Humane launches its highly anticipated AI-powered wearable computer
Plus xAI introduces new PromptIDE and IBM launches $500M fund to invest in AI Startups
Today’s Highlights:
📰 News: Humane launches its highly anticipated AI Pin, a new device for the AI age + xAI introduces new PromptIDE
💰 Funding: IBM launches $500M Enterprise AI Venture Fund
⚡️ Top News Stories:
1. Humane launches its highly anticipated AI Pin, a wearable device simplifying tech interaction with voice and gesture controls, starting at $699.
The wearable device clips onto clothing, is powered by a Qualcomm Snapdragon processor and includes a camera, sensors, and a "personic" speaker.
The device requires a $24 monthly subscription which includes a phone number, cell data via T-Mobile, cloud storage, and unlimited AI queries
The AI Pin is controlled through voice, camera, gestures, and a green laser projector for displaying information and requiring manual activation for privacy
It operates on Cosmos OS, connecting to AI models, including GPT-4, to perform tasks like messaging, summarizing emails, identifying food nutrition, and real-time translation.
The device, which will start shipping in early 2024, aims to simplify user interaction with technology by eliminating traditional interfaces.
Humane views the AI Pin as the start of a broader project, with plans to expand capabilities through navigation, shopping, and developer-created tools.
2. OpenAI to enhance AI model accuracy and diversity through new Data Partnerships, targeting broader cultural and linguistic representation.
3. The U.S. leads 30 nations in a pledge to set ethical 'guardrails' for military AI, ensuring adherence to international law.
4. xAI introduces PromptIDE, a new IDE for advanced AI prompt engineering and research, aiming to enhance the development of Grok-1.
5. Figma enhances FigJam w/ AI, offering intuitive visual tools for non-designers that aim to facilitate better team communication by transforming simple prompts into dynamic diagrams
6. SAG-AFTRA secures over $1Bn deal with AI protections and streaming bonuses after historic 118-day strike.
7. Snapchat's new ChatGPT-powered AR lenses bring interactive, educational filters to users.
8. Bill Gates releases thoughts on AI agents, outlining a future where personalized digital assistants enhance daily life and challenge traditional computing.
9. Samsung previews transformative "Galaxy AI" with real-time phone call translation, debuting in 2024's Galaxy S24 lineup.
10. Google's AI search feature hits global markets, expanding to 120 countries and supporting seven languages.
💰 Top Funding News:
1. IBM launches a $500M Enterprise AI Venture Fund to invest in AI companies, targeting everything from early-stage startups to hyper-growth AI enterprises.
2. Black Ore, an AI+automation platform for financial services that accelerates core workflows, emerged from stealth with a $60M funding round, led by a16z and Oak HC/FT, with participation from General Catalyst, Founders Fund, Khosla Ventures, Trust Ventures, LionBird, SciFiVC, and SV Angel.
3. Elucid, a med-tech company that provides AI-powered imaging analysis software to assess cardiovascular disease, raised $80M in a Series C, led by Elevage Medical Technologies.
4. Eleos Health, which uses AI w/ proprietaryLLMs tailored to behavioral health to transform therapy conversations into actionable documentation and insights, raised $40M in a Series B led by Menlo Ventures.
5. Ritual, a company building open AI infrastructure, merging cryptography and AI to facilitate the open creation, distribution, and improvement of AI models, raised a $25M Series A, led by Archetype, with participation from Accomplice, Robot Ventures, dao5, Accel, Dialectic, Anagram, Avra, and Hypersphere. Notable angels include Balaji Srinivasan and others.
6. Tabnine, an AI-powered coding assistant that helps developers accelerate software development, raised a $25M Series B led by Telstra Ventures w/ Atlassian.
7. Evolv AI, a leader in digital experience optimization and personalization by utilizing AI to enhance online customer journeys, raised $13.3M in new funding led by Horizons Ventures.
8. Osmo, a machine olfaction startup that has developed an AI-enabled scent platform for discovering and producing compounds that repel, attract, or destroy disease-carrying insects, raised $8.5M in funding from the Bill & Melinda Gates Foundation.
9. Ozone, a cloud-based AI-powered video editing platform designed to streamline content creation, raised over $7M, from Y Combinator, NEA, General Catalyst and others.
10. Flip AI, an observability intelligence platform that leverages a LLM’s to predict incidents and generate root cause analyses in seconds, raised a $6.5M Seed Round, led by Factory, w/ Morgan Stanley Next Level Fund and GTM Capital
11. Ghost Autonomy, a leader in scalable autonomy software for consumer vehicles, pioneering the use of multi-modal large language models (MLLMs) in autonomous driving, raised a $5M investment from the OpenAI Startup Fund.
12. Eilla AI, a generative AI startup aiming to streamline administrative processes in private equity and venture capital, raised $1.5M, led by Eleven Ventures w/ Fuel Ventures.