SCRGenerative AI platform Writer has raised $200 million in Series C funding at a $1.9 billion valuation. As reported by Kyle Wiggers for TechCrunch, the round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from major tech investors including Salesforce and Adobe Ventures. The company, founded in 2020 by May Habib …
A San Francisco-based startup Fastino has unveiled new task-optimized AI models that run efficiently on standard CPUs without requiring expensive GPUs. As reported by Sean Michael Kerner, the company has secured $7 million in pre-seed funding from investors including Microsoft’s Venture Fund M12 and Insight Partners. Fastino’s models differ from traditional large language models by …
DataRobot has launched its Enterprise AI Suite, a comprehensive platform that combines predictive and generative AI capabilities to help enterprises convert AI investments into measurable business outcomes. As Sean Michael Kerner reports, the new platform addresses the challenge that 90% of AI projects fail to move from prototype to production, according to DataRobot’s research. The …
Leading AI companies are creating new ways to evaluate increasingly sophisticated AI models as current testing methods prove inadequate. According to Cristina Criddle’s report in the Financial Times, companies like OpenAI, Microsoft, Meta, and Anthropic are developing internal benchmarks because their latest AI systems achieve over 90% accuracy on existing public tests. Meta’s generative AI …
The European Union has published its first draft Code of Practice detailing how providers of general-purpose AI models must comply with the EU AI Act. According to tech reporter Natasha Lomas at TechCrunch, the 36-page document outlines transparency requirements starting August 2025 and risk assessment measures for powerful AI systems beginning August 2027. The code …
OpenAI is preparing to launch a new AI agent called “Operator” that can perform automated tasks like coding and travel booking on behalf of users, according to reporting by Shirin Ghaffary and Rachel Metz for Bloomberg. The company plans to release the tool in January 2024 as both a research preview and through their developer …
Greg Brockman has returned to OpenAI after a three-month sabbatical from his role as president. According to reporter Shirin Ghaffary at Bloomberg, Brockman announced his return in an internal memo on November 12, where he mentioned working with CEO Sam Altman to define a new role focused on technical challenges. The AI company has recently …
A comprehensive new approach to measuring returns on generative AI investments has emerged, addressing widespread challenges in quantifying AI’s business impact. According to a KPMG survey cited by VentureBeat’s James Thomason, while 78% of C-suite leaders express confidence in generative AI’s ROI, most companies struggle to measure its actual value. The article presents a detailed …
Dr. Ashley Beecy, Medical Director of AI Operations at New York-Presbyterian Hospital, outlines a measured approach to implementing artificial intelligence in healthcare settings. In a VentureBeat article by Michael Trestman, Dr. Beecy emphasizes three key elements for successful AI adoption: establishing good governance frameworks, following a needs-driven approach, and maintaining transparency to build trust. She …
A recent study by Lakera’s team demonstrates how GPT-4V can be manipulated through visual prompt injection attacks. As detailed by author Daniel Timbrell in his article, these attacks involve embedding text instructions within images to make AI models ignore their original programming or perform unintended actions. During Lakera’s internal hackathon, researchers successfully tested several methods, …