### Title Nvidia's blockbuster quarterly results and market cap surge ### Important Facts - 💥 Nvidia exceeded earnings expectations in Q2 - 💰 Investors added tens of billions to Nvidia's market cap after the report ### Secondary Facts - 🏭 The race to build generative AI products is intensifying - 💻 Nvidia is valued at over $1 trillion - 📈 The Exchange explores startups, markets, and money

Source: https://techcrunch.com/category/artificial-intelligence/

### Title OpenAI partners with Scale AI to enable fine-tuning of GPT-3.5 models ### Important Facts - OpenAI collaborates with Scale AI to facilitate the customization of its AI models using custom data - The partnership aims to make it easier for developers, particularly enterprises, to fine-tune OpenAI's AI models - OpenAI is the AI startup responsible for ChatGPT, a popular AI-powered chatbot ### Secondary Facts - OpenAI plans to work with third-party vendors to achieve their goal of enabling fine-tuning of AI models - The collaboration between OpenAI and Scale AI will benefit companies seeking to leverage AI technology

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Hugging Face secures $235M in Series D funding round from investors including Salesforce and Nvidia ### Important Facts - 💰 Hugging Face, an AI startup, has raised $235 million in a Series D funding round. - 🤝 Investors in the funding round include Salesforce and Nvidia. ### Secondary Facts - 🔒 The news was first reported by The Information. - 👥 Salesforce CEO Marc Benioff seemingly verified the news on X (formerly known as Twitter).

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Meta open sources Code Llama, an AI model for generating and explaining code ### Important Facts - 🚀 Meta has released an open source AI model called Code Llama - 🧠 Code Llama is a machine learning system that can generate and explain code in English ### Secondary Facts - 💡 Meta aims to make a significant impact in the competitive generative AI space - 🔓 Code Llama follows the release of other AI models by Meta for text generation, language translation, and audio creation - 🌐 The generated code explanations are specifically in the English language

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Irreverent Labs, an AI video generator backed by a16z, secures funding from Samsung Next ### Important Facts - 🚀 Irreverent Labs, an AI video generator startup, has raised funding from Samsung Next. - 🌐 Generative artificial intelligence is gaining popularity for creating content like text, images, and videos. - 💰 The funding will help Irreverent Labs compete in the growing market of AI-powered chatbots, text-to-image generators, and video tools. ### Secondary Facts - 🤝 Irreverent Labs is backed by a16z, a prominent venture capital firm. - 🏢 Big Tech companies and startups worldwide are actively developing their own AI-powered content generation solutions.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Ikigai secures $25M investment to revolutionize data analysis with generative AI ### Important Facts - 💰 Ikigai has raised a $25 million investment. - 📊 The company aims to bring generative AI technology to tabular data analysis. - 🌐 Organizations struggle with using, organizing, and analyzing their data. - 🔢 By 2025, companies are expected to store 100 zettabytes of data in the cloud. - 📈 Only 13% of organizations currently deliver on their analytics and data strategy. ### Secondary Facts - 🧠 The investment will help Ikigai develop its generative AI platform. - 🏢 The MIT Technology Review Insights and Databricks conducted a survey on data analytics and strategy.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Google to enhance ads transparency and data access for researchers in compliance with EU digital rulebook ### Important Facts - 📢 Google is increasing the amount of information it provides about targeted ads in the European Union. - 🔍 The company is expanding data access to third-party researchers studying systemic content risks in the region. - 🌐 These actions are aimed at complying with the Digital Services Act (DSA) of the European Union. ### Secondary Facts - 💡 The measures announced by Google are part of its efforts to improve transparency and accountability. - 🚀 The EU's Digital Services Act aims to regulate online platforms and strengthen user rights.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title The Need for Explainable AI Systems ### Important Facts - 📰 Engineers are expected to provide explanations for their work, but the same standards don't apply to AI systems. - 🤖 AI systems are making crucial decisions that impact people's lives. - 🧠 AI systems can suffer from "black-box hallucinations" where they generate incorrect or nonsensical outputs. ### Secondary Facts - 💡 The author recalls how teachers would dock points if students didn't show their work in math problems. - ⚙️ The lack of explainability in AI systems raises concerns about trustworthiness.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Naver Launches HyperCLOVA X, a New Generative AI Tool ### Important Facts - 🚀 Naver, the South Korean internet search company, has introduced its own generative artificial intelligence tool called HyperCLOVA X. - 💬 HyperCLOVA X includes an AI chatbot named CLOVA X and a generative AI-based search engine called Cue. - 💻 The large language model (LLM) of HyperCLOVA X offers services similar to ChatGPT and Microsoft Bing. ### Secondary Facts - 🔍 Naver is a prominent internet giant in Korea. - 🌐 HyperCLOVA X aims to provide advanced AI services to users.

Source: https://techcrunch.com/category/artificial-intelligence/

Source: https://techcrunch.com/category/artificial-intelligence/