Tag Archives: artificial intelligence

By the company’s estimates, its first models for text-based generative AI will be released by 2024. Four-week-old artificial intelligence (AI) startup, Mistral AI, has raised $113 million in seed funding. The round was led by Lightspeed Venture Partners and saw participation from JCDecaux Holding, Motier Ventures, and Rodolphe Saadé in France. International VCs such as Exor Ventures from Italy, Belgium’s Sofina, and many others also partook in the round. The seed round has now brought the...

Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes...

OpenAI CEO Sam Altman expresses his positive outlook on the prospects of global AI coordination, emphasizing the need for collaboration and cooperation among nations. Sam Altman, the CEO of the trendy OpenAI chatbot, ChatGPT, in a series of recent interviews, has shared his optimism regarding the global coordination of artificial intelligence (AI) efforts. Serving as the prominent representative of this innovative startup, supported by the influential Microsoft Corp, the CEO has embarked...

Meta will work towards making these AI capabilities accessible to people. Mark Zuckerberg recently revealed that Meta (NASDAQ: META) has been experiencing “incredible breakthroughs” in its use of generative artificial intelligence (AI). Like many other tech giants, Meta is also in the middle of the AI race, which has become the latest evolution in the market. Not only tech companies, but different organizations across diverse fields have also started adopting AI in the latest...

Through its privacy commission, Japan issued a warning and threatened to take action against OpenAI if it violates any privacy regulation. Japan’s privacy agency has announced it issued a warning to OpenAI on using or collecting user data. The Personal Information Protection Commission (PPC) urged the ChatGPT creator to only collect sensitive information with consent from users. In the statement, the privacy watchdog suggests it is currently not investigating OpenAI for any breach of...

Public testing of Alibaba’s Tongyi Qianwen is now underway in China as the company hopes to finetune the AI and fully release it later. Alibaba has started rolling out Tongyi Qianwen, an artificial intelligence model application that will rival OpenAI’s ChatGPT. Tongyi Qianwen is a large language model (LLM) Alibaba intends to integrate with a digital assistant named Tongyi Tingwu. According to Alibaba, Tongyi Tingwu is an AI assistant offering users a wide range of services, including...

According to GetYourGuide, the funds raised will be used to invest in AI including the integration of Large Language Models (LLMs) into its platform. German online travel experience service provider GetYourGuide has announced it has raised the sum of $194 million from both new and old investors as it looks to double down on growing demand for travel experiences and the new buzz in Artificial Intelligence (AI). As reported by CNBC, the company, the funding was pulled in two major ways,...

China Telecom has noted that the establishment of a quantum tech hub is in line with President Xi Jinping’s long-term tech adoption. China Telecom Corp Ltd (Hong Kong: 728), a Chinese telecommunications company, has announced plans to venture into the supercomputer quantum industry to streamline its services. According to the company’s announcement through WeChat, up to 3 billion Yuan, approximately $434 million, will be used to establish the China Telecom Quantum Information Technology...

Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.  Foxconn has forecasted significant growth in its artificial intelligence (AI) server business due to robust demand. On Wednesday, the company’s Chairman, Young Liu, said revenue generated from its AI businesses would more than double this year. Liu credited the popularity of generative AI applications like ChatGPT for stoking interest in the sector. At Foxconn’s...

Chinese multinational tech company Baidu is launching a well-heeled fund to support AI development and growth.  Baidu (NASDAQ: BIDU) appears set to launch a 1-billion yuan ($145 million) venture capital artificial intelligence (AI) fund to support AI startups. Today, the Chinese tech giant announced its AI fund intentions alongside other related initiatives. In addition to supporting platforms focused on artificial intelligence-generated content, Baidu also plans to launch a contest...