### Title Lex raises $2.75M in seed funding for its AI writing tool ### Important Facts - Lex, an AI-powered writing tool, has raised a $2.75 million seed round led by True Ventures. - The company has been spun out of Every, which was co-founded by Lex's CEO Nathan Baschez. - Lex is described as a "modern writing platform" that incorporates AI technology. ### Secondary Facts - The use of AI in writing tools is seen as a continuation of the ongoing improvements to the practice of writing.

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

### Title Apptronik's humanoid robot, Apollo: The Rise of Humanoid Robots ### Important Facts - 🤖 The rise of humanoid robots has been accelerated over the past year and change. - 🌐 Decades of research in research facilities and R&D departments laid the groundwork for a new generation of technology. - 💡 Innovations in industrial robotics, autonomous driving, and the smartphone industry have driven advancements in software and components. ### Secondary Facts - ⏰ The rise of humanoid robots didn't happen overnight. - 🔄 The necessary software and components have come a long way.

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

### Title Wand.app secures $4.2M funding to enhance its AI-powered creative tool for artists ### Important Facts - 💰 Wand.app has raised $4.2 million in seed funding led by O’Shaughnessy Ventures. - 🎨 The AI-powered creative tool allows artists to manually customize and visualize their ideas. - 🌐 Unlike other AI-powered tools, Wand.app offers more control over generated content. - 🖌️ It combines visual tools and personalization to bridge the gap between artist vision and AI-generated content. ### Secondary Facts - 🔬 The funding will be used to scale the capabilities of Wand.app. - 👥 O’Shaughnessy Ventures is the leading investor in the seed funding round.

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

### Title ElevenLabs Launches Voice-Generating Tools with Support for Over 30 Languages ### Important Facts - 🚀 ElevenLabs has launched its voice-generating platform out of beta. - 🌐 The platform now supports more than 30 languages. - 💻 Using an in-house AI model, ElevenLabs can automatically identify languages like Korean, Dutch, and Vietnamese. - 🗣️ The tools are capable of generating "emotionally rich" speech in multiple languages. ### Secondary Facts - 🔬 The AI model used by ElevenLabs was developed in-house. - 🌍 The platform gained popularity as a viral AI-powered platform for creating synthetic voices.

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

### Title OpenAI introduces fine-tuning to GPT-3.5 Turbo ### Important Facts - OpenAI customers can now use custom data with GPT-3.5 Turbo. - This allows for improved reliability and specific behaviors in the text-generating AI model. - Fine-tuned versions of GPT-3.5 can match or outperform GPT-4 on certain narrow tasks. ### Secondary Facts - None

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

### Title IBM uses AI to convert COBOL code into Java ### Important Facts - 📅 COBOL is one of the oldest programming languages, dating back to around 1959. - 💻 Over 800 billion lines of COBOL are currently in use on production systems. - 🔀 IBM is leveraging artificial intelligence (AI) technology for translating COBOL code to Java. ### Secondary Facts - 🔄 The number of lines of COBOL in use has increased from an estimated 220 billion in 2017. - 🖥️ COBOL is known as Common Business Oriented Language.

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

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

### Title Private equity firm Trive Capital acquires AI company Hypergiant Industries ### Important Facts - 🏢 Private equity firm Trive Capital has acquired AI company Hypergiant Industries. - 💰 The deal will provide capital to Hypergiant Industries for faster growth. - 🌎 Hypergiant Industries is based in Texas. - 🔒 The terms of the deal were not disclosed. ### Secondary Facts - 🗞️ The news was revealed in an interview with Hypergiant CEO Mike Betzer. - 🤝 Trive Capital aims to support Hypergiant Industries' expansion.

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

### Title Meta releases AI model SeamlessM4T for transcribing and translating 100 languages ### Important Facts - 🌍 Meta has developed an AI model called SeamlessM4T that can translate and transcribe close to 100 languages across text and speech. - 🎙️ SeamlessM4T is a significant breakthrough in the field of AI-powered speech-to-speech and speech-to-text. - 💻 The AI model, along with the translation data set SeamlessAlign, is available in open source. ### Secondary Facts - 🔬 Meta's goal is to develop AI that can understand various dialects. - 📚 SeamlessM4T represents a major advancement in language translation technology.

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

### Title Relume, a bootstrapped AI web builder, chooses product focus over venture capital ### Important Facts - 💼 Relume is an AI web builder that has chosen to bootstrap instead of seeking venture capital funding. - 💰 The current wave of generative AI breakthroughs has attracted $14 billion in equity funding as of August this year. - 🚀 Relume believes that bootstrapping allows them to build a better product and prioritize customer satisfaction. - 👥 Dan Anisse is the co-founder of Relume and emphasizes the importance of focusing on building a product that can generate revenue. ### Secondary Facts - 🌐 Figma and Webflow are two platforms that Relume aims to supercharge with its AI capabilities. - 📅 Relume was launched in November 2021.

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