If there was any doubt, the generative AI bubble didn’t burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide […]
Generative AI funding reached new heights in 2024 Read More »
The list of flagship AI models that missed their promised launch windows continues to grow. Last summer, billionaire Elon Musk, the founder and CEO of AI company xAI, said that Grok 3, xAI’s next major AI model, would arrive by “end of year” 2024. Grok, xAI’s answer to models like OpenAI’s GPT-4o and Google’s Gemini,
xAI’s next-gen AI model didn’t arrive on time, adding to a trend Read More »
Back in May, OpenAI said it was developing a tool to let creators specify how they want their works to be included in — or excluded from — its AI training data. But 7 months later, this feature has yet to see the light of day. Called Media Manager, the tool would “identify copyrighted text,
OpenAI failed to deliver the opt-out tool it promised by 2025 Read More »
When a company releases a new AI video generator, it’s not long before someone uses it to make a video of actor Will Smith eating spaghetti. It’s become something of a meme as well as a benchmark: Seeing whether a new video generator can realistically render Smith slurping down a bowl of noodles. Smith himself
Will Smith eating spaghetti and other weird AI benchmarks that took off in 2024 Read More »
Earlier this week, DeepSeek, a well-funded Chinese AI lab, released an “open” AI model that beats many rivals on popular benchmarks. The model, DeepSeek V3, is large but efficient, handling text-based tasks like coding and writing essays with ease. It also seems to think it’s ChatGPT. Posts on X — and TechCrunch’s own tests —
Why DeepSeek’s new AI model thinks it’s ChatGPT Read More »
A Chinese lab has created what appears to be one of the most powerful “open” AI models to date. The model, DeepSeek V3, was developed by the AI firm DeepSeek, and was released on Wednesday under a permissive license that allows developers to download and modify it for most applications, including commercial ones. DeepSeek V3
DeepSeek’s new AI model appears to be one of the best ‘open’ challengers yet Read More »
Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions 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 »
xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn’t reveal their identities). xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions Read More »
AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as
Perplexity has reportedly closed a $500M funding round Read More »
