Luma AI has launched Dream Machine, a transformer model that generates high-quality, physically accurate, and consistent 5-second video shots, offering free (with limitations) and paid tiers for commercial use, capturing users' attention with its availability for public access.
Kling, a new text-to-video generation model developed by Kuaishou Technology, gained significant attention for its impressive capabilities, sparking demand for state-of-the-art video generation tools and potential competition among leading AI companies.
Backed by €228.7M from the German government and €25.7M private investors as part of a major €254.4 million Series A round, Black Semiconductor aims to commercialize its groundbreaking graphene-based chip connectivity technology.
RetailReady, a Y Combinator graduate leveraging AI to help shippers and providers reduce fees for non-compliant shipments to major retailers, recently raised $3.3M in seed funding to grow its team and develop its product, which aims to optimize warehouse packaging compliance processes.
The robotaxi industry is facing challenges as Waymo issued its second voluntary recall due to a collision involving one of its vehicles, and GM injected $850 million into Cruise to sustain operations after the company had to ground its entire fleet following an accident involving a pedestrian.
As NVIDIA's market cap crosses $3T and major tech giants develop their AI chips to reduce reliance on NVIDIA, South Korean fabless AI chip startups Rebellions and Sapeon are merging to better compete against global rivals in the rapidly growing AI hardware market.
Benchling, a leading provider of R&D cloud software for the biotech industry, has partnered with Sanofi to transition over 1,500 scientists to Benchling's digital R&D Cloud platform, enabling Sanofi to aggregate complex data, accelerate research processes, and harness AI across the R&D lifecycle.
Mistral AI has secured a massive Series B funding round led by General Catalyst with participation from selected top investors. The funding will allow Mistral to expand its computing capacity, grow its team, and strengthen strategies to take on its competitors.
Databricks has open-sourced its Unity Catalog, calling it the industry's first open-source catalog for unified data and AI governance across clouds, data formats, and data platforms. The Unity Catalog enables several groundbreaking features while garnering ecosystem support.
MLCommons released MLPerf Training v4.0 showcasing major performance gains. Remarkably, NVIDIA set new records using software optimizations on its Hopper architecture. MLPerf Training 4.0 introduces novel benchmarks for LoRA-based fine-tuning and graph neural network training.
Google's latest Feature Drop brings Gemini Nano to Pixel 8 and 8a phones as a developer option, enabling enhanced transcription capabilities in the Recorder app. The June Feature Drop also introduces Car Crash Detection on Pixel Watch 2 and delivers smart home control upgrades across Pixel devices.
One year after acquiring Mosaic ML, Databricks is announcing significant updates and enhancements to the platform, which include new building and deployment, evaluation and governance tools to ensure enterprises can efficiently turn state-of-the-art models into compound AI systems.