### Title Prolific raises $32M to expand its AI training and stress-testing platform ### Important Facts - π° London startup Prolific secures Β£25 million ($32 million) in funding - π§ Prolific uses a network of 120,000 human participants to train and stress-test AI models - π The system helps prevent AI from going in the wrong direction due to insufficient data - π Funding will be used to scale up Prolific's operations - π₯ Demand for Prolific's services drives the successful fundraising round ### Secondary Facts - π― AI-based systems often fail when trained on inadequate or unreliable data - β¨ Prolific's platform aims to address this issue by leveraging human input - βοΈ The startup believes that deep, wide, and reliable data is crucial for effective AI models
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 11:29:36 PM |
### Title Overcoming Barriers to AI Adoption in Companies ### Important Facts - π AI has the potential to lighten workload and improve task execution. - π Creating an AI-friendly company culture is challenging. - π Every company needs to consider integrating AI into their team. ### Secondary Facts - π‘ Employees often express a desire for more time or assistance with their work. - π‘ Making AI a seamless extension of a team requires effort and planning.
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 08:39:32 PM |
### Title Shutterstock expands partnership with OpenAI for generative AI tools ### Important Facts - π Shutterstock plans to expand its existing deal with OpenAI - π€ Over the next six years, OpenAI will license data from Shutterstock including images, videos, music, and metadata - π‘ Shutterstock gains "priority access" to OpenAI's latest technology and new editing capabilities - πΌοΈ Customers of Shutterstock can transform images in the stock content library using OpenAI's editing capabilities ### Secondary Facts - π The expanded partnership aims to provide training data for OpenAI's AI models - π» OpenAI benefits from accessing a wide range of media assets from Shutterstock
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 05:59:32 PM |
### Title Sapphire Ventures to invest $1B in enterprise AI startups ### Important Facts - π° Sapphire Ventures plans to invest over $1 billion in AI-related enterprise startups - π The investment demonstrates the strong appetite among investors for cutting-edge AI tech ### Secondary Facts - None
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 04:29:32 PM |
### Title A Comprehensive Guide to Artificial Intelligence ### Important Facts - π The news provides an overview of artificial intelligence, breaking down the jargon and explaining its major players. - π It emphasizes the importance of staying up-to-date with the latest AI news. - π‘ The article aims to provide readers with everything they need to know about AI. ### Secondary Facts - ποΈ The news is titled "Age of AI: Everything you need to know about artificial intelligence." - π° The body of the news repeats the title and adds that it will break down the jargon and provide an overview.
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 04:19:33 PM |
### Title Raft raises $30M in Series B funding led by Eight Roads VC ### Important Facts - π° Raft, a company that provides services to freight forwarders, has closed a $30 million Series B funding round. - π’ The digitization of the freight industry experienced significant growth during the pandemic. - πΈ Other companies in the freight logistics sector have also raised substantial amounts of funding: Forto ($600 million), Nuvocargo ($75 million), Zencargo ($66 million), and Freightify ($14.5 million). ### Secondary Facts - π Raft's funding round was led by Eight Roads VC. - π All the mentioned companies are associated with streamlining and digitizing freight logistics.
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 04:09:39 PM |
### Title Vellum.ai raises $5M in seed funding as demand for generative AI services grows ### Important Facts - π° Vellum.ai has closed a $5 million seed round of funding - π The company is experiencing increased demand for its generative AI services - πΌ The lead investor in the round remains undisclosed, but it is a multi-stage firm - π‘ Rebel Fund, Eastlink Capital, Pioneer Fund, Y Combinator, and several angels participated in the funding round ### Secondary Facts - π Vellum.ai declined to disclose the identity of its lead investor - π₯ Multiple investors, including Rebel Fund, Eastlink Capital, Pioneer Fund, Y Combinator, and angel investors, contributed to the funding round
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 03:59:37 PM |
### Title VC firm uses personality tests and AI to find investments ### Important Facts - π€ VC firm utilizes personality tests and AI for investment decisions - πΌ The fund has no carry, meaning investors do not pay fees on profits - β° Technology helps save time in the investment process ### Secondary Facts - πΈ Investors are investing in AI startups - β Investment decisions are not solely based on AI technology
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 03:09:32 PM |
### Title Anthropic releases Claude 2, its second-generation AI chatbot ### Important Facts - π Anthropic, an AI startup co-founded by ex-OpenAI executives, has launched Claude 2, a new text-generating AI model. - π Claude 2 is available in beta in the U.S. and U.K., both on the web and through a paid API (with limited access). - π° The pricing for the API remains unchanged at approximately $0.0465 per 1,000 words generated. - πΌ Jasper, a generative AI platform, and Sourcegraph are among the businesses piloting Claude 2. ### Secondary Facts - π Claude 2 is the successor to Anthropic's first commercial model. - π§ͺ Several businesses have already started testing Claude 2, indicating early interest in the technology.
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 01:39:32 PM |
### Title China's Baichuan Intelligence Releases Open-Source Language Model to Compete with OpenAI ### Important Facts - π Sogou founder Wang Xiaochuan aims to create a Chinese alternative to OpenAI. - π‘ Baichuan Intelligence, Wang's startup, introduces its next-generation large language model called Baichuan-13B. - π The open-source model is designed to rival OpenAI's language models. - πͺ Baichuan-13B represents China's effort to develop its own advanced AI technology. - π Baichuan Intelligence seeks to establish itself as a pioneer in the field of natural language processing. ### Secondary Facts - π₯ Wang Xiaochuan expressed his vision for a Chinese OpenAI on Weibo in February. - π Baichuan-13B's release brings Wang closer to realizing his dream. - π Baichuan Intelligence's language model contributes to the global competition in AI development. - π¨π³ China continues to invest in and promote domestic AI innovation. - π¬ Baichuan-13B demonstrates advancements in language modeling technology.
Source: https://techcrunch.com/category/artificial-intelligence/
2023-07-11 11:29:32 AM |