AI & RoboticsNews

In the AI arms race, Metal aims for enterprise dominance with $2.5 million war chest

Metal, an artificial intelligence (AI) startup focused on enterprise applications, announced today that it has raised $2.5 million in seed funding led by Swift Ventures with participation from Y Combinator and Chapter One. The funding will be used to expand Metal’s platform for building AI-powered applications and to provide increased support for large enterprise customers. Taylor Lowe, CEO and…
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AI & RoboticsNews

MosaicML challenges OpenAI with its new open-source language model

MosaicML, an artificial intelligence (AI) startup based in San Francisco, announced today the release of its groundbreaking language model, MPT-30B. The new model, trained at a fraction of the cost of its competitors, promises to revolutionize the field of artificial intelligence in enterprise applications. Naveen Rao, the CEO and cofounder of MosaicML, said in an interview with VentureBeat that…
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AI & RoboticsNews

Stravito launches generative AI tool for enterprise search and knowledge management

Stravito, an enterprise insights company, is introducing proprietary generative AI capabilities on its platform to streamline enterprise knowledge management. The aim is to optimize the search experience by delivering transparent answers, complemented by clickable links to source documents for fact-checking. While Dropbox and Box have recently introduced similar offerings that enable users to…
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DefenseNews

RTX wins $118 million Army order for drone target sensors

WASHINGTON — The U.S. Army tapped RTX, until recently known as Raytheon Technologies, for a batch of advanced targeting sensors destined for installation aboard drones. The order for the Common Sensor Payload Version 3, or CSP v3, is worth as much as $118 million and stems…
DefenseNews

Lockheed backs next-gen engine for F-35, drawing rebuke from Pratt

WASHINGTON — Lockheed Martin’s decision to publicly back a new next-generation engine for the F-35 — breaking with the Pentagon’s move to upgrade the fighter’s current Pratt & Whitney-made engines — drew a forceful rebuke from Pratt. Greg Ulmer, executive vice president for aeronautics, said in a Wednesday interview with Breaking Defense at the Paris Air Show that the company…
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