TikTok is laying off hundreds of employees, mainly in Malaysia, as it shifts towards AI-driven content moderation. It plans to invest $2 billion in trust and safety efforts in 2024 while claiming it already removes 80% of violative content through automated technologies.
Numeric, an AI-powered accounting platform, has raised $28 million in a Series A round to develop its solution that integrates with existing financial systems and uses AI to streamline accounting workflows, having already secured notable clients and experiencing significant growth.
Scope3, a leader in media and advertising decarbonization, secures $25 million in funding to expand into sustainable AI, releasing a methodology to measure AI's environmental impact and positioning itself at the intersection of technological innovation and environmental responsibility.
Meta is expanding its Meta AI assistant to 21 new countries as part of its plan to make it the world's most-used AI assistant by the end of the year. The company also announced the availability of Meta AI on Ray-Ban Meta glasses in Australia and the UK.
AI-powered health insurance platform Qantev secures €30 million in funding to expand its claims management technology globally, addressing rising healthcare costs and inefficiencies in the rapidly growing insurance sector.
Amazon is implementing Vision-Assisted Package Retrieval (VAPR), an AI-powered technology that uses computer vision to streamline package identification and retrieval. Amazon aims to deploy VAPR in 1,000 electric vehicles by early 2025 to reduce driver effort and delivery time.
Amazon recently launched AI Shopping Guides, a generative AI-powered feature to streamline product research by providing consolidated information and tailored recommendations for over 100 product types on its U.S. app and mobile website.
Berlin-based startup forward earth secured €4.5 million in seed funding to expand its AI-powered environmental management software globally, support its plans to enter the US market, and address growing demand for automated carbon management and regulatory compliance solutions.
Basecamp Research, a startup building a comprehensive biological database for AI-powered biodiscovery, has partnered with Dr. David R. Liu's lab at MIT and Harvard's Broad Institute and raised $60 million in Series B funding to advance its platform and develop next-generation foundation models.
Atlassian has launched Rovo AI, a suite of AI-powered productivity tools including Rovo Search, Rovo Chat, and Rovo Agents, while also introducing new AI features across its platform, including enhancements to Jira and Loom.
OpenAI and Hearst have confirmed an agreement to give OpenAI access to Hearst's archive of US-based newspapers and magazine editions, including the San Francisco Chronicle, Cosmopolitan, and Runner's World.
The 2024 Nobel Prize in Chemistry was awarded to David Baker for designing novel proteins from scratch and to Demis Hassabis and John Jumper for developing AlphaFold, an AI system that can accurately predict protein structures.