AI coding assistant Cursor's parent company Anysphere is fielding unsolicited offers from major VC firms at valuations up to $2.5 billion, following explosive revenue growth from $4M annually to $4M monthly in less than a year.
Healthcare startup Conflixis raises $4.2M in seed funding to use AI and advanced analytics to help healthcare organizations better manage and understand conflicts of interest in their decision-making processes.
Panjaya's new AI dubbing platform BodyTalk synchronizes lip movements and body gestures for natural-looking video translations. BodyTalk early adopter TED reports doubled viewer completion rates and a 115% increase in views of dubbed content.
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German digital health company HelloBetter has received €3 million in funding to develop MindFIT, an AI-powered mental wellness platform that uses machine learning to provide personalized, modular support for various mental health challenges.
A portrait of Alan Turing created by Ai-Da, the world's first ultra-realistic robot artist, has made history by selling for $1.08 million at Sotheby's— becoming the first artwork by a humanoid robot to be sold at auction.
Amazon is reportedly negotiating a new multi-billion dollar investment in Anthropic, potentially tying the investment amount to Anthropic's commitment to using more of Amazon's custom Trainium chips instead of Nvidia-powered servers.
Mistral AI has launched two new services: a moderation API that leverages a Ministral 8B fine-tune to classify text according to nine categories describing common harms, and a batch API that enables developers to process high volumes of data for 50% of the cost of equivalent synchronous API calls.
Belgian-Swiss startup Predikt has secured €750,000 in funding to develop its AI-powered financial forecasting platform. Predikt combines internal financial data with millions of macroeconomic indicators to help large companies make more accurate financial predictions.
Nvidia has become the world's most valuable company with a market capitalization of $3.43 trillion, surpassing Apple. The company has largely addressed investor concerns that triggered a previous fall in its shares, as it continues to be the main beneficiary of the AI boom.
Research Grid, a startup founded by Dr. Amber Hill that uses AI to streamline clinical trial processes through its TrialEngine and Inclusive platforms, has secured $6.5 million in seed funding led by Fuel Ventures to expand its presence in the US and Asia and enhance its AI capabilities.
Following reports of China using Meta's Llama 2 model for military intelligence, Meta announced it would make its AI models available to US government agencies and contractors despite ongoing debates about the safety and usefulness of commercial models in military contexts.