Maria Deutscher
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Amazon reportedly preparing paid Alexa version powered by its own Titan AI model
Amazon.com Inc. engineers are reportedly working on a new, more capable version of Alexa that is expected to become available through a paid subscription. Sources familiar with the project told CNBC today that the service is set to roll out later this year. Apple Inc. is also expected to introduce a new version of Siri, ...
Patronus AI reels in $17M for its AI reliability testing platform
Patronus AI Inc., a startup helping companies detect and fix reliability issues in their large language models, today announced that it has closed a $17 million investment. Notable Capital led the Series A round. It was joined by publicly traded observability provider Datadog Inc., Lightspeed Venture Partners, Factorial Capital and several angel investors from the ...
Report: AI wearable maker Humane seeking sale at up to $1B valuation
Humane Inc., the well-funded developer of the Ai Pin artificial intelligence wearable, is reportedly seeking a buyer. Bloomberg reported late Wednesday that the company is hoping for a sale price of $750 million to $1 billion. The high end of the range is $150 million above the valuation Humane is believed to have received last ...
EU greenlights AI Act as tech giants commit to responsible model development
The European Union’s AI Act, a piece of legislation designed to mitigate the risks posed by artificial intelligence, today received the final greenlight it required to become law. The milestone came against the backdrop of a high-profile AI safety summit in Seoul. During the event, 16 tech firms committed not to develop AI models that ...
H, a new Paris-based AI startup, raises $220M from prominent investors
A new startup known simply as H has closed a mammoth $220 million seed round to build cutting-edge artificial intelligence models. The Paris-based company, which is incorporated as H.ai SAS, disclosed the raise today. The round included contributions from Accel and other investment firms, as well as several major tech industry players: H said Amazon.com ...
AI training data provider Scale AI closes $1B round at $13.8B valuation
Scale AI Inc., a startup that helps OpenAI and Nvidia Corp. train their artificial intelligence models, has received a $13.8 billion valuation in a late-stage $1 billion funding round announced today. Accel was the lead investor in the Series F round. Nvidia took part as well along with Intel Corp. and Advanced Micro Devices Inc., ...
Google to invest €1B in Finland data center expansion
Google LLC will invest €1 billion, or $1.1 billion, to expand a data center campus it built in southern Finland more than a decade ago. The Verge reported the plan today. A Google spokesperson told the publication that the data center expansion is designed to “further unlock the potential of AI,” which hints the company ...
Microsoft debuts Copilot+ PCs with range of AI and cybersecurity boosts
Microsoft Corp. today debuted Copilot+, a technical standard for personal computers optimized to run artificial intelligence models. Executives detailed the specification at an event held on the premises of the company’s Redmond, Washington headquarters. They used the opportunity to preview the first PCs built based on the Copilot+ standard. All the new devices will ship ...
CyberArk acquires cybersecurity provider Venafi for $1.54B
CyberArk Software Ltd. today announced that it has inked a deal to acquire Venafi Inc., a fellow provider of cybersecurity software, for $1.54 billion. CyberArk is purchasing the company from Thoma Bravo. The acquisition price is about $400 million higher than what the private equity firm paid to buy Venafi in 2020. Under the terms ...
Report: Snowflake in talks to acquire AI model developer Reka AI for $1B+
Snowflake Inc. is reportedly holding talks to acquire Reka AI Inc., a venture-backed provider of large language models. Sources told Bloomberg late Thursday that a deal could value the startup at more than $1 billion. The news comes a few weeks after Reka debuted a new LLM, Reka Core, that it says is competitive with ...