Galileo, a leading AI evaluation platform, has secured $45 million in Series B funding to expand its Evaluation Intelligence Platform, which aims to improve AI accuracy and trustworthiness for teams worldwide.
The 2024 chemistry and physics Nobel Prize laureates work on ML; Basecamp Research is building a huge biodiscovery database; forward earth, Scope3, Qantev, and Numeric secure new funding; Intel and AMD's new hardware; Pyramid Flow generates video using a single transformer model; and more.
At Advancing AI 2024, AMD unveiled a comprehensive suite of AI-focused hardware solutions, including new EPYC processors, Instinct accelerators, networking products, and Ryzen AI PRO processors for enterprise PCs, along with improvements to their ROCm software stack.
Pyramid Flow leverages pyramid flow matching, a novel video generation algorithm that improves training efficiency and reduces computational demands without significantly impacting output quality. Pyramid Flow is available on GitHub and Hugging Face under an MIT License.
Intel's new Core Ultra 200S processor family, featuring AI capabilities and improved gaming and content creation performance, will launch on October 24, 2024. Core Ultra 200S processors boast up to 24 cores, as up to 16 E-cores and 8 P-cores, and an integrated neural processing unit (NPU).
Instagram has attributed recent moderation issues to human error and broken tools rather than AI. However, the platform acknowledges that not all problems are fully explained by human error and continues to investigate various user-reported issues affecting account access and engagement.
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.