3, Google’s highest-quality text-to-image AI model, will be available to all Google Cloud customers globally on Vertex. ...
AI chip startup Tenstorrent raises $693M, deepening rivalry with Nvidia
Artificial intelligence chip making startup Tenstorrent Inc. with ambitions of taking on Nvidia Corp. today announced it closed more than $693 million in late-stage funding at a pre-money valuation of $2 billion. Samsung Securities and AFW Partners led the Series D funding round. The fundraise also attracted participation from many notable investors including XTX Markets, ...
Ritual and FLock.io collaborate on decentralized AI model development
Decentralized artificial intelligence infrastructure firm Ritual and blockchain-based federated AI model training project FLock.io, announced a partnership today to improve the development of decentralized AI models. As more AI companies join the industry, decentralized AI has become a trending topic as companies such as OpenAI and Google LLC dominate headlines. Decentralized networks allow users to ...
New startup named /dev/agents led by Ex-Google, Meta tech leaders raises $56M for AI agents
A new artificial intelligence startup co-founded by former Google LLC, Stripe Inc. and Meta Platforms Inc. executives named /dev/agents today announced it has raised $56 million in seed funding to build what it calls an operating system for AI agents. The funding was led by Index Ventures and co-led by CapitalG, Alphabet Inc.’s independent growth ...
AI-driven protein discovery platform Cradle raises $73M
Cradle Bio B.V., a platform that accelerates the discovery of proteins using generative artificial intelligence models, announced today that it has raised $73 million to expand its lab and workforce. The company’s Series B funding round was led by IVP with participation from previous investors Index Ventures and Kindred Capital. With today’s funding, Cradle has ...
Bending Spoons acquires video streaming firm Brightcove for $233M
Brightcove Inc., a cloud platform that helps businesses manage host, publish and deliver on-demand video, today announced that it’s being acquired by Italian mobile technology company Bending Spoons S.p.A. in a $233 million all-cash deal. According to the agreement, Brightcove shareholders will receive $4.46 per share in cash, representing a 90% premium over the company’s ...
Cloud management platform Emma raises $17M to scale infrastructure with demand
Emma Technologies, a cloud management platform that helps enterprise businesses optimize and scale their cloud infrastructure, said today it has raised $17 million in early financing to expand the company’s product development and fuel growth. The Series A funding round was led by Smartfin, a European venture capital firm, with participation from RTP Global and existing ...
Varjo launches Teleport, allowing users to capture any scene in VR with an iPhone
Varjo Technologies Oy, a Finnish maker of enterprise-grade virtual and mixed-reality hardware and software, today announced the launch of Teleport, a service that allows users to create high-resolution 3D environments for VR applications using only their smartphones. Recreating real-world scenes for VR from scans has always been a difficult task, requiring high-quality cameras and specialized ...
Wordware raises $30M to reimagine AI development as ordinary writing
Wordware, a San Francisco startup looking to make programming artificial intelligence agents as simple as writing ordinary English sentences, today announced it raised $30 million in seed funding led by Spark Capital. The investment also attracted participation from Felicis, Y-Combinator, Day One Ventures and notable angel investors such as Runway AI Inc. co-founder and Chief Executive ...
Rabbit launches ‘teach mode’ allowing people to create custom agents for its AI mobile device
Artificial intelligence startup Rabbit Inc., the maker of a low-cost AI consumer mobile device that fits in a pocket, today released a way for users to teach its AI assistant to take actions on their behalf on digital interfaces, starting with websites. The new system, called “teach mode,” is being released in beta testing. It ...