Kyt Dotson – SiliconANGLE

Qdrant launches pure vector-based hybrid search for more accurate AI data retrieval

Kyt Dotson — Tue, 02 Jul 2024 12:00:43 +0000

High-performance open-source vector database Qdrant today announced the launch of BM42, a new pure vector-based hybrid search approach for modern artificial intelligence and retrieval-augmented generation applications. The new algorithm marks a new generation of text-based keyword search capabilities for RAG and AI applications, which allows enterprise customers to combine the best of both worlds. It […]

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Blockchain security startup Mamori raises $5M to use machine learning to detect exploits

Kyt Dotson — Mon, 01 Jul 2024 16:40:40 +0000

Blockchain security startup Mamori today announced it has secured $5 million in seed funding for its platform that uses machine learning to detect and remediate exploits. The round was led by Blockchain Capital. Velocity Capital and Web3.com also participated in the round, the company said, along with angel investors Grigore Rosu, Daniel Lubarov, Alex Watts, […]

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Baidu unveils Ernie 4.0 Turbo in a ‘significant upgrade’ to its AI chatbot

Kyt Dotson — Fri, 28 Jun 2024 16:15:20 +0000

Chinese search giant Baidu Inc. today unveiled an upgraded version of its artificial intelligence model named Ernie 4.0 Turbo and stated that the generative AI chatbot has reached 300 million users to date. The company released the model to maintain its position in the competitive Chinese AI market as a significant upgrade to the Ernie […]

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Google uses AI to bring 110 new languages to Translate

Kyt Dotson — Thu, 27 Jun 2024 17:00:10 +0000

Google LLC said today that it’s bringing 110 new languages to its web and smartphone translation app using the power of artificial intelligence, making it more comprehensive than ever with 243 languages in total. This is the largest expansion to date for Google Translate since 2022, when the company brought 24 new languages to the […]

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AI chip startup Axelera raises $68M to broaden offerings from edge to cloud

Kyt Dotson — Thu, 27 Jun 2024 16:00:53 +0000

Edge artificial intelligence chip startup Axelera AI B.V., a Netherlands-based company that makes purpose-built silicon for generative AI and computer vision, today announced it has raised $68 million in new funding. The company’s Series B funding round is Europe’s largest oversubscribed Series B round in the fabless semiconductor industry and brings Axelera’s total funding to […]

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Google sets sights on the enterprise with wider releases of Gemini 1.5 Flash, 1.5 Pro and Imagen 3

Kyt Dotson — Thu, 27 Jun 2024 13:00:51 +0000

Google LLC is continuing its steady development of enterprise-ready artificial intelligence models with an announcement today that it’s bringing out its low-latency model Gemini 1.5 Flash in public preview and Gemini 1.5 Pro’s 2 million-token input window in general availability. The company also announced that its next-generation high-quality text-to-image generating model Imagen 3 is now […]

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Norm Ai raises $27M to help businesses handle regulatory compliance with AI agents

Kyt Dotson — Wed, 26 Jun 2024 16:00:58 +0000

Norm Ai Inc., the developer of an artificial intelligence powered regulatory compliance platform, announced Tuesday that it has raised $27 million in early-stage funding on its journey to expand its use of AI agents for regulatory assessments. The company’s Series A funding round was led by Coatue, with participation from Bain Capital Ventures, Blackstone Innovations […]

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Motorola and Google Cloud team up to bring generative AI to Razr family of smartphones

Kyt Dotson — Tue, 25 Jun 2024 16:00:54 +0000

China’s Lenovo Group Ltd.-owned smartphone brand Motorola and Google Cloud today announced a multiyear partnership to bring generative artificial intelligence to Motorola phones, starting with the new series of Razr smartphones. Among the first phones to get the AI experiences will be Motorola’s flagship Razr 50 Ultra clamshell smartphone, which is launching today. The new […]

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SandboxAQ announces first navigation system powered by AI and quantum to tackle GPS attacks

Kyt Dotson — Tue, 25 Jun 2024 13:00:57 +0000

The developer of quantum sensing technologies SandboxAQ today announced a breakthrough navigational platform designed as a backup when the global positioning system is jammed or otherwise not available. The new system, called AQNav, combines advanced quantum sensors and artificial intelligence algorithms along with a map of the Earth’s magnetic field to provide an unjammable, all-weather, […]

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Collaborative developer tool Multiplayer launches with IT architecture auto-documentation feature

Kyt Dotson — Fri, 21 Jun 2024 17:45:26 +0000

Multiplayer Software Inc., the developer of a collaborative tool for software design of backend systems, announced today that its platform is now generally available after being in beta test mode since February. In addition to the general availability launch, the new toolset includes a beta observability feature for system architecture. This feature automatically documents technical […]

