November 15, 2024
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Chinese AI startup Fourth Paradigm to go public in Hong Kong after receiving regulatory approval in China
Nickie Louise Posted On July 5, 2023


Chinese AI startup Beijing Fourth Paradigm has received regulatory approval for its initial public offering (IPO) listing in Hong Kong, according to a July 3 filing on the China Securities Regulatory Commission (CSRC) website. With this approval, Fourth Paradigm now […]


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ChatGPT Lawsuit: OpenAI sued for scraping and stealing private data from millions of people without their consent
Daniel Levi Posted On July 3, 2023


OpenAI, the maker of the popular ChatGPT, has found itself in hot water again for allegedly scraping “300 billion words from the internet, including books, articles, websites, posts,” and personal information of people without consent. The lawsuit was filed in […]


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How Elon Musk rate limit on Twitter exposes massive AI data scraping by the Censorship Industrial Complex
Daniel Levi Posted On July 3, 2023


Over the weekend, Twitter owner Elon Musk imposed limits on the number of posts that users could read in what he described as a temporary move that targets “extreme levels of data scraping and system manipulation” by other companies and […]


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Inflection AI, an AI startup founded by LinkedIn and DeepMind co-founders, raises $1.3 billion from Nvidia and others
Daniel Levi Posted On June 29, 2023


Just less than a month after launching its AI chatbot to take on OpenAI’s ChatGPT, Microsoft-backed AI startup Inflection announced today it has raised $1.3 billion in funding, from investors including Microsoft and Nvidia, as the AI boom continues with […]


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Generative AI startup Typeface becomes a unicorn at $1 billion after raising $100M in funding led by Salesforce
Nickie Louise Posted On June 29, 2023


Despite a funding drought affecting many startups, the generative AI startups continue to ride the wave of the ChatGPT-led AI boom as investors pour billions into the space hoping to find the next OpenAI. The latest is Typeface, a generative […]


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Versori, a UK-based tech startup, gets $3.5M in funding to grow its AI-powered data infrastructure platform
Nickie Louise Posted On June 28, 2023


Handling data manually is a tedious and demanding process that involves a lot of labor, and resources, and carries a high risk of errors. It can also be quite costly. This applies not only to transforming data but also to […]


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Databricks scoops up OpenAI competitor MosaicML for $1.3 billion
Nickie Louise Posted On June 27, 2023


Investors continue to pour billions into generative artificial intelligence (AI) as demand for AI applications shows no sign of slowing down. This unrelenting flow of funds also manifests in the increased merger and acquisition activity. The latest is San Francisco-based Databricks. […]


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Amazon invests $100 million in generative AI center as demand for AI applications soars
Nickie Louise Posted On June 26, 2023


The AI boom sparked by the sudden success of OpenAI ChatGPT continues to gain momentum without any signs of slowing down. Since the launch of ChatGpt in November of last year, investors have billions of dollars into generative artificial intelligence […]


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How to use ChatGPT: 8 ways to use ChatGPT to grow your business and boost your productivity
Nickie Louise Posted On June 20, 2023


If you haven’t been living under a rock, you’ve undoubtedly heard about ChatGPT, the widely popular AI chatbot developed by OpenAI. Released to the public on November 30, 2022, ChatGPT created a massive buzz across the internet. This dialogue-based AI […]


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Generative AI startup Parrot raises $11M in Series A funding to grow its AI-powered transcription platform
Daniel Levi Posted On June 20, 2023


Numerous reports show that an estimated 30% of knowledge workers’ valuable time is wasted on administrative tasks. With the popularity of artificial intelligence (AI) on the rise, particularly generative AI, businesses of all sizes are actively exploring innovative solutions to […]


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Character.AI is the buzziest generative AI startup that everyone is talking about; logged 1.7M downloads in its first week
Daniel Levi Posted On June 15, 2023


“The Revolution Will Not Be Televised” is a famous line from Gil Scott’s lyrics, which symbolizes the idea that active participation and taking to the streets are crucial when a revolution occurs. However, that was a statement made five decades […]


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AI chip startup SiMa.ai raises $13 million in funding as AI boom picks up steam
Nickie Louise Posted On June 13, 2023


The AI boom sparked by the sudden success of OpenAI ChatGPT shows no signs of fading. Since the launch of ChatGpt in November of last year, investors have billions of dollars into generative AI startups. The latest is SiMa.ai, a […]


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Salesforce to invest $500 million in generative AI startups; unveils new AI Cloud offering
Nickie Louise Posted On June 12, 2023


Salesforce announced on Monday a significant development in its venture into artificial intelligence (AI) generative AI, doubling its venture capital fund for generative AI startups to $500 million. In addition, the CRM giant also unveiled its AI Cloud service, which […]


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AI startup Cohere raises $270 million in funding to take on OpenAI ChatGPT; now valued at $2.2 billion
Nickie Louise Posted On June 9, 2023


Cohere, a tech startup specializing in AI foundation models, has recently secured an impressive $270 million in funding. This funding round attracted support from renowned investors, including Nvidia, Oracle, and Salesforce Ventures. While the exact valuation of Cohere remains undisclosed, […]


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MindsDB raises $25M to make machine learning and AI accessible to companies as AI race heats up
Nickie Louise Posted On June 1, 2023


Data is the lifeblood of every organization and databases are the containers to store the data, be it storing financial data, medical imaging, and employees, or just about any kind of mission-critical data. Despite the evolution of databases over time, […]


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UpdateAI lands $2.3M in funding to grow its ChatGPT-powered Customer Success platform 
Nickie Louise Posted On May 31, 2023


UpdateAI, a ChatGPT-powered Customer Success platform, has raised $2.3 million in funding led by IdealabX, with participation from prominent investors including Stage Venture Partners, Zoom Ventures, a16z’s scout fund, and Howard Morgan. The latest round brings the company’s total funding […]


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CoreWeave, a GPU-focused cloud compute provider startup, raises another $200M in funding amid AI boom
Daniel Levi Posted On May 31, 2023


CoreWeave, a New York City-based startup that started out as an Ethereum mining venture, has secured another $200 million in funding amid the ongoing AI boom. The funding, which pushes the valuation of the 6-year-old startup to more than $2 […]


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China’s Baidu launches $145 million venture capital AI fund to back generative AI startups
Nickie Louise Posted On May 31, 2023


Chinese search giant Baidu announced the launch of a 1 billion yuan ($145 million) AI venture capital fund to back startups focused on content generated by artificial intelligence applications, Bloomberg reported on Wednesday. The news comes just a month after […]


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Nvidia hits $1 trillion market cap, joining the exclusive club of Alphabet, Amazon, Apple, and Microsoft
Nickie Louise Posted On May 30, 2023


After many weeks of expectations, Nvidia finally hit a $1 trillion market cap at the open Tuesday after its stock rose nearly 6% in morning trading at around $409, making it the world’s first $1 trillion chipmaker as the AI […]


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Nvidia set to become the world’s first $1 trillion chipmaker as the AI boom rages on
Nickie Louise Posted On May 30, 2023


Nvidia is poised to become the world’s first chipmaker company with a $1 trillion market capitalization, joining the exclusive trillion-dollar club of Alphabet, Amazon, Apple, and Microsoft. Nvidia was on track on Tuesday to breach the $1 trillion market cap […]


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