AI & RoboticsNews

Inside the race to build an ‘operating system’ for generative AI

Generative AI, the technology that can auto-generate anything from text, to images, to full application code, is reshaping the business world. It promises to unlock new sources of value and innovation, potentially adding $4.4 trillion to the global economy, according to a recent report by McKinsey.  But for many enterprises, the journey to harness generative AI is just beginning. They face…
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AI & RoboticsNews

Capital One’s new chief scientist says ‘responsible, thoughtful’ generative AI is key

When Prem Natarajan, Capital One’s new chief scientist and head of enterprise AI, came on board in May — after five years as a VP at Amazon, leading the Alexa AI organization — it was because he was intrigued. What was in the DNA, he wondered, of one of the largest banks in the U.S. and one with a reputation for a strong technology focus, that could help it succeed in implementing generative…
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AI & RoboticsNews

Runway draws fresh $141 million as next-level generative AI video begins to emerge

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…
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AI & RoboticsNews

Microsoft weaves generative AI fabric for Moody’s

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…
AI & RoboticsNews

The Transform AI Survey: Help discover the state of generative AI

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…
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