Artificial intelligence (AI) startup Cohere is reportedly working on a new funding round, two months after completing its previous one. The amount the company is seeking to raise is undetermined, but it is said to be seeking a valuation higher than the $2.2 billion it achieved in...
Who is winning Big Tech’s generative artificial intelligence (AI) war? While some of the world’s largest companies, including Alphabet’s Google, Microsoft, Oracle, Meta and many more are drawing up their battle lines against not just each other but also innovative and agile startups like Anthropic and OpenAI, the question of primacy will likely be answered...
Venture firm Greylock Partners is reportedly experiencing a transition as Reid Hoffman, a prominent figure in the tech industry, scales back his involvement in new deals. Hoffman, a co-founder of LinkedIn and a member of the “PayPal Mafia,” has decided to focus on artificial intelligence (AI), leading to...
AI21 Labs has raised $155 million in Series C funding to further develop and provide generative artificial intelligence (AI) services to businesses. With this latest funding, AI21 Labs has now raised a total of $283 million, valuing the company at $1.4 billion, the AI and...
OpenAI is reportedly facing a complaint filed with the Polish data protection authority that raises concerns about the company’s compliance with the European Union’s General Data Protection Regulation (GDPR). The complaint alleges that the ChatGPT creator is in breach of several dimensions of the GDPR,...
OpenAI is reportedly on the road to reaching $1 billion in yearly revenue. The maker of the generative artificial intelligence (AI) bot ChatGPT is taking in roughly $80 million in revenue per month, Bloomberg News reported late Tuesday (Aug. 29), citing a source familiar with...
SoundHound AI, Inc., a leader in voice artificial intelligence, has joined forces with ChowNow, an online ordering and marketing platform for independent restaurants. This strategic partnership, announced Tuesday (Aug. 29), aims to revolutionize how restaurants handle inbound customer calls by introducing SoundHound’s Smart Answering service. With the integration...
Generative artificial intelligence (AI) has changed the game so fast that companies and governments alike are trying to play catch-up. That is because the innovation is one of the first technologies that can violate nearly all of an organization’s internal corporate policies in one fell...
Lawmakers around the globe are organizing their efforts to tackle artificial intelligence (AI) more aggressively. Both Beijing and Brussels have struck first, although the European Union’s (EU) AI Act has been passed as a first draft. “The AI Act presents a very horizontal regulation, one...
