Cohere's newest foundation model is Rerank 3, which specializes in retrieval-augmented generation capabilities. Rerank 3 boasts a 4K context length window, multi-aspect and semi-structured data search, multilanguage support, improved latency, and a lower cost.
Symbolica AI came out of stealth with a $33 million investment led by Khosla Ventures to harness the power of traditional symbolic AI to help customers build accurate, efficient, and cost-effective models for tasks such as code generation and theorem proving.
Sapien, a company specializing in the gamification of the data annotation experience for human annotators, recently closed a successful $5 million seed funding round. The company will invest the funding into accelerating its mission and continue developing its gamified labeling infrastructure.
PVML has emerged from stealth mode to announce it secured $8 million in a seed funding round led by NFX and backed by Gefen, FJ-Labs, and key figures in the data security industry. The company also announced the launch of its data access platform, currently available on a per-request basis.
DeepCure recently secured $24 million in a Series A-1 funding round led by IAG Capital Partners and backed by its existing investors. DeepCure seeks to leverage its Molecular Foundry to shorten the times for the drug development cycle without sacrificing novelty and diversity.
Scavenger AI announced a successful 1.1 million EUR pre-seed funding round led by HTGF and backed by Calm/Storm Ventures, Femventix, and the B4i Fund. The secured funds will enable Scavenger AI to grow its team and infrastructure, as well as launch its AI-powered software solution.
Gilion secured €10 million in equity after a substantial growth increase during 2023. Gilion's proprietary engine delivers access and insights into tech companies' historical and future performance as a basis for the company to provide non-dilutive loans to growth-stage companies.
Onum announced its successful $28 million Series A funding round that will accelerate key talent hires, product development, and global expansion. Onum automatically ensures that only the most valuable enterprise data gets sent to analytics platforms, cutting costs, and optimizing time to value.
Intel unveiled the Gaudi 3 AI accelerator at its Intel Vision event in Phoenix Arizona this Tuesday. Results show that it requires shorter training, performs significantly better at Llama and Falcon models inference, and is more energy efficient than NVIDIA's H100.
The leading data security company Cyera recently announced its $300 million Series C funding round led by Coatue and supported by new and existing investors. In parallel, the company also announced the appointment of Jason Clark, advisor to the company and VC at Cyberstarts.
Multiverse, an ed-tech platform helping organizations close their skills gaps by creating an apprenticeship suited to the current job market, acquired Searchlight. Founded by Anna and Kerry Wang, Searchlight built custom data pipelines and ethical AI models to match talent to the right positions.
In a recently held special event in London, Meta confirmed that the next generation of its Llama family of LLMs would begin rollout very soon. The company also expects to power several of its products with the Llama 3 models.