Despite OpenAI's claim of "near-human accuracy" for its open-source Whisper speech recognition system, recent research has revealed significant hallucination issues across multiple studies, raising concerns about its widespread use in sensitive applications.
Read AI secured $50 million in Series B funding led by Smash Capital, with participation from Madrona and Goodwater Capital, in a round coming just 6 months after its $21 million Series A round, amid strong growth metrics of 100,000 new weekly accounts and 81% first-month retention.
Materials science and biotechnology startups raised funding; creatives stand against the threat of generative AI; Anthopic launched new models and a computer use API; Google open-sourced SynthID Text, and more.
Pharos, founded by healthcare and AI veterans from Vital and Meta, has raised $5 million in seed funding led by Felicis Ventures to develop AI solutions that help healthcare institutions' quality teams improve patient care and streamline clinical reporting.
Google has announced it will display information about AI-powered edits made using tools like Magic Editor and Magic Eraser in Google Photos' metadata and Details tab, following IPTC standards, as part of its efforts to increase transparency around AI-edited images.
The UK's Competition and Markets Authority (CMA) has initiated a Phase 1 investigation into the Alphabet-Anthropic partnership to determine if it constitutes a merger that could potentially reduce market competition, following a similar investigation into the Amazon-Anthropic partnership.
Avenue Biosciences has raised $2.5 million in seed funding to develop its machine learning platform that optimizes signal peptides for more efficient protein production, potentially making treatments like monoclonal antibodies and gene therapies more accessible.
Dunia Innovations GmbH, a startup founded in 2022, has raised $11.5 million to develop its Catalyst Acceleration Platform, which combines machine learning and automated robotics to discover new electrocatalysts for sustainable energy and chemical production.
Granola, a Mac-based AI note-taking app that enhances rather than replaces human note-taking, has secured $20 million in Series A funding to expand its product, which has gained traction among business leaders with its philosophy that human judgment shouldn't be outsourced to AI.
Researchers have developed AIRE, an AI system that can predict a patient's risk of heart disease complications and death with 78% accuracy by analyzing ECG scans. The NHS plans to trial AIRE starting in mid-2025 to evaluate its effectiveness in real clinical settings.
The UK's National Institute for Health and Care Excellence (NICE) has issued draft guidance recommending four AI-powered radiology tools for fracture diagnosis in urgent care settings, aiming to support healthcare professionals and improve diagnostic accuracy amid staff shortages.
The UK's Advanced Research + Invention Agency (ARIA) has launched a £50 million Scaling Compute program funding twelve research projects, including Fractile's analog in-memory computing project, aimed at dramatically reducing AI hardware costs by developing alternative computing approaches.