Samsung Electronics has acquired Oxford Semantic Technologies, a British AI startup, to enhance its AI-driven personalization features across its device ecosystem. The startup, founded by Oxford University professors in 2017, specializes in knowledge graph technology that emulates human reasoning. The acquisition aims to improve on-device AI on Samsung smartphones.

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CytoReason, an Israeli AI tech startup, raised $80 million in a private funding round led by Nvidia and Pfizer, with additional participation from Thermo Fisher and OurCrowd. The funding will fuel the expansion of its AI drug discovery platform, broadening its disease models into new therapeutic areas and enhancing its molecular and clinical data repository. The startup plans to open a new office in Cambridge, Massachusetts, later this year.

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Andrej Karpathy, a founding member of OpenAI and former Tesla engineer, launched Eureka Labs, an AI-integrated education platform startup. The startup's flagship product is LLM101n, an undergraduate-level course designed to help students train their own AI models. The course will be available online, with plans to offer it globally.

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SymphonyAI, a profitable AI startup, is planning to go public in the second half of 2025, with a revenue run rate of $500 million and 25% revenue growth. CEO Sanjay Dhawan revealed the company is in discussions with banks for the IPO, which aims to provide liquidity for executives and employees, and secure additional capital for future mergers and acquisitions.

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Samsung is set to launch an upgraded version of its voice assistant, Bixby, later this year, which will leverage its own artificial intelligence models. The new Bixby will incorporate Samsung's large language model, a sophisticated AI framework developed in-house. TM Roh, head of Samsung's mobile division, made the announcement in an interview with CNBC.

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

DeepL, a German AI translation startup, launched traditional Chinese as a new language option, expanding its presence in the Asian market. The launch follows a $300 million funding round in May, which pushed its valuation to $2 billion. The startup already offers Japanese and Korean on its platform and aims to tap into the significant market in Taiwan and Hong Kong, pivotal centers for technology and finance.

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OpenAI, a company valued at $80 billion, is facing a potential $5 billion loss this year due to the high operating costs of its popular generative AI chatbot, ChatGPT. The report suggests that the company may deplete its cash reserves within the next 12 months, requiring additional funding to stay afloat.

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

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