AI

Gemini’s data-analyzing abilities aren’t as good as Google claims

AI /

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 […]

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Amazon hires founders away from AI startup Adept

AI /

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

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This Week in AI: The fate of generative AI is in the courts’ hands

AI /

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

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Formation Bio raises $372M to boost drug development with AI

Biotech & Health /

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,

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Stability AI lands a lifeline from Sean Parker, Greycroft

AI /

Stability AI, the beleaguered generative AI startup behind Stable Diffusion, has raised new cash. But it won’t reveal how much. Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O’Shaughnessy Ventures and angel investors Prem Akkaraju, Napster founder Sean Parker, Eric Schmidt and Robert Nelsen have injected fresh capital into Stability, the company revealed Tuesday morning

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EvolutionaryScale, backed by Amazon and Nvidia, raises $142M for protein-generating AI

Biotech & Health /

A relatively new startup called EvolutionaryScale has secured a massive tranche of cash to build AI models to generate novel proteins for scientific research. EvolutionaryScale today announced that it raised $142 million in a seed round led by ex-GitHub CEO Nat Friedman, Daniel Gross and Lux Capital with participation from Amazon and NVentures, Nvidia’s corporate

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