In December 2022, someone was looking for Emad Mostaque. The founder and CEO of Stability AI, one of the hottest startups in the nascent generative AI field, could not be found. Even Mostaque’s wife, Zehra Qureshi, was not sure. She texted an employee, worried about Mostaque and noting that he’d left home in his pajamas. …
Clegg, a former British deputy prime minister, argued that policing AI was akin to building a plane already in flight — inherently risky and difficult work. Harris trumpeted Washington’s efforts to address the dangers of AI through voluntary business agreements as the world’s gold standard. Ursula von der Leyen, the European Commission president, who was …
Canadian artificial intelligence (AI) startup Cohere is reportedly in advanced discussions to raise $500 million. That funding would value the company — which makes foundation models to compete with ChatGPT creator OpenAI — at $5 billion, Reuters reported Thursday (March 21), citing a source familiar with the matter. According to that source, Cohere’s annualized revenue run rate has …
Microsoft Corp. has agreed to pay Inflection AI $650 million, largely to license its artificial intelligence software, alongside its move earlier this week to hire much of the startup’s staff, according to a person familiar with the transaction. Microsoft stunned the AI world on Tuesday with an announcement that it had hired Inflection’s co-founders Mustafa …
TipTop, the startup that offers instant cash for electronics, is launching TipTop Shop, a way for users to purchase and trade in devices. TipTop Shop builds on the success of TipTop Cash, which was released late last year. It lets people get instant payouts for electronic devices like smartphones, iPads, cameras, game systems and more. …
AI was a topic that dominated discussions at this year’s ViVE conference, which was held in late February in Los Angeles. There’s certainly a great deal of excitement surrounding the technology — but it has yet to prove itself when it comes to solving healthcare’s most pressing crises, such as the clinical burnout crisis or …
Indian app developers, affected by Google’s delisting action, have urged the government to intervene and restore their apps on the Play Store to ensure business continuity. They have argued that since the matter is pending before the Competition Commission of India, Google should await its final order before taking action. The Indian app developers, under …
China is reportedly taking measures to help its rising AI startups compete with tech giants. As the Financial Times (FT) reported Monday, at least 17 cities have committed to offering “computing vouchers” for startups to help them pay for increasing data center costs amid a shortage of the type of chips that are vital to the artificial …
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. I don’t code much anymore, but I’ve been hacking away with a small murder of Arduinos (clearly, like for crows, the plural for an Arduino is …
Published: Feb. 15, 2024 at 9:00 a.m. ET The unlikely trio of Nvidia Corp. Chief Executive Jensen Huang, Super Bowl legend Joe Montana and former Walt Disney Co. Chairman Jeffrey Katzenberg do have something in common. They’re all backing enterprise AI startup Alembic, fresh off $14 million in series A funding led by WndrCo, the …