AI data analytics startup Purple Transform has raised £4.5 million to expand its AI-powered railway safety system. The system has shown significant results in incident reduction. As a result, Purple Transform will leverage the funds to expand its operations.
London-based startup Tem has raised $13.7 million in Series A funding to expand its AI-powered marketplace that directly connects businesses with renewable energy sources, potentially reducing costs by up to 25% and disrupting the traditional utility model.
The Irish Data Protection Commission is investigating whether Google should have conducted a Data Protection Impact Assessment before processing European users' data to train PaLM 2, the precursor to Gemini AI models.
OpenAI has launched its new o1 model family, featuring advanced reasoning capabilities and improved performance in various tasks, but with higher costs and some limitations, marking a significant step in AI development while intensifying competition in the field.
Mistral AI has released Pixtral 12B, its first multimodal model. Pixtral 12B offers competitive performance in image and text understanding tasks, features a 128k context window, and is available under an Apache 2.0 license.
Google's NotebookLM, an AI research assistant powered by Gemini 1.5 Pro, has introduced a new Audio Overviews feature that converts uploaded documents into AI-generated audio discussions between two speakers.
Ukraine-founded startup PLATMA has raised $2 million in pre-seed funding to expand its AI-powered no-code platform, which converts natural language into functional code, aiming to revolutionize digital transformation for businesses of all sizes.
Enterprise language AI platform Smartcat has raised $43 million in Series C funding to expand its AI-powered translation and multilingual content generation solutions, which allow global businesses to create ten times more content in multiple languages faster and more cost-effectively.
Palantir and BP have extended their decade-long collaboration with a new five-year agreement to enhance BP's oil and gas production operations with the safe deployment of large language models, to optimize performance and support decision-making across BP's global assets.
CardiaTec, a company using computational methods to study cardiovascular disease, has raised $6.5 million in seed funding to build the world's first proprietary human heart tissue multi-omics dataset and advance its drug development pipeline.
AI-powered bookkeeping startup Finally has raised $200 million in funding to expand its all-in-one financial management platform for small and mid-sized businesses.
Capsa AI, a startup founded less than a year ago, has raised £1.7m in seed funding to expand its AI-powered platform that streamlines due diligence processes for private equity firms. The Capsa AI platform has demonstrated significant time savings for early adopters.