Within just two years of its inception, ElevenLabs, the AI voice startup founded by former Google and Palantir employees, has hit the unicorn status. The company today announced it has raised $80 million in a series B round of funding, growing its valuation ten-fold to $1.1 billion.
The investment has been co-led by existing investors Andreessen Horowitz (a16z), former GitHub CEO Nat Friedman and…
Stability AI unveils smaller, more efficient 1.6B language model as part of ongoing innovation
January 22, 2024
In a Nutshell
Stability AI has released its new Stable LM 2 1.6B model, which is designed to lower barriers and enable more developers to participate in the generative AI ecosystem. The compact but powerful text content generation language model incorporates multilingual…
The missing link of the AI safety conversation
January 22, 2024
In a Nutshell
The conversation around AI development has shifted to focus on the cost of AI and the need for democratization. While advancements in AI have been made through increased scale and computing power, this has created a barrier to entry for many individuals and…
Needle in a haystack: How enterprises can safely find practical generative AI use cases
January 22, 2024
AI, particularly generative AI and large language models (LLMs), has made tremendous technical strides and is reaching the inflection point of widespread industry adoption. With McKinsey reporting that AI high-performers are already going “all in on artificial intelligence,” companies know they must embrace the latest AI technologies or be left behind.
However, the field of AI safety is…
Palo Alto-based startup Credo AI announced today that its AI governance platform will now be available on the Databricks Data Intelligence Platform.
According to Credo AI, Databricks customers will be able easily track and manage AI risk and compliance at scale, leveraging…
Despite concerns raised by some educators and administrators, AI is coming to higher education.
Today, Arizona State University announced it has partnered with OpenAI, arguably the leading generative AI company and maker of ChatGPT and DALL-E 3, in a first-of-its-kind…
London-based Recraft, a startup offering brands an AI-powered graphic design generator, today announced it has raised $12 million in a series A round of funding.
The investment has been co-led by Khosla Ventures and former GitHub CEO Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil and other angels.
Founded by Anna Veronika Dorogush, who created CatBoost…
Google researchers are shaking up the AI world by teaching artificial intelligence to say “I don’t know.” This new approach, dubbed ASPIRE, could revolutionize how we interact with our digital helpers by encouraging them to express doubt when they’re unsure of an…
Anthropic hits back at music publishers in AI copyright lawsuit, accusing them of ‘volitional conduct’
January 19, 2024
Anthropic, a major generative AI startup, laid out its case why accusations of copyright infringement from a group of music publishers and content owners are invalid in a new court filing on Wednesday.
In fall 2023, music publishers including Concord, Universal, and ABKCO…
AI video is still in its early days but the tech is advancing fast. Case in point, New York City-based Runway, a generative AI startup enabling individuals and enterprises to produce videos in different styles, today updated its Gen-2 foundation model with a new tool, Muti Motion Brush, which allows creators to add multiple directions and types of motion to their AI video creations.
The advance…
