Oxolo recently raised 13M EUR in a Series A round led by DN Capital for their AI-powered video generation platform. Their novel approach lets users automatically create a product video and accompanying text script with the click of a button.
Twelve Labs revealed the culmination of their research into video-to-text: the foundation model Pegasus-1 and its accompanying APIs. Unlike competing strategies, Twelve Labs developed a truly multimodal approach that incorporates visual, auditory, and text information into the dataset.
French VC firm Breega announced the launch of its new "Europe Seed III" fund devoted to supporting promising early-stage European startups. The firm plans to use a third of the fund to invest in UK-based startups and to fund around 30 startups.
Enterprises are often faced with a set of contexts in which they are primed to become AI consumers. Here, we round up some of the most valuable insights recently shared by Gartner analysts to those looking to take the plunge into enterprise-level AI adoption.
Aindo, a startup specializing in generating synthetic tabular and relational data using neural generative models, raised 6M EUR in a Series A funding round. Aindo plans to grow its team to continue developing synthetic data solutions for the healthcare, financial, and infrastructure sectors.
ChatGPT can now create imagery with the help of DALL-E. Starting Oct 19, Pro and Enterprise users can ask ChatGPT to generate and refine images from a conversation. The feature was announced together with further details on DALL-E's risk mitigation and security features.
Adept has released its multimodal model Fuyu-8B, a smaller version of the proprietary model that powers its platform. Aligning with Adept's mission, Fuyu-8B excels at image understanding capabilities, including screen reading.
Anysphere, a startup working on Cursor, an AI-first code editor, recently raised $8M from the OpenAI Startup Fund. Cursor features an AI-powered chat prompt that can assist developers in debugging and other repetitive tasks.
Lakera launched with $10M in funding that it plans to invest in protecting enterprises from some of the best-known LLM exploits, such as prompt injection and hallucinations. Furthermore, as part of their work on AI security, the startup co-founders served as advisors for the EU AI Act.
The 2023 State of AI Report has just been released, containing an in-depth analysis of the current situation in the field spanning from research and industry to politics and safety. The report also features the team's prediction for the most exciting developments to be seen in the following year.
Gradient recently emerged from stealth with $10M raised from Wing VC and other contributors. The startup lets enterprises train and deploy multiple domain-specific models to harness the power of generative AI in a user-friendly and cost-effective manner.
Lemurian Labs is taking a risk by planning to redesign AI computing to make it more effective, sustainable, and affordable for everyone. The company recently secured $9M in seed funding destined to release the software part of its stack.