The latest around generative AI as a whole. Stay up-to-date about current discussions and trends, new findings, and more.
AI startup ElevenLabs may soon be valued at $3 billion as investors scramble to participate in the rapidly growing company. The firm develops AI tools for audiobooks and video dubbing. TechCrunch reports that ElevenLabs’ annual recurring revenue has surged from $25 million to $80 million in recent months. This makes the two-year-old startup one of …
Google is expanding its AI voice assistant Gemini Live to include more languages. In addition to English, it will now support French, German, Portuguese, Hindi, and Spanish. Allison Johnson from The Verge reports that these new languages will be available to all users in the coming weeks. Google plans to integrate over 40 languages in …
The controversy surrounding the AI language model Reflection 70B continues to spark debate. Sahil Chaudhary, co-developer of the model, has now published a post-mortem report. In it, he admits mistakes in the rushed release and explains discrepancies between the originally claimed and actual performance data. According to Chaudhary, a programming error led to inflated results …
OpenAI has secured a flexible credit line of $4 billion, which can be increased to $6 billion. This is reported by Hayden Field for CNBC. The additional funds provide the company, recently valued at $157 billion, with a total liquidity of over $10 billion. Several major banks, including JPMorgan Chase, Citi, and Goldman Sachs, participated …
OpenAI has raised $6.6 billion in a new funding round, valuing the company at $157 billion, according to Bloomberg. The investment aims to help OpenAI maintain its leading position in generative AI technology. It is one of the largest private investments ever made. The funding round was led by Thrive Capital. Investors include Microsoft, Nvidia, …
Accenture is forming a Nvidia business group with 30,000 professionals to help enterprises adopt AI, reports Dean Takahashi. The goal is to train Accenture’s team to advise clients on process optimization and scaling AI solutions. Lan Guan, Chief AI Officer at Accenture, emphasizes the growing demand for generative AI. This new group expands the existing …
Character.ai is changing its strategy following a $2.7 billion deal with Google. As new interim CEO Dominic Perella told the Financial Times, the company is abandoning the costly development of its own AI models. Instead, Character.ai will focus on improving its popular chatbot products that simulate conversations with various characters and celebrities. After the Google …
AI chipmaker Cerebras Systems has filed for an initial public offering on the Nasdaq. The company plans to trade under the ticker symbol “CBRS,” according to the prospectus. Cerebras competes with Nvidia in the AI chip market, claiming its WSE-3 chip has more cores and memory than Nvidia’s popular H100. In the first six months …
Durk Kingma, co-founder of OpenAI, is joining Anthropic. He announced this in a series of posts on X (formerly Twitter), as Kyle Wiggers reports for TechCrunch. Kingma will work primarily from the Netherlands but will regularly visit the office in San Francisco. He emphasized that Anthropic’s approach to AI development aligns strongly with his own …
Microsoft is launching payments to publishers for content appearing in Copilot. The company is introducing a new feature called “Copilot Daily,” which provides users with a spoken summary of weather and current events. As reported by Kyle Wiggers, Reuters, Axel Springer, Hearst Magazines, and The Financial Times have joined as partners for the service, initially …