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Tola Capital

Tola Capital Breaks Ground with $230M Fund for AI-Driven Enterprise Software Investment

Seattle-based Tola Capital has reached a pinnacle in fundraising, securing a substantial $230 million for its third fund dedicated to AI-enabled enterprise software investment. This achievement marks the largest fund closure in the company’s history. In the recent surge of venture capital fund announcements, Tola Capital stands out by raising an impressive amount for its …

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Google DeepMind AI

Google DeepMind AI Reveals Potential for Lots of Novel Materials

In a groundbreaking development, Google DeepMind leverages artificial intelligence (AI) to forecast the structure of over 2 million novel materials, paving the way for advancements in tangible technologies, as outlined in a research paper featured in the esteemed science journal Nature on Wednesday. The AI prowess, under the umbrella of Alphabet (GOOGL.O), envisions nearly 400,000 …

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Stability AI Contemplates Sale, CEO Under Pressure

Stability AI Contemplates Sale, CEO Under Pressure

In the midst of controversy surrounding CEO Emad Mostaque and key executives departing due to copyright concerns, Stability AI, renowned for its Stable Diffusion, is reportedly exploring the possibility of a sale, casting a shadow over its future. Bloomberg’s Wednesday report suggests that Coatue Management, a US-based technology investment company, fired off a letter to …

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AI Breast Cancer Treatment

Revolutionizing Breast Cancer Treatment: AI’s Precision Paves the Way

In a groundbreaking stride toward personalized breast cancer treatment, a new study by Northwestern Medicine reveals the prowess of Artificial Intelligence (AI) in predicting patient outcomes with unparalleled accuracy. This could potentially spare breast cancer patients unnecessary chemotherapy treatments, heralding a new era in medical precision. AI Outshines Expert Pathologists: The study showcases AI evaluations …

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Amazon's AI-Powered Holiday Shopping Magic: 5 Ways Technology is Revolutionizing Your Delivery Experience

Amazon’s AI-Powered Holiday Shopping Magic: 5 Ways Technology is Revolutionizing Your Delivery Experience

From the moment you decide to click ‘purchase’ to the joyous arrival of your package, Amazon’s utilization of Artificial Intelligence (AI) is seamlessly woven into every step of the process. Here’s a glimpse into the five ways Amazon is harnessing the power of AI to elevate your holiday shopping experience and expedite deliveries. 1. Smart …

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Children Crafting AI-Generated Inappropriate Content

Children Crafting AI-Generated Inappropriate Content

A concerning revelation emerges as the UK Safer Internet Centre (UKSIC) sheds light on a distressing phenomenon: children using artificial intelligence (AI) image generators to create indecent images of their peers. This disconcerting trend has prompted calls for immediate action from the charity, emphasizing the urgency of addressing the issue before it escalates. The UKSIC …

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AI Powered weapons

The Pentagon is edging closer to authorizing AI-powered weapons to independently decide on lethal actions against humans.

In a notable shift, the Pentagon is edging closer to authorizing AI-powered weapons to independently decide on lethal actions against humans. The prospect of deploying AI-controlled drones capable of autonomously selecting human targets is becoming a tangible reality, as reported by The New York Times. This technological leap involves the development of lethal autonomous weapons, …

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Open AI dev day

OpenAI Unveils GPT-4 Turbo and Fine-Tuning Program for GPT-4

During its inaugural developer conference, OpenAI introduced GPT-4 Turbo, an enhanced iteration of its flagship text-generating AI model, GPT-4, touting both increased potency and cost-effectiveness. GPT-4 Turbo is presented in two variations: one designed solely for text analysis and another that comprehends both text and images. The text analysis model is currently available in preview …

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AI's proxy war escalates as Google reportedly invests $2B in Anthropic

AI’s proxy war escalates as Google reportedly invests $2B in Anthropic

Anthropic, the latest beneficiary of Google’s reported massive $2 billion investment, finds itself joining OpenAI in the forefront of the artificial intelligence realm, reaping the rewards from tech behemoths that have failed to keep pace. It’s becoming a recurring theme: while some innovate, others invest. Sources familiar with the matter, as cited by The Wall …

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Vespa Secures $31M Investment from Blossom after Yahoo Spin-out

Vespa Secures $31M Investment from Blossom after Yahoo Spin-out

Vespa.ai, the robust big data serving engine that recently emerged as an independent venture following its spin-out from Yahoo (a disclaimer: TechCrunch’s parent company), has successfully closed a fresh round of funding. Blossom Capital spearheaded the $31 million investment in Vespa, with CEO Jon Bratseth highlighting the company’s intention to use the funds for the …

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Google Introduces Advanced Generative AI Tools for U.S. Product Images

Google Introduces Advanced Generative AI Tools for U.S. Product Images

Google has recently unveiled a series of innovative generative AI tools tailored for advertisers in the United States. This release introduces an array of features under Product Studio, empowering advertisers to swiftly create and modify product images seamlessly. With the aid of Product Studio, merchants can now effortlessly generate product imagery using simple text prompts, …

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Apple's High-Speed Advancements Suggest Ambitious Plans for the AI Era

Apple’s High-Speed Advancements Suggest Ambitious Plans for the AI Era

In a thrilling product launch event just before Halloween, Apple CEO Tim Cook, clad in all black at the Cupertino, California-based headquarters, unveiled the next phase of Mac computers, hinting at the company’s profound foray into a more AI-driven future. With the spotlight on the theme “scary fast,” Apple introduced its latest custom-made M3 chips, …

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Scarlett Johansson Initiates Legal Action Against AI App for Unauthorized Use of Her Likeness in Advertisement

Scarlett Johansson Initiates Legal Action Against AI App for Unauthorized Use of Her Likeness in Advertisement

Renowned actress Scarlett Johansson has recently taken legal measures against an AI app that utilized her name and image in an online advertisement without her consent. The ad, lasting 22 seconds, was showcased on X/Twitter by an artificial intelligence image-generating application known as Lisa AI: 90s Yearbook & Avatar. A spokesperson for Johansson confirmed to …

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LinkedIn Surpasses 1 Billion Members, Unveils New AI Chatbot to Aid Job Seekers

LinkedIn Surpasses 1 Billion Members, Unveils New AI Chatbot to Aid Job Seekers

LinkedIn, in a significant stride, recently hit the impressive milestone of surpassing 1 billion members. In conjunction with this achievement, the platform introduced a new AI-powered chatbot designed as a “job seeker coach,” alongside other innovative AI tools catered specifically to its Premium members. This AI chatbot, driven by the formidable capabilities of OpenAI’s GPT-4, …

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Cloud providers market shares

AI’s Impact on Cloud Services: Microsoft Ascends, Amazon Foresees Billions in Revenue

AI’s influence in the realm of cloud computing has become a potent catalyst for revenue growth among major players in the industry. As global spending on cloud infrastructure services soared to an impressive $68 billion in the third quarter, marking an 18% surge from the previous year, tech giants such as Microsoft, Amazon, and Google …

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Google Map Immersive View for Routes

Google injects Maps with “Immersive view for routes” and a host of cutting-edge AI features

Google has recently injected Maps with a host of cutting-edge AI features, bringing a fresh perspective to our digital navigation experiences. The tech titan’s latest maneuvers showcase a heightened integration of machine learning capabilities within the beloved app. Among the notable additions is the introduction of ‘Immersive View for routes,’ a captivating innovation that offers …

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