cosmos institute New Cosmos Institute Launches AI Lab, Fellowship, and Venture Program The Cosmos Institute, backed by Anthropic co-founder Jack Clark, establishes a human-centered AI lab at Oxford and launches a micro-grant venture program to blend philosophical thinking with AI development.
bigendian Indian Startup BigEndian Develops Surveillance Chips to Rival China Bengaluru-based BigEndian Semiconductors is developing surveillance camera chips to reduce reliance on Chinese hardware. The fabless startup leverages India's $9 billion semiconductor push and a massive domestic market to build a platform-as-a-service model.
emotion ai Emotion AI Rises as Business Software Seeks to Decode Human Feelings A new PitchBook report highlights emotion AI as a growing trend in enterprise software, where companies use multimodal sensors to help workplace bots detect human feelings. Critics warn that granting AI access to cameras and microphones to read emotions raises significant privacy concerns.
palantir Palantir CTO Sankar Champions New Defense Startups Through First Breakfast Initiative Palantir CTO Shyam Sankar actively mentors a new wave of defense tech startups through a program called First Breakfast. The initiative aims to build philosophical alliances and secure early partnerships with emerging companies founded by Tesla and SpaceX alumni.
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.
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.
anysphere AI Coding Startup Anysphere Raises $60 Million at $400 Million Valuation Anysphere, the maker of the AI coding assistant Cursor, secures a $60 million Series A round co-led by Andreessen Horowitz and Thrive Capital. The massive investment highlights the surging demand for tools that help developers write software faster.
perplexity Perplexity AI Introduces Publisher Revenue Sharing Program Amid Plagiarism Claims AI search startup Perplexity launches a new program to share ad revenue with publishers whose articles inform its generated answers. The initiative arrives shortly after Forbes accuses the company of plagiarizing its paywalled content.
openai Legal AI Startup Harvey Reaches $1.5 Billion Valuation After $100M Raise OpenAI-backed legaltech startup Harvey secures $100 million in a Series C round led by Google's GV to expand its AI tools for lawyers. The new funding brings the company's total valuation to $1.5 billion.
cohere Cohere Secures $500 Million to Expand Enterprise AI Focus Generative AI startup Cohere raises $500 million at a $5.5 billion valuation to fuel its expansion in the enterprise sector. The company plans to grow its technical teams and enhance its privacy-focused business AI models.
amazon Amazon Acquires AI Startup Adept Founders and Licenses Agent Technology Amazon hires the co-founders of AI startup Adept and licenses their agent technology to boost its in-house generative AI efforts. Adept remains operational under new leadership as it pivots to focus exclusively on enterprise agentic AI solutions.
openai OpenAI Acquires Video Collaboration Startup Multi in Latest Enterprise Push OpenAI continues its acquisition streak by purchasing Multi, a remote video collaboration platform, to bolster its growing enterprise offerings.
ai Databricks and OpenAI Lead Billion-Dollar AI Funding Rounds in 2024 Artificial intelligence dominates the venture capital landscape as top startups secure massive funding rounds. Databricks and OpenAI lead the pack with multi-billion-dollar raises that push their valuations to historic highs.
robotics investments Robotics Sector Secures $1.3 Billion Across 47 Deals in July Robotics companies raise $1.3 billion in July 2024 across 47 deals, pushing the year-to-date total to $9.7 billion. Software firms and autonomous vehicle developers lead the funding rounds.
venture capital Healthcare and AI Sectors Dominate $23 Billion in July Venture Funding Venture funding totals over $23 billion in July 2024, with healthcare and artificial intelligence companies capturing half of all investments. Notable financial moves include a massive $900 million round for legal tech firm Clio and the year's largest IPO from Lineage Logistics.