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Decentralized protocol leaders join forces to launch HumanAIx AI infrastructure alliance
OORT, a decentralized blockchain-based cloud computing platform for artificial intelligence, today announced the launch of HumanAIx, a global alliance for decentralized protocols to build better AI infrastructure. HumanAIx will be an open protocol where partners will connect together, each contributing a critical component – validation, storage, compute and data — to form a decentralized AI ...
Augury raises $75M for AI-driven industrial equipment health and repair process optimization
Israel-based Augury Inc., a provider of internet of things sensors and artificial intelligence to predict machine repairs, today announced it has raised $75 million in a late-stage funding round. Lightrock led the Series F round, with returning investors participating including Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures, Lerer Hippeau Ventures and ...
British legaltech startup Luminance raises $75M for contract AI assistant
London-based legal artificial intelligence startup Luminance Technologies Ltd. today announced it has raised $75 million in a Series C funding round led by Point72 Investments. The funding for Luminance comes amid a flurry of investments directed at AI legaltech startups and businesses. New investors Forestay Capital, RPS Ventures and Schroders Capital participated in the round, ...
Elon Musk’s xAI unveils Grok-3 with advanced reasoning capabilities
Elon Musk’s xAI Corp. late Monday night announced the launch of Grok-3, the latest in the company’s family of large language models. The company says the AI model is a significant leap in power over its previous Grok-2 LLM that includes “reasoning models” to mimic human thinking. During a livestream announcement, xAI researchers said that ...
AI-driven critical infrastructure cybersecurity startup Dream raises $100M at $1.1B valuation
Dream, an artificial intelligence startup that provides cybersecurity to governments and critical infrastructure, said today it has raised $100 million in early-stage funding at a $1.1 billion valuation. The round was led by Bain Capital Venture, and other investors participating in the Series B round included Group 11, Tru Arrow, Tau Capital and Aleph. The ...
Legal AI startup Eudia launches with $105M to bring AI agents to legal teams
Eudia, an artificial intelligence startup for in-house corporate legal teams, launched Thursday with up to $105 million in early-stage funding to bring the power of AI agents to the legal industry. The Series A round was led by General Catalyst with participation from Floodgate, Sierra Ventures, Hakluyt Capital, Defy, Everywhere Ventures, B3 Capital, Backbone and ...
SpotDraft raises $54M to help legal teams manage contracts with AI
SpotDraft, which makes an artificial intelligence-powered platform for contract lifecycle management, announced Wednesday it has raised $54 million in a Series B funding led by Vertex Growth and Trident Partners. The company provides a tool for corporate legal teams to manage all aspects of contracting using AI to do the laborious knowledge work. This includes ...
AI-powered humanoid robotics company Apptronik raises $350M
Apptronik Inc., the maker of artificial intelligence-powered humanoid robots, today announced it has raised an early-stage $350 million funding round to advance the development of its next-generation robot Apollo. The Series A round was co-led by B Capital and Capital Factory with participation from Google. Humanoid robots have continued to lead industry interest with their ...
SAP announces Databricks partnership to power AI with Business Data Cloud
Enterprise software giant SAP SE today debuted the Business Data Cloud, a new data solution that unifies all SAP data and third-party data throughout an organization to provide a foundation for insights and artificial intelligence applications. The company also announced a partnership with enterprise data processing and AI company Databricks Inc. The collaboration natively embeds ...
Adobe launches commercially safe AI video model for creative professionals
Creative software developer Adobe Inc. today launched into public beta test a new generative artificial intelligence video model, which the company claims is the first commercially safe AI video creation model on the market. It’s available in a new version of the company’s Firefly web application, which offers a suite of professional-grade creative tools, allowing ...
