Safe Superintelligence (SSI), the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, has raised over $1 billion in capital from investors including NFDG (an investment partnership run by Nat Friedman and SSI CEO Daniel Gross), a16z, Sequoia, DST Global and SV Angel. SSI told Reuters that it plans to use the tranche to […]
Ilya Sutskever’s startup, Safe Superintelligence, raises $1B Read More »
Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, Jane Street,
Legal work is incredibly labor- and time-intensive, requiring piecing together cases from vast amounts of evidence. That’s driving some firms to pilot AI to streamline certain steps; according to a 2023 survey by the American Bar Association, 35% of law firms now use AI tools in their practice. OpenAI-backed Harvey is among the big winners
Supio brings generative AI to personal injury cases Read More »
Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all. According to one recent survey, a third of construction professionals found accessing documents to be a challenge in completing a project, while a fourth said that inaccurate project paperwork has contributed to a
The AI industry continues to release tons of new models, and companies looking to stay competitive are racing to adopt them for their purposes. In fact, nearly 10% of businesses plan to spend a whopping $25 million this year on AI initiatives, according to tech consulting firm Searce. But while lots of money is being
Eppo lands new cash to grow its app, website and AI experimentation business Read More »
Code reviews — peer reviews of code that help devs improve code quality — are time-consuming. According to one source, 50% of companies spend two to five hours a week on them. Without enough people, code reviews can be overwhelming and take devs away from other important work. Harjot Gill thinks that code reviews can be
CodeRabbit raises $16M to bring AI to code reviews Read More »
An AI social media vetting startup Ferretly has raised $2.5 million in seed funding and is launching a new platform designed to screen election personnel. Founded in 2019, Ferretly leverages AI to scan social media and publicly available online data to uncover potential risks and behaviors that traditional background checks may overlook. The startup is
EliseAI, a company developing a suite of AI-powered property management tools for landlords, has raised $75 million in a Series D round that values the startup at $1 billion. EliseAI is the brainchild of co-founder and CEO Minna Song, who met the company’s second co-founder, Tony Stoyanov, while the two were undergraduate students at Cambridge.
EliseAI lands $75M for chatbots that help property managers deal with renters Read More »
Labeling and annotation platforms might not get the attention flashy new generative AI models do. But they’re essential. The data on which many models train must be labeled, or the models wouldn’t be able to interpret that data during the training process. Annotation is a vast undertaking, requiring thousands to millions of annotations for the
Encord lands new cash to grow its data labeling tools for AI Read More »
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling
CloudPay, a payroll services provider, lands $120M in new funding Read More »
