Investments in generative AI startups — those that are creating AI-powered products to generate text, audio, video and more — aren’t slowing down. But they’re being consolidated into a shrinking number of early-stage ventures. In the first half of 2023, from January to July 16, 225 startups raised $12.3 billion from VCs, according to Crunchbase […]
VCs are still pouring billions into generative AI startups Read More »
When you see the mythical Ouroboros, it’s perfectly logical to think, “Well, that won’t last.” A potent symbol — swallowing your own tail — but difficult in practice. It may be the case for AI as well, which, according to a new study, may be at risk of “model collapse” after a few rounds of
‘Model collapse’: Scientists warn against letting AI eat its own tail Read More »
Content creators are busy people. Most spend more than 20 hours a week creating new content for their respective corners of the web. That doesn’t leave much time for audience engagement. But Mark Zuckerberg, Meta’s CEO, thinks that AI could solve this problem. In an interview with internet personality Rowan Cheung, Zuckerberg laid out his
Mark Zuckerberg imagines content creators making AI clones of themselves Read More »
Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million in a Series C round led by GV, Google’s corporate venture arm. The tranche, which also had participation from heavy-hitting angels and VCs OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil and SV Angel, brings Harvey’s total raised to
OpenAI-backed legaltech startup Harvey raises $100M Read More »
Meta’s latest open-source AI model is its biggest yet. Today, Meta said it is releasing Llama 3.1 405B, a model containing 405 billion parameters. Parameters roughly correspond to a model’s problem-solving skills, and models with more parameters generally perform better than those with fewer parameters. At 405 billion parameters, Llama 3.1 405B isn’t the absolute
Meta releases its biggest ‘open’ AI model yet Read More »
Meta AI, Meta’s AI-powered assistant across Facebook, Instagram, Messenger, and the web, can now speak in more languages and create stylized selfies. And, starting today, Meta AI users can route questions to Meta’s newest flagship AI model, Llama 3.1 405B, which the company says can handle more complex queries than the previous model underpinning Meta
Meta AI gets new ‘Imagine me’ selfie feature Read More »
Adobe released new Firefly tools for Photoshop and Illustrator on Tuesday, offering graphic designers more ways to use the company’s in-house AI models. Adobe’s new features let creative workers describe what they want with brief prompts, and receive AI generated textures or images that could otherwise take hours to create. As Adobe doubles down on
Adobe releases new Firefly AI tools for Illustrator and Photoshop Read More »
Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu. Bloomberg says that the round, which also had participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, values Toronto-based Cohere at $5.5 billion. That’s more than double
Cohere raises $500M to beat back generative AI rivals Read More »
Meta has suspended the use of its AI assistant after Brazil’s National Data Protection Authority (ANPD) banned the company from training its AI models on personal data from Brazilians. The move puts a dent in Facebook’s attempt to build out its AI products in Brazil, a market with more than 200 million people. As cited
Meta puts a halt to training its generative AI tools in Brazil Read More »
After years of dominance by the form of AI known as the transformer, the hunt is on for new architectures. Transformers underpin OpenAI’s video-generating model Sora, and they’re at the heart of text-generating models like Anthropic’s Claude, Google’s Gemini and GPT-4o. But they’re beginning to run up against technical roadblocks — in particular, computation-related roadblocks. Transformers aren’t especially
TTT models might be the next frontier in generative AI Read More »
