As the demand for generative AI continues to grow, concerns about its safe and reliable deployment have become more prominent than ever. Enterprises want to ensure that the large language model (LLM) applications being developed for internal or external use deliver outputs of the highest quality without veering into unknown territories.
Recognizing these concerns, Microsoft today announced the…
AI21 Labs juices up gen AI transformers with Jamba
March 29, 2024
Ever since the groundbreaking research paper “Attention is All You Need” debuted in 2017, the concept of transformers has dominated the generative AI landscape.
Transformers however are not the only path forward with generative AI. A new approach from AI21 Labs dubbed…
AI risk management startup ValidMind raises $8.1M to help banks comply with regulations
March 28, 2024
ValidMind, a startup focused on AI and model risk management for financial institutions, announced today that it has raised $8.1 million in seed funding. The round was led by Point72 Ventures, with participation from several other venture capital firms.
The new capital…
A new technique developed by much-hyped Tokyo, Japan startup Sakana AI automatically creates generative models. The technique, called Evolutionary Model Merge, is inspired by the process of natural selection and combines parts of existing models to create more capable ones.
Sakana AI first announced its existence in August 2023, co-founded by esteemed AI researchers including former Googlers David…
Adobe was one of the largest and first companies to jump on the generative AI bandwagon with the release of its own, commercially-safe Firefly AI image generator and editing model nearly a year ago in March 2023.
Now, as it celebrates the first year anniversary of the model…
Activeloop nets $11M to give enterprises a better way to leverage multimodal data for AI
March 27, 2024
California-based Activeloop, a startup offering a dedicated database to streamline AI projects, today announced it has raised $11 million in series A funding from Streamlined Ventures, Y Combinator, Samsung Next (the startup acceleration arm of the Samsung Group) and…
Pure Storage, a pioneer in delivering advanced data storage technology and services, unveiled a suite of new AI infrastructure solutions and validated reference architectures developed in partnership with Nvidia at last week’s GTC conference. The announcement aimed to provide enterprises with proven frameworks to manage the high-performance data and compute requirements necessary for successful…
“It’s venture money, not adventure money.” That was the loving response a dear friend once got from a VC while pitching an idea. But when we are in the hype cycle phase of a new technology, that caution goes out the window. VCs, after all, have to deploy all the…
Exclusive: Foundational emerges from stealth with $8 million to tackle data quality and AI readiness challenges
March 26, 2024
Foundational, a startup aiming to bring order to the chaos of modern data infrastructure, announced today that it has raised $8 million in seed funding led by Viola Ventures and Gradient Ventures, Google’s AI-focused investment fund, with participation from angel investors…
‘Attention is All You Need’ creators look beyond Transformers for AI at Nvidia GTC: ‘The world needs something better’
March 22, 2024
Seven of the eight authors of the landmark ‘Attention is All You Need’ paper, that introduced Transformers, gathered for the first time as a group for a chat with Nvidia CEO Jensen Huang in a packed ballroom at the GTC conference today.
They included Noam Shazeer, co-founder and CEO of Character.ai; Aidan Gomez, co-founder and CEO of Cohere; Ashish Vaswani, co-founder and CEO of Essential AI…
