The European Commission has deemed Meta's "pay or consent" model non-compliant with the Digital Markets Act. Meta could be forced to introduce an equivalent alternative to its targeted ads-based services or risk paying a hefty penalty.
Adept and Stability AI announced leadership changes; OpenAI bought the collaboration platform Multi; Synthesia upgraded its platform; the RIAA is suing Suno and Udio; Google released Gemma 2; and much more.
Adept, an AI company focused on developing autonomous agents for software-based workflows, announced a strategic shift to focus solely on agentic AI solutions, and a change in leadership that will drive the company forward as its product-based vision helps businesses solve real-life problems.
Meta's new LLM Compiler, an open-source AI model suite, revolutionizes code optimization and compiler design by demonstrating impressive capabilities in understanding and manipulating complex code structures, potentially transforming software development practices.
Google Cloud's Vertex AI platform has enhanced its enterprise-ready generative AI offering with new models like Gemini 1.5 Flash and Imagen 3, third-party model integrations, cost-saving features, and advanced data grounding options to boost performance.
Google's newly released Gemma 2 offers state-of-the-art performance in open AI models, featuring improved efficiency, broad compatibility, and a focus on responsible AI development, aimed at empowering researchers and developers worldwide.
TIME, a 101-year-old global media brand, has partnered with AI companies OpenAI and ElevenLabs to enhance its digital content delivery, granting OpenAI access to its archives for AI training while implementing ElevenLabs' automated voiceover technology on its website.
MagicSchool AI, founded by former educator Adeel Khan, is a rapidly expanding technology platform that has attracted significant user growth and investor backing. The MagicSchool platform offers AI-powered tools for educators to combat teacher burnout and enhance learning experiences.
Creatio, a leader in AI-powered no-code platforms for CRM and workflow automation, has secured $200 million in funding at a $1.2 billion valuation, marking its entry into unicorn status and boosting its global expansion.
Prewave, an AI-powered supply chain risk management platform, has secured €63 million in Series B funding to expand globally and develop its superintelligence platform, addressing growing supply chain challenges and regulatory complexities for businesses.
CData Software has secured approximately $350 million in funding from Warburg Pincus and Accel to accelerate its growth and innovation in data connectivity solutions, aiming to address the increasing challenges of data integration across multiple sources.
Hugging Face has launched Open LLM Leaderboard v2, featuring new benchmarks, normalized scoring, and community-driven features to provide more challenging and meaningful evaluations of large language models.