Mercor, an AI-powered hiring platform startup, was founded by 21-year-old Thiel Fellows Adarsh Hiremath, Brendan Foody, and Surya Midha. The platform uses advanced algorithms to sift through profiles, conduct personalized interviews, and match candidates with job opportunities, aiming to reduce bias and inefficiencies in the traditional hiring process.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

BlackRock and Microsoft are launching a $30 billion fund to invest in artificial intelligence infrastructure, including data centers and energy projects. The Global AI Infrastructure Investment Partnership aims to address the immense power and digital infrastructure challenges AI development is expected to encounter as it scales. The initiative will raise up to $30 billion in equity investments and up to $70 billion in additional debt financing.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Cybord, an Israeli AI startup, has raised $8.7 million to develop a comprehensive detection method for counterfeit electronic components. The industry loses around $580 billion annually due to counterfeit parts, which can cause critical failures in devices like MRI machines, missiles, satellites, and aircraft. The current detection methods are not sufficient to catch all counterfeits, which may pass initial tests but fail under real-world conditions.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

The founders of Character.AI returned to Google DeepMind, while OpenAI co-founders John Schulman and Ilya Sutskever left the company, with Schulman joining Anthropic and Sutskever raising $1 billion for his new venture Safe Superintelligence. This marks a significant shift in the AI sector, with consolidation and reshuffling occurring as billions flow into generative AI ventures.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Fei-Fei Li, a prominent Stanford University professor, has raised $230 million for her new AI startup, World Labs, with investments from major players like Andreessen Horowitz, New Enterprise Associates, and Radical Ventures. The company aims to advance AI technology that comprehends the three-dimensional aspects of the physical world. Li, recognized by Time Magazine as one of the most influential figures in AI, has held key roles at Google Cloud and Twitter.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Samsung Electronics, the leading global producer of smartphones, TVs, and memory chips, plans to cut up to 30% of its overseas workforce in certain divisions, affecting sales and marketing teams by roughly 15% and administrative staff by up to 30%. The cuts are expected to be completed by the end of the year. This move joins a growing list of tech companies cutting staff this year, including Cisco, which revealed plans for another round of layoffs affecting thousands of employees.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Glean, an artificial intelligence search startup, has raised $260 million in Series E funding, increasing its valuation to $4.6 billion. The round was led by Altimeter and DST Global, with continued support from several other investors. The company has introduced new features allowing users to craft multi-step prompts in natural language, eliminating the need for coding expertise. Founded in 2019 by CEO Arvind Jain and former Google engineers, Glean's total funding now stands at over $600 million.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/

Berlin-based deep-tech startup Key Ward has emerged from stealth mode with €1 million in pre-seed funding from Wellstreet and industry veterans. The company plans to expand its technology globally to become the leading platform for engineers seeking to improve and accelerate their design processes. Key Ward offers a no-code SaaS platform for engineering teams in industries like automotive and aerospace to easily integrate AI and manage compliance.

Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/