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April 17-21 AI Wrap Up Pt. 1
🌯 The Weekend AI Wrap Up Pt. 1 🌯
In case you missed anything here’s the quick recap of this week's top News, Funding, and Content.
Thanks as always and enjoy the weekend,
The Work With AI Team
📰 This Week's Top Stories
- Announcing Google DeepMind (link)
- Elon Musk plans artificial intelligence start-up to rival OpenAI (link)
- Sam Altman: Size of LLMs won’t matter as much moving forward + pause on GPT-5 (link)
- Google Devising Radical Search Changes to Beat Back A.I. Rivals (link)
- New to Techcrunch Disrupt, the AI Stage (link)
- Meta AI releases DINOv2: State-of-the-art computer vision models with self-supervised learning (link)
- Adobe is adding video editing tools to the Firefly suite (link)
- Microsoft Readies AI Chip as ML Costs Surge (link)
- Reddit Wants to Get Paid for Helping to Teach Big A.I. Systems (link)
- Synthesis AI debuts high-resolution text-to-3D capabilities (link)
- Stability AI Launches the First of its StableLM Suite of Language Models (link)
- Microsoft is dropping Twitter from its advertising platform (link)
- Snap expands AI chatbot with ability to create images (link)
- Salesforce is working on a pair of new generative AI-driven workflow tools (link)
- Stack Overflow Will Charge AI Giants for Training Data (link)
💰 Funding News
CYFIRMA, an external threat landscape management company, has raised a Pre-Series B funding round of $18 million from OurCrowd and L&T Innovation Fund, among others.
Capitola, a smart digital marketplace for brokers and carriers in the insurance industry, has raised $15.6 million in Series A funding, led by MunichRe Ventures.
Safe Security, a cyber risk management SaaS platform, has raised $50 million in a Series B round led by Sorenson Capital, with participation from Eight Roads, Telstra Ventures, WTI, and all existing investors.
Nativo, a content technology platform, has raised up to $25 million of structured capital from Capital IP (Aron Dantzig, Partner).
Clerkie, a startup that uses technology to help lenders manage loan losses and optimize debt repayment, has raised $33 million in Series A funding from Left Lane Capital and other investors, including Wellington Management Company and Citi Ventures.
Coro, an AI-powered cybersecurity platform, has raised an additional $75 million in funding led by Energy Impact Partners (Shawn Cherian, Partner at Energy Impact Partners), bringing their total funding in the last year to $155 million.
EdgeQ specializes in 5G wireless infrastructure and AI, and has received $75 million in funding from investors such as Phaistos Investment Fund and EDBI to develop its next-generation chip and meet customer demand for its "Base Station-on-a-Chip."
Lexion, a company that provides AI-powered contract analysis, has raised $20 million in a Series B funding round led by Point72 Ventures (Sri Chandrasekar, Managing Partner) with participation from Khosla Ventures (Kanu Gulati, Partner), Citi Ventures, Madrona Venture Group, and Wilson Sonsini.
Trullion is an AI-powered accounting software platform that automates corporate accounting workflows, including lease accounting, revenue recognition, and audit automation tools. They raised $30 million in total, including $15 million from its latest funding round led by StepStone Group and participated by Aleph, Third Point, and Greycroft.
CoreWeave, a specialized cloud provider, has received $221 million in Series B funding led by Magnetar Capital, with contributions from NVIDIA, Nat Friedman, and Daniel Gross.
Fletch, an AI-powered cybersecurity solution, raised $12.5 million in a series A funding round led by True Ventures.
🔥 Hot Content
1. A song called “heart on my sleeve” by Drake and The Weeknd absolutely took over social media. The catch? It was entirely generated using AI by TikTok user “Ghostwriter977”. After a couple days of racking up views across music streaming platform it was swiftly taken down due to copyright claims.
2. In this episode of In Machines We Trust, host Jennifer Strong sits down with University of Oxford and Article19 Human Rights Researcher Mahsa Alimardani to discuss “smart cities” and what they might mean for privacy. Mahsa is studying how this is being applied in Iran and goes in-depth on one of the nation’s top smart cities, to learn how its efforts there have evolved over time.
3. The Practical AI podcast invited Rajiv Shah, ML engineer at Hugging Face, to discuss how Large Language Models have been evolving as well as several intriguing topics such as in-context learning, reasoning, LLM options, and related tooling.
4. Computer Vision models have been evolving fast and Matt Wolfe put together an awesome video breaking down all the recent developments including MiniGPT-4, DINOv2, Apple Facelit, and Adobe Firefly.
5. OpenAI co-founder Greg Brockman discusses the design principles of ChatGPT and shares unreleased plug-ins in a TED Talk. He is joined by TED head Chris Anderson to discuss the risks of releasing such a powerful tool.
6. This video from ColdFusion goes in-depth into how AI-generated art has rapidly evolved over the last few months and the trouble that it may spell for artists in nearly all industries. The recent wave of AI-generated music seems to be bringing the legal ramifications of AI-generated content into the mainstream and is raising awareness around the need for regulation of AI tech.
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