Business
In the tech world, Google for Startups Accelerator is making waves with its transformative 10-week program. CEO of [HalloAI](https://www.hallo.ai/) Joon Beh raved about how the program increased their B2B client base by a staggering 900%. Meanwhile, [Harmonic Discovery](https://www.harmonicdiscovery.com/) CEO Rayees Rahman saw a 100X improvement in model training and inference times. The cherry on top? […]
Etsy has launched a new AI-powered feature called “Gift Mode” to help users discover personalized gift ideas based on specific preferences. The feature is essentially an online quiz that inquires about the recipient and the occasion, generating personalized gift guides from over 100 million items listed on the platform. It offers a “gift teaser” option […]
Apple has been relatively absent from the AI hype cycle, but analysts anticipate a move into AI with iOS 18 at the upcoming Worldwide Developers Conference. CEO Tim Cook’s strategy of letting competitors go first has positioned Apple to make a significant impact with its slow and steady AI efforts, backed by the acquisition of […]
The 2024 Connectivity Benchmark Report by MuleSoft, in collaboration with Vanson Bourne and Deloitte Digital, reveals the challenges and opportunities organizations face in integrating artificial intelligence (AI) into their operations. The report is based on interviews with 1,050 IT leaders across the globe and highlights several key insights: Over three-quarters of organizations are using multiple […]
The AI landscape is abuzz with the latest strategic collaboration between tech giants Google and Hugging Face. The collaboration aims to empower developers with seamless access to Google Cloud services, fostering the rapid development of open generative AI applications. This partnership enables teams utilizing Hugging Face’s open-source models to harness the resources of Google […]
PayPal is piloting new updates to its service, including a personalized cash-back offering called “CashPass,” an AI-powered “Smart Receipts” feature, enhanced checkout experiences, and Venmo enhancements for small businesses. The CashPass feature will offer personalized cash-back offers from partners such as Best Buy, eBay, Priceline, Ticketmaster, Uber, Walmart, and McDonald’s, with the ability to […]
Oracle has announced the general availability of OCI Generative AI Services, a managed service geared toward enterprise users who want to leverage generative AI without moving their data from existing Oracle databases. OCI Generative AI Services is designed to allow enterprises to build generative AI applications on top of their existing data store, making […]
ElevenLabs, a voice AI startup based in Brooklyn, has successfully raised an $80 million Series B at a unicorn valuation. This marks a significant up round from its previous funding and showcases the high investor interest in AI technology. The Series B was co-led by prestigious investors such as Andreessen Horowitz, Nat Friedman, and […]
OpenAI CEO Sam Altman is seeking billions of dollars in capital to build a network of AI chip fabs, with the goal of ensuring a healthy supply of AI processors to meet growing demand for neural network accelerators. He has approached outfits like G42, Softbank, and Microsoft for funding. The lack of AI processors could […]
Retailers are keen on implementing AI to enhance operations and drive revenue, but face hurdles due to inadequate data management practices and technical expertise. A research study commissioned by Epicor found that while 70% of retailers recognize the importance of an AI-powered retail management system, only a small percentage currently leverage advanced AI, with data […]
CES 2024 is buzzing with excitement over the latest announcement from Rabbit, a $199 AI gadget designed by Teenage Engineering. The partnership with Perplexity promises to revolutionize the device by providing live, up-to-date answers without any knowledge cutoff. The collaboration aims to offer a seamless user experience, with the first 100,000 purchases of the Rabbit […]
Mark Zuckerberg, CEO of Meta Platforms Inc., announced that the company is working on building “general intelligence” for AI assistants and “open sourcing it responsibly,” while bringing together its two major research groups, FAIR and GenAI, to make it happen. The announcement has sparked discussions about the potential invention of truly general AI and […]
London-based startup Recraft has raised $12 million in a series A funding round led by Khosla Ventures and former GitHub CEO Nat Friedman, with plans to develop AI-powered graphic design tools for brand-centric designers. Recraft differentiates itself by targeting the niche professional segment of brand-centric graphic designing and offers a web platform where users […]
Credo AI, known for its AI governance platform, has partnered with Databricks Data Intelligence Platform to enable Databricks customers to track and manage AI risk and compliance at scale, providing transparency about their AI systems throughout the development lifecycle. The integration will leverage Databricks’ MLFlow to automatically translate model metrics and metadata into required […]
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