Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to […]
Anthropic is launching a program to fund the development of new types of benchmarks capable of evaluating the performance and impact of AI models, including generative models like its own Claude. Unveiled on Monday, Anthropic’s program will dole out grants to third-party organizations that can, as the company puts it in a blog post, “effectively
Anthropic looks to fund a new, more comprehensive generation of AI benchmarks Read More »
India is very far from the “uncanny valley” of San Francisco, but it has a massive trove of engineering talent, and some of those people are hopping on the train and turning into founders and builders of AI startups. The story of the AI startup ecosystem in India today is reminiscent of the early days
Here are India’s biggest AI startups based on how much money they’ve raised Read More »
One of the selling points of Google’s flagship generative AI models, Gemini 1.5 Pro and 1.5 Flash, is the amount of data they can supposedly process and analyze. In press briefings and demos, Google has repeatedly claimed that the models can accomplish previously impossible tasks thanks to their “long context,” like summarizing multiple hundred-page documents
Gemini’s data-analyzing abilities aren’t as good as Google claims Read More »
Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders
Amazon hires founders away from AI startup Adept Read More »
AI big shot Andrew Ng’s AI Fund, a startup incubator that backs small teams of experts looking to solve key problems using AI, plans to raise upward of $120 million for its second effort. A filing with the SEC shows that the AI Fund’s second fund, AI Venture Fund II, has so far amassed $69.75
Andrew Ng plans to raise $120M for next AI Fund Read More »
The generative AI boom is driving the demand for AI chips, which are purpose-built to train and run generative AI models. And major players, from VCs to startups, are scrambling to get in on the ground floor. SoftBank’s Masayoshi Son is reportedly looking to raise $100 billion for a chip initiative that would compete with
Axelera lands new funds as the AI chip market heats up Read More »
AI “agents” are generative AI models that can perform actions autonomously, like copying info from an email and pasting it into a spreadsheet, and have been hailed as productivity superchargers. That might be a bit premature, given models’ tendency to make mistakes. But at least a few founders (and analysts and investors) seem convinced that
Orby is building AI agents for the enterprise Read More »
Hiya, folks, and welcome to TechCrunch’s regular AI newsletter. This week in AI, music labels accused two startups developing AI-powered song generators, Udio and Suno, of copyright infringement. The RIAA, the trade organization representing the music recording industry in the U.S., announced lawsuits against the companies on Monday, brought by Sony Music Entertainment, Universal Music
This Week in AI: The fate of generative AI is in the courts’ hands Read More »
Formation Bio, a startup focused on applying AI to drug development with backing from OpenAI CEO Sam Altman, has raised over a quarter-billion dollars to support its ambitious product roadmap. Formation announced Wednesday that it raised $372 million in a Series D funding round led by Andreessen Horowitz with participation from drug maker Sanofi, Sequoia,
Formation Bio raises $372M to boost drug development with AI Read More »