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OpenAI acquires enterprise information retrieval startup Rockset

Kyt Dotson — Fri, 21 Jun 2024 17:00:13 +0000

OpenAI, the company behind ChatGPT, today acquired Rockset Inc., a startup known for a high-speed database of the same name designed for information retrieval. The aim is to provide the artificial intelligence company a platform for its customers to better index and query their data. Rockset’s platform enables users, developers and enterprise businesses to rapidly search capabilities […]

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Anthropic launches Claude 3.5 Sonnet to raise bar for model intelligence in coding and visual processing

Kyt Dotson — Thu, 20 Jun 2024 17:10:13 +0000

Anthropic PBC today launched Claude 3.5 Sonnet, the company’s first release in a forthcoming artificial intelligence large language model family that outperforms both competing models and its Claude 3 Opus model, which was introduced three months ago. The AI research startup said the new model comes out of the box operating at twice the speed […]

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Daydream raises $50M to change online shopping using personalized AI discovery

Kyt Dotson — Thu, 20 Jun 2024 15:45:35 +0000

Daydream, a startup founded by e-commerce veterans, today announced it has raised $50 million in seed funding to change how people discover products when shopping online, using artificial intelligence to provide a more personalized experience. The massive opener funding round was co-led by Forerunner Ventures and Index Ventures with participation from Alphabet Inc.’s startup investment […]

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Materia launches with $6.3M to provide generative AI assistance for public accounting firms

Kyt Dotson — Thu, 20 Jun 2024 13:00:40 +0000

Materia, a comprehensive artificial intelligence platform built for public accounting firms, today launched with more than $6.3 million in funding to help companies deal with the current accounting labor crisis. The round was led by Spark Capital. Other investors also participating in the round included Haystack Ventures, Thomson Reuters Ventures, Exponential Founders Capital and the […]

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CuspAI raises $30M for AI-designed materials discovery and evaluation on demand

Kyt Dotson — Tue, 18 Jun 2024 17:30:28 +0000

Applied artificial intelligence startup CuspAI today announced that it has raised $30 million in a seed round to build a platform for AI-driven material design that will assist with the rapid discovery and evaluation of new structures. Based in Amsterdam and Cambridge, CuspAI was founded by Chief AI Officer Professor Max Welling, a former distinguished scientist […]

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Researchers introduce OpenVLA, an open-source generalist AI model for robotics tasks

Kyt Dotson — Tue, 18 Jun 2024 16:00:10 +0000

Researchers from Standford University, University of California Berkeley, Google DeepMind, Massachusetts Institute of Technology and other labs have released OpenVLA, an open-source visual-language-action artificial intelligence model designed for guiding robots based on prompts. For some time now, researchers have been working toward methods of generalizing a way of having robotics better understand the world using VLAs […]

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Niantic launches Studio for web-based immersive 3D and mixed reality creation

Kyt Dotson — Tue, 18 Jun 2024 15:00:10 +0000

Augmented and virtual reality platform developer Niantic Inc., the company behind the popular AR game “Pokemon Go,” today announced the launch of a new visual interface for developers that will help them create 3D and mixed reality games with greater ease. The company announced the new free-to-use software development platform, Niantic Studio, during Augmented World […]

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Varjo unveils ‘Teleport,’ a service that lets smartphones turn real-world places into VR scenes

Kyt Dotson — Tue, 18 Jun 2024 13:00:41 +0000

Finland-based virtual reality firm Varjo Technology Oy today unveiled Teleport, a brand-new service that will allow users to create 3D environments for spatial computing applications such as virtual reality using only their smartphones. Until now, virtual and mixed reality experiences were cumbersome and difficult to get into VR. Much of building for VR content has […]

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D-Wave announces new hybrid quantum solver for commercial applications supporting 2M variables

Kyt Dotson — Mon, 17 Jun 2024 11:00:09 +0000

Quantum computing systems maker D-Wave Quantum Inc. today announced the launch of a new commercial hybrid quantum computing system that can solve problems for practical commercial applications by supporting 2 million variables and constraints, double the number of its previous solutions. The announcement, which took place at the company’s Qubits 2024 user conference, revealed that its new […]

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Near Foundation launches Nuffle Labs with $13M to advance modular blockchain infrastructure

Kyt Dotson — Thu, 13 Jun 2024 17:15:57 +0000

Near Foundation, the steward of the scalable and performant blockchain Near Protocol, said today it’s spinning out its modular product suite into Nuffle Labs and raised $13 million in external funding for the new company. The new funding included a $7 million strategic grant from the Near Foundation itself to the newly formed company alongside $6 […]

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Dublin-based AccountsIQ bags $65M to bring more AI-powered products to accountants

