Generative AI

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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Data lakehouse Onehouse nabs $35M to capitalize on GenAI revolution

Fundraising /

You can barely go an hour these days without reading about generative AI. While we are still in the embryonic phase of what some have dubbed the “steam engine” of the fourth industrial revolution, there’s little doubt that “GenAI” is shaping up to transform just about every industry — from finance and healthcare to law

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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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Opera’s browser adds AI-powered image generation and better multimedia controls

Apps /

Opera said today it is releasing Opera One’s second version in developer beta with features such as new multimedia controls, split tabs, and new AI capabilities. The company is introducing new themes and design elements to give Opera One R2 a fresh look. Opera has traditionally placed the multimedia controls on the sidebar. But with

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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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Etched is building an AI chip that only runs one type of model

Hardware /

As generative AI touches a growing number of industries, the companies producing chips to run the models are benefitting enormously. Nvidia in particular, which commands an estimated 70% to 95% of the market for AI chips, wields massive influence. Cloud providers from Meta to Microsoft are spending billions of dollars on Nvidia GPUs, wary of

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