Runway, one of the hottest generative AI startups with its text-to-image video tools, has announced a fresh round of funding, adding $141 million in a series C from Google, Nvidia and Salesforce Ventures, among other investors.
The New York City-based company said in a press release that it will use this new financing to “further scale in-house research efforts, expand its world-class team, and…
Microsoft weaves generative AI fabric for Moody’s
June 29, 2023
In the world of financial risk assessment, New York based Moody’s is a global powerhouse with a vast wealth of information. Now, thanks to a partnership with Microsoft announced today, Moody’s is bringing the power of generative AI to its enterprise.
Moody’s is using…
Causely, an artificial intelligence startup led by CEO and founder Ellen Rubin, announced today the limited early-access launch of its Causal AI platform for enterprise data. The company aims to revolutionize how businesses troubleshoot operational issues and manage…
VentureBeat is on a mission to uncover the state of today’s AI technology landscape, and we need your input. We’re not only looking for the companies currently getting their hands dirty, integrating generative AI into workflows and product development, but the organizations just getting started on harnessing the power of new AI innovations. So it’s time for our annual AI survey, alongside…
Inflection AI sets off fireworks with $1.3B funding, highlighting surging interest in LLMs (and Nvidia H100s)
June 29, 2023
In a pre-July 4th weekend surprise, Inflection AI, the Palo Alto-based startup founded by Mustafa Suleyman, cofounder of DeepMind, and LinkedIn co-founder Reed Hoffman, announced that it has raised $1.3 billion in an eye-popping round that brings its valuation to $4 billion.
Scriptic (formerly known as ElectricNoir) has raised $5.7 million in funding to create games based on generative AI, including Scriptic: Crime Stories.
It’s the second time in a year that the company has raised money, and that tells you that generative AI is hot in gaming…
Make no mistake about it: There is a lot of hype and a lot of money in play in the generative AI land grab.
Today, San Francisco-based startup Typeface announced it has raised $100 million in new funding to help expand its go-to-market efforts as the company builds out generative AI content services for enterprises. The triple-digit fund raise is particularly noteworthy as the startup only exited…
Sourcegraph unveils Cody 5.1, a free code AI tool that can write entire files and tests
June 29, 2023
Sourcegraph, a leader in universal code search and AI-assisted software engineering, announced the release of Cody version 5.1 today, a major upgrade to its AI coding assistant. The new version provides Cody with a broader view of code context across repositories and…
As generative artificial intelligence (AI) has rapidly emerged as a transformative force across numerous industries, shaping the way we interact, create and innovate, VentureBeat returns on July 11 with its annual flagship event, VB Transform, which will focus this year on…
Oracle taps generative AI to streamline HR workflows
June 29, 2023
Oracle Corp. today announced new generative AI features for its Fusion Cloud Human Capital Management (HCM) offering, making it easier for enterprises to automate time-consuming HR workflows and drive productivity.
Underpinned by Oracle Cloud Infrastructure (OCI), the new AI capabilities will help with tasks like writing job descriptions for a new role or quickly drafting an employee survey. These…
