Today, Pika Labs, a six-month-old video AI startup, announced it has raised $35 million in a series A round of funding led by Lightspeed Venture Partners, alongside earlier side rounds, putting the total raised by the young firm at $55 million.
The company also unveiled Pika 1.0, a new web platform building upon its earlier beta release that allows users to generate and edit videos in diverse…
xAI, the company Elon Musk founded to take on OpenAI and other startups racing in the elusive AI space, is set to launch its first offering ‘Grok’ this week. The billionaire, known for companies like Tesla, SpaceX and Neuralink, has announced that the AI chatbot will be…
Sam Altman and Adam D’Angelo reunite for Thanksgiving following OpenAI boardroom drama
November 28, 2023
Just days after the drama over his firing and reinstatement as CEO of OpenAI, Sam Altman spent a few hours on Thanksgiving with his old friend and OpenAI board member Adam D’Angelo.
Altman tweeted about the gathering, saying he had a “really nice few hours” with…
Generative AI is a toddler — don’t let it run your business
November 26, 2023
Cutting-edge technology and young kids may initially seem completely unrelated, but some AI systems and toddlers have more in common than you might think. Just like curious toddlers who poke into everything, AI learns through data-driven exploration of huge amounts of information. Letting a toddler run wild invites disaster, and as such, generative AI models aren’t ready to be left unattended…
Anthropic slashes AI pricing amid rising competition
November 25, 2023
For enterprise companies exploring opportunities in conversational artificial intelligence (AI), a new development promises greater access and affordability. Anthropic, a leading AI model lab, today dropped the per-token pricing of its conversational model Claude 2.1 release…
As OpenAI celebrates the return of Sam Altman, its rivals are moving to up the ante in the AI race. Just after Anthropic’s release of Claude 2.1 and Adobe’s reported acquisition of Rephrase.ai, Stability AI has announced the release of Stable Video Diffusion to mark its…
Sam Altman back at OpenAI: The craziest five days in Silicon Valley history | The DeanBeat
November 23, 2023
OpenAI has rotated through four CEOs in five days. I think that qualifies as the craziest five days in Silicon Valley history. Now fired CEO Sam Altman is back as the CEO of OpenAI again.
When the OpenAI board first fired Sam Altman as its CEO on the Friday before Thanksgiving, it might have thought the news would be quiet. It is, after all, one of the quietest news days of the business year. It…
OpenAI drama a reflection of AI’s pivotal moment
November 23, 2023
The philosophical battle between AI “accelerationists” and “doomers” has erupted into full view at OpenAI. Basically, the accelerationists advocate for rapid advancement in AI technology, emphasizing the enormous potential benefits. Conversely, the “doomers”…
Adobe reportedly acquires text-to-video AI platform Rephrase
November 23, 2023
As the five-day-long power struggle at OpenAI comes to an end with Sam Altman’s reinstatement, Adobe is moving to up its generative AI game. According to a report in the Economic Times, the content software major has circulated an internal memo announcing the acquisition…
OpenAI’s announcement last night apparently resolved the saga that has beset it for the last five days: It is bringing back Sam Altman as CEO, and it has agreed on three initial board members – and more is to come.
However, as more details emerge from sources about what set off the chaos at the company in the first place, it’s clear the company needs to shore up a trust issue that may…
