artificial intelligence California AI Safety Bill Sparks Fierce Silicon Valley Backlash California's SB 1047 aims to prevent catastrophic AI disasters by holding developers of massive models liable for safety protocols, but it faces fierce opposition from Silicon Valley.
magic AI Coding Startup Magic Raises $320M Led by Eric Schmidt and Atlassian Magic, an AI startup specializing in automated code generation, secures $320 million in a major funding round backed by Eric Schmidt and Atlassian. The company also partners with Google Cloud and NVIDIA to build next-generation AI supercomputers.
ai AI Coding Startups Magic and Codeium Secure Combined $470M in New Funding Magic raises $320 million to build custom AI models capable of processing massive codebases, while rival Codeium nabs $150 million to reach a $1.25 billion valuation.
codeium Codeium Reaches Unicorn Status With $150M Series C Raise AI coding startup Codeium hits a $1.25 billion valuation after securing $150 million in Series C funding. The company plans to use the capital to expand its engineering team, scale enterprise operations, and advance its developer tools.
magic AI Coding Startup Magic Secures $320M From Eric Schmidt, CapitalG Generative AI coding startup Magic raises $320 million in a new funding round led by former Google CEO Eric Schmidt and Alphabet's CapitalG. The company also partners with Google Cloud to build massive next-generation supercomputers for training its models.
codeium AI Coding Startup Codeium Reaches $1.25 Billion Valuation in New Funding Round Codeium, a rival to GitHub Copilot, raises $150 million in a Series C round that pushes its valuation to $1.25 billion. The startup boasts over 700,000 users and counts major enterprises like Dell and Zillow among its customers.
openai OpenAI and Anthropic Grant US Government Access to Test New AI Models Two leading AI startups agree to let the U.S. AI Safety Institute evaluate their latest models before and after public release. The partnership aims to establish safety standards and mitigate risks associated with advanced artificial intelligence.
nvidia Nvidia Beats Q2 Expectations as AI Data Center Revenue Surges Nvidia reports another quarter of massive revenue growth driven by soaring demand for its AI chips, despite a post-earnings stock dip. The company also reveals strong forward guidance and upcoming shipments of its next-generation Blackwell processor.
nvidia Nvidia Breaks Sales Records but Stock Drops on Blackwell Chip Delays Nvidia reports massive 122% revenue growth to $30 billion, beating analyst expectations. However, shares tumble as the company reveals a minor production snag with its next-generation Blackwell chips.
plaud Plaud Unveils NotePin Wearable to Automate Meeting Notes and Task Management Plaud.AI launches NotePin, an ultra-light wearable device that uses top AI models to record conversations and generate organized notes. The gadget offers versatile wearing styles and impressive battery life to boost daily productivity.
open source Open Source AI Faces Major Hurdles, Experts to Discuss at Disrupt 2024 Tech leaders from Hugging Face and AI2 plan to tackle the complex challenges of creating truly open AI systems at TechCrunch Disrupt 2024. The upcoming panel explores whether open source AI is actually possible given the massive resource requirements of modern models.
microsoft Microsoft Expands Compact AI Lineup With Phi 3.5 Models Microsoft releases three new compact AI models under the Phi 3.5 family, designed for on-device tasks like fast reasoning and image analysis. The mini-instruct model outperforms several larger competitors in specific benchmarks despite its small size.
nvidia NVIDIA StormCast AI Model Delivers More Accurate Extreme Weather Forecasts NVIDIA introduces StormCast, a generative AI model that improves extreme weather predictions by providing high-resolution, hourly updates. The new system outperforms traditional forecasting methods to support better disaster planning.
openai OpenAI Strikes Content Licensing Deal With Condé Nast for SearchGPT OpenAI partners with Condé Nast to feature content from major publications like The New Yorker and Wired in its SearchGPT prototype and ChatGPT. The agreement represents the latest move by AI companies to secure legal access to publisher content amid ongoing copyright scrutiny.
amd AMD Acquires ZT Systems for $4.9 Billion to Strengthen AI Data Center Strategy AMD purchases infrastructure provider ZT Systems for $4.9 billion to enhance its ability to deliver complete AI data center solutions at scale.