Swedish legal tech startup Leya has secured $25 million in Series A funding to develop its AI platform, which aims to dramatically boost lawyer productivity by automating routine tasks and integrating existing legal resources.
Microsoft has made its AI-powered Designer app generally available, offering users across various platforms the ability to create and edit designs instantly using AI, with new features including integration with Microsoft 365 apps, custom content creation, and image editing capabilities.
Cohere and Fujitsu have formed a strategic partnership to develop and deploy advanced, secure Japanese language AI models for enterprise use, with plans to launch them in September 2024, and to combine Cohere's LLM expertise with Fujitsu's technologies to accelerate enterprise AI adoption.
Codestral Mamba, a coding model leveraging the Mamba architecture for speed and performance, and Mathstral, a state-of-the-art model for advanced mathematical reasoning, highlight the benefits of fine-tuning with high-quality data rather than aiming for size.
Hugging Face has introduced SmolLM, a new family of small but powerful language models trained on a high-quality dataset. The models are small enough to run efficiently on local devices while outperforming competitors in their size categories across various benchmarks.
AI-powered chess startup Echo Chunk has raised $1.4 million in pre-seed funding to continue developing its innovative puzzle game Echo Chess and expand its vision of using AI to revolutionize strategy game design and user-generated game content.
The UK's competition watchdog is looking into Microsoft's deal with Inflection AI, as Microsoft hired Inflection's leaders and most of its staff, raising questions about whether this is a merger that could affect fair competition in the AI industry.
Global healthcare AI company Huma has raised over $80 million in Series D funding and launched its AI-powered Huma Cloud Platform, which aims to revolutionize digital health by reducing project launch times from years to days while expanding its presence in hospitals and clinics worldwide.
Germany-based data management company One Data has secured €32 million in Series B extension funding to expand its AI-powered Data Product Builder platform, with plans to grow internationally and strengthen its position as a leader in data product management.
French startup Presti has raised $3.5 million to develop its generative AI technology that transforms single product images into realistic lifestyle photos for furniture companies, potentially revolutionizing product visualization while challenging traditional photography methods.
Czech startup Adam has secured €3 million in funding to expand its AI-driven platform that connects customers with tradespeople for home improvement projects, aiming to modernize the industry by addressing quality, availability, and transparent pricing in a unified solution.
UK-based Hey Savi has secured £2.2 million in pre-seed funding to revolutionize online fashion shopping with its AI-powered search and recommendation platform, connecting users to their desired fashion items within 60 seconds.