Kyt Dotson — Thu, 13 Jun 2024 16:05:29 +0000

Dublin-based cloud accounting platform AccountsIQ announced today it has secured €60 million ($65 million) in Series C funding led by Axiom Equity to fuel the expansion of artificial intelligence-powered products so its customers can take advantage of the growing suite of tools. Launched in 2008, AccountsIQ provides a cloud-based financial management software designed to help the […]

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Fastly releases global cloud AI accelerator to help developers reduce costs and boost performance

Kyt Dotson — Thu, 13 Jun 2024 12:30:38 +0000

Global edge cloud platform Fastly Inc. today announced the launch of its artificial intelligence accelerator, a solution that will help developers build AI apps with lower latency to users, higher performance and reduced costs. The AI Accelerator works by reducing application programming interface calls and bills using intelligent, semantic caching. It sits between the developer’s […]

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Stability AI releases SD3 Medium, its ‘most advanced’ text-to-image generating AI model yet

Kyt Dotson — Wed, 12 Jun 2024 15:30:04 +0000

Generative artificial intelligence startup Stability AI Ltd. today announced the release of what the company called its “most advanced” text-to-image open-source AI model within its Stable Diffusion 3 series, called Stable Diffusion 3 Medium. The new AI model is built on 2 billion parameters. It supports features such as photorealistic image production that overcomes common artifacts in […]

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AlphaSense raises $650M at $4B valuation, agrees to acquire rival Tegus in $930M deal

Kyt Dotson — Tue, 11 Jun 2024 18:05:41 +0000

Market intelligence platform AlphaSense Inc. said today it has raised $650 million in funding, bolstering its valuation to $4 billion, and agreed to buy rival firm Tegus Ltd. in a deal valued at $930 million. The funding round follows a $150 million raise in September 2023 that valued the company at $2.5 billion. The current fundraise was co-led […]

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French open-source AI model startup Mistral AI raises $640M at $6B valuation

Kyt Dotson — Tue, 11 Jun 2024 15:45:21 +0000

Mistral AI, a Paris-based artificial intelligence startup, today announced that it has raised €600 million ($640 million) in new funding at a valuation of $6 billion in a round led by General Catalyst. The funds come from a Series B round after reports last month that the company was seeking $600 million at around a […]

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Timescale unveils high-performance AI vector database extensions for PostgreSQL

Kyt Dotson — Tue, 11 Jun 2024 13:00:37 +0000

Timescale Inc., a PostgreSQL cloud database company, today announced the release of two new open-source extensions that significantly enhance its scalability and ease of use for artificial intelligence applications when retrieving data from vector databases. The new extensions, pgvectorscale and pgai, bring to bear the ability to use PostgreSQL, an open-source relational database for vector […]

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Apple unveils generative AI ‘Apple Intelligence’ coming to iPhone and Mac

Kyt Dotson — Mon, 10 Jun 2024 23:18:33 +0000

Apple Inc. today unveiled its long-awaited artificial intelligence strategy at its Worldwide Developer Conference with its “Apple Intelligence” technology that will be integrated deeply into all its devices and apps, including its AI assistant Siri. The company also announced a partnership with OpenAI to bring ChatGPT to its devices, including access to GPT-4o, the generative AI company’s […]

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At WWDC, Apple announces macOS Sequoia, iOS 18 and VisionOS 2

Kyt Dotson — Mon, 10 Jun 2024 22:03:54 +0000

Apple Inc. revealed several previews of its upcoming software updates today during its Worldwide Developer Conference, including new features coming in its next-generation macOS Sequoia, iOS 18, iPadOS 18 and VisionOS, the company’s mixed-reality operating system. The updates to macOS, iOS and iPadOS will roll out with a new feature called Apple Intelligence, a generative […]

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AppSec platform Backslash unveils enterprise-grade security updates for its ‘reachability’ tools

Kyt Dotson — Thu, 06 Jun 2024 17:20:33 +0000

Israeli application security startup Backslash Security Inc. today announced a large number of updates to its platform that will enhance “reachability,” or attackability, analysis and security for the enterprise across the full application development lifecycle. New features include on-premises integrations, security team workflow integrations and automation features, continuous integration and deployment features for DevOps teams […]

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Robinhood agrees to acquire crypto exchange Bitstamp in global expansion effort

Kyt Dotson — Thu, 06 Jun 2024 15:30:02 +0000

Online stockbroker and trading Robinhood Markets Inc. said today that it has agreed to acquire Bitstamp Ltd., a cryptocurrency exchange with global reach, in an effort to deepen the company’s crypto offerings and expand its customer base outside the United States. According to the agreement, Bitstamp will be sold to Robinhood in a $200 million […]

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