AI

Encord lands new cash to grow its data labeling tools for AI

Labeling and annotation platforms might not get the attention flashy new generative AI models do. But they’re essential. The data on which many models train must be labeled, or the models wouldn’t be able to interpret that data during the training process. Annotation is a vast undertaking, requiring thousands to millions of annotations for the […]

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SEC charges crypto firm NovaTech with fraud

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme — one that lured investors

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OpenAI adds a Carnegie Mellon professor to its board of directors

OpenAI has announced a new appointment to its board of directors: Zico Kolter. Kolter, a professor and director of the machine learning department at Carnegie Mellon, predominantly focuses his research on AI safety. This makes him an “invaluable technical director for [OpenAI’s] governance,” OpenAI writes in a post on its official blog. AI safety has

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Mechanical Orchard, led by ex-Pivotal CEO, scores $50 million round led by Alphabet’s GV

Digital transformation — the process of transforming outdated apps and processes with cloud technologies and digital workflows — can be a risky undertaking. In 2023, Harvard Business Review reported that while 89% of large companies have a digital and AI transformation underway, they’ve only captured 31% of the expected revenue uplift and 25% of anticipated

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Hyperspace is building custom instances to accelerate database searches

The growth in the demand for generative AI apps has led to a need for larger and larger databases to store the associated data (e.g. model training data). These databases tend to be resource-intensive from a hardware perspective and depending on the algorithms used to orchestrate them, they can be high-latency. Often, companies are forced

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