Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $6.6 billion round.) And $2.9 billion of that funding went to U.S.-based […]
Investments in generative AI startups topped $3.9B in Q3 2024 Read More »
Midjourney is planning to release an upgraded web tool that’ll let users edit any uploaded images from the web using Midjourney’s generative AI. The upgraded tool, which Midjourney CEO David Holtz said will be released “early next week,” will also allow users to retexture objects in images to “repaint” their colors and details according to
Midjourney plans to let anyone on the web edit images with AI Read More »
Anthropic, the AI vendor second in size only to OpenAI, has a powerful family of generative AI models called Claude. These models can perform a range of tasks, from captioning images and writing emails to solving math and coding challenges. With Anthropic’s model ecosystem growing so quickly, it can be tough to keep track of
Claude: Everything you need to know about Anthropic’s AI Read More »
On Wednesday, social network X (formerly Twitter) updated its Privacy Policy to indicate that it would allow third-party “collaborators” to train their AI models on X data, unless users opt out. While X owner Elon Musk trained xAI’s Grok AI chatbot on X user data, leading to an investigation by the EU’s lead privacy regulator,
Hiya, folks, welcome to TechCrunch’s regular AI newsletter. If you want this in your inbox every Wednesday, sign up here. Last week, AWS lost a top AI exec. Matt Wood, VP of AI, announced that he’d be leaving AWS after 15 years. Wood had long been involved in the Amazon division’s AI initiatives; he was appointed
This Week in AI: AWS loses a top AI exec Read More »
French AI startup Mistral has released its first generative AI models designed to be run on edge devices, like laptops and phones. The new family of models, which Mistral is calling “Les Ministraux,” can be used or tuned for a variety of applications, from basic text generation to working in conjunction with more capable models
Mistral releases new AI models optimized for laptops and phones Read More »
David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D.
Support automation firm Capacity grows with new cash and acquisitions Read More »
In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at
Concourse is building AI to automate financial tasks Read More »
Is it possible for an AI to be trained just on data generated by another AI? It might sound like a harebrained idea. But it’s one that’s been around for quite some time — and as new, real data is increasingly hard to come by, it’s been gaining traction. Anthropic used some synthetic data to
The promise and perils of synthetic data Read More »
Anthropic CEO Dario Amodei wants you to know he’s not an AI “doomer.” At least, that’s my read of the “mic drop” of a ~15,000 word essay Amodei published to his blog late Friday. (I tried asking Anthropic’s Claude chatbot whether it concurred, but alas, the post exceeded the free plan’s length limit.) In broad
Anthropic CEO goes full techno-optimist in 15,000-word paean to AI Read More »
