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…
Razer just launched a new premium gaming mouse, the Cobra Pro, that’s packed with buttons and customization options, all wrapped in an eye-pleasing symmetrical design. There’s seven buttons at the top of the device, two on the side and one on the bottom, adding up to…
The Army is preparing to ax some units and restructure others, the service’s top civilian told Army Times in an exclusive phone interview Friday, but it’s still not clear when and how the changes will play out.
Army Secretary Christine Wormuth also attributed “some”…
Microsoft weaves generative AI fabric for Moody’s
June 29, 2023
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 the Microsoft Azure OpenAI service as the engine that helps to unlock research information and risk assessment capabilities.
Causely, an artificial intelligence startup led by CEO and founder Ellen Rubin, announced today the limited early-access launch of its Causal AI platform for enterprise data. The company aims to revolutionize how businesses troubleshoot operational issues and manage…
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…
Inflection AI sets off fireworks with $1.3B funding, highlighting surging interest in LLMs (and Nvidia H100s)
June 29, 2023
In a pre-July 4th weekend surprise, Inflection AI, the Palo Alto-based startup founded by Mustafa Suleyman, cofounder of DeepMind, and LinkedIn co-founder Reed Hoffman, announced that it has raised $1.3 billion in an eye-popping round that brings its valuation to $4 billion.
Forbes reported that Microsoft and Nvidia led the round, along with Hoffman, Microsoft cofounder Bill Gates and former…
Scriptic (formerly known as ElectricNoir) has raised $5.7 million in funding to create games based on generative AI, including Scriptic: Crime Stories.
It’s the second time in a year that the company has raised money, and that tells you that generative AI is hot in gaming…
Make no mistake about it: There is a lot of hype and a lot of money in play in the generative AI land grab.
Today, San Francisco-based startup Typeface announced it has raised $100 million in new funding to help expand its go-to-market efforts as the company builds out…
Venmo now supports tap to pay on Android phones
June 29, 2023
Your local store might only need a smartphone to accept your payments. PayPal is rolling out tap to pay on Android for Venmo and Zettle businesses in the US. Shops can accept Apple Pay, Google Pay and other contactless services or cards, including digital wallets, without requiring a card reader. You might not have to bring out your wallet, in other words. Setup takes just minutes, PayPal…
