OpenAI has secured $6.6 billion in new funding at a $157 billion valuation, plus a $4 billion credit facility from major banks, which the company claims will give it "the flexibility to invest in new initiatives and operate with full agility as [it] scale[s]."
Pika Labs has launched version 1.5 of its AI video generation platform, introducing "Pikaffects" - a suite of physics-defying special effects that can transform video subjects in creative ways, along with improved motion controls and video generation capabilities.
At this year's DevDay conference, OpenAI introduced several API enhancements including a new Realtime API for speech-to-speech conversations, vision fine-tuning capabilities, prompt caching, and a model distillation functionality that allows smaller models to be fine-tuned on larger models' outputs.
Microsoft recently announced several new features for its AI-powered assistant Copilot, including a voice mode for spoken conversations, personalized content suggestions and summaries, and the experimental Copilot Vision and Think Deeper features.
AI startup Augmented Intelligence has emerged from stealth with $44 million in funding and a Google Cloud partnership, offering Apollo, a neuro-symbolic AI platform that combines neural networks with rule-based systems to create more explainable and efficient AI agents.
AI-powered code quality platform Qodo has raised $40 million in Series A funding to expand its developer tools that ensure the integrity and reliability of AI-generated code across the software development lifecycle.
The Raspberry Pi AI Camera module, featuring a 12 MP Sony IMX500 Intelligent Vision Sensor and integrated RP2040 AI accelerator, offers universal compatibility with all Raspberry Pi models and provides built-in AI capabilities for computer vision tasks.
YOLOv11 is an advanced iteration of the YOLO object detection series that offers enhanced feature extraction capabilities, improved computational efficiency, and various specialized models for different computer vision tasks while maintaining flexibility across deployment environments.
News from Meta Connect 2024; the AI Pact has over 100 signatures; Molmo brings open-source SOTA multimodality; OpenAI's Advanced Voice Mode has arrived; Agentic AI may be the next big thing in generative AI; Cloudflare launched more tools to help users fight scrapers; and more.
The European Commission released a list of over 100 early adopters of the AI Pact's voluntary commitments, including major tech companies and representatives from various sectors. Still, notable absences like Apple and Meta highlight ongoing challenges in AI regulation compliance across the EU.
The UK's Competition and Markets Authority (CMA) closed its investigation into Amazon's $4 billion investment in Anthropic, concluding that despite potential material influence, the partnership does not qualify as a 'relevant merger situation' due to Anthropic's insufficient UK market presence.
Convergence launched Proxy, a customizable AI assistant powered by Large Meta Learning Models, and raised $12 million in pre-seed funding to develop AI agents capable of learning and remembering tasks through continual interaction with users.