Omnivore, a reading app startup, has been acquired by ElevenLabs, an AI audio technology company, to help develop their new ElevenReader app. According to a note from Omnivore’s founders Jackson and Hongbo, the acquisition will enable them to create more accessible reading and listening experiences on a larger platform. Omnivore users are invited to create …
Moondream, a startup backed by Felicis Ventures, Microsoft’s M12 GitHub Fund, and Ascend, has emerged from stealth with $4.5 million in pre-seed funding. According to VentureBeat’s Michael Nuñez, the company has developed an open-source vision-language model that boasts 1.6 billion parameters but matches the performance of models four times its size. The model, which can …
Read AI, an AI-powered meeting assistant startup, has raised $50 million in a Series B funding round led by Smash Capital, just six months after a $21 million Series A. According to co-founder David Shim, the company has seen strong growth, with over 100,000 new accounts created since the Series A. Read AI plans to …
Nooks, an AI sales platform founded by three Stanford roommates, has raised $43 million in a Series B round led by Kleiner Perkins, bringing its total funding to $70 million at a $285 million valuation. According to CEO Daniel Lee, Nooks uses AI to automate tedious sales tasks like finding contacts, leaving voicemails, writing emails …
OpenAI generates roughly 75% of its revenue from consumer subscriptions to products like its ChatGPT chatbot, with paid plans starting at $20 per month, according to CFO Sarah Friar in an interview with Bloomberg TV. Friar said ChatGPT has 250 million weekly active users, with a 5-6% conversion rate from free to paid. While OpenAI …
AI startup TollBit has raised $24 million in Series A funding. The round, led by Lightspeed Venture Partners, will help the company expand internationally and hire new employees, reports Sara Fischer for Axios. TollBit operates a marketplace that brings publishers and AI companies together and helps simplify their data exchange, both legally and commercially. The …
AI startup Perplexity is in funding talks to double its valuation to $8 billion or more. The company is looking to raise around $500 million in its fourth round of funding within a year, according to the Wall Street Journal. The move comes on the heels of major investments in OpenAI and is intended to …
US companies are investing heavily in computers, data centers, and other infrastructure to fuel the AI boom. According to Joseph Politano, investment in fixed assets has increased rapidly to meet the growing demand for computing power. Hundreds of billions of dollars are being poured into high-end computers, data centers, power plants and more. In the …
Mira Murati, the former chief technology officer at OpenAI, is reportedly seeking funding from venture capitalists for her new AI startup, Reuters reports. Her company aims to develop AI products using proprietary models, although it remains uncertain whether Murati will take on the CEO role. Initial discussions suggest that the startup could raise over $100 …
SynthBee has raised $20 million in funding to develop a new kind of “computing intelligence”, Dean Takahashi reports for VentureBeat. The round was led by Crosspoint Capital Partners. SynthBee plans to use the money to expand its team and proprietary computing intelligence platform. SynthBee’s founder, Rony Abovitz, is known for previous successful startups including Mako …