Kyt Dotson – SiliconANGLE

IntelePeer raises $140M to automate customer service with generative AI

Kyt Dotson — Fri, 26 Jul 2024 16:50:13 +0000

Artificial intelligence-powered communication automation provider IntelePeer Cloud Communications LLC announced Thursday it has raised $140 million in new equity and debt financing to support the company’s continued development of generative AI services to reinvent contact center customer service experiences. The company’s equity funding was co-led by Savant Growth LLC and VantagePoint Capital Partners with support from Savant […]

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Google DeepMind unveils AI models for solving advanced mathematical problems

Kyt Dotson — Thu, 25 Jul 2024 18:45:09 +0000

Google DeepMind, Google LLC’s artificial intelligence research unit, today unveiled two new AI models that are capable of advanced mathematical reasoning for solving complex math problems, which current models struggle with. The company presented AlphaProof, a reinforcement-learning model capable of formal math reasoning, and AlphaGeometry 2, an improved version of the company’s existing geometry-solving system. DeepMind […]

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Alibaba-backed Chinese AI startup Baichuan raises $691M

Kyt Dotson — Thu, 25 Jul 2024 16:05:12 +0000

The Beijing-based artificial intelligence startup Baichuan Intelligent Technology today said it has raised 5 million yuan ($691 million) in new funding from major Chinese technology giants Alibaba Holding Ltd., Tencent Holdings Ltd. and smartphone maker Xiaomi Corp. The company is now valued at more than 20 billion yuan ($2.7 billion) according to a report from […]

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Stability AI introduces Stable Video 4D, its new AI model for 3D video generation

Kyt Dotson — Wed, 24 Jul 2024 18:00:35 +0000

Open generative artificial intelligence startup Stability AI Ltd., best known for its image generation tool Stable Diffusion, is working hard on developing AI models for 3D video. Its newest model announced today can take a single video of an object from one angle and reproduce it from multiple angles. Stable Video 4D can transform a video […]

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Caldera raises $15M to help developers deploy their own scaling for blockchain networks

Kyt Dotson — Wed, 24 Jul 2024 16:45:26 +0000

Caldera, a Web3 infrastructure platform that helps developers deploy Ethereum rollups for scaling up blockchain networks, today announced it has raised $15 million in an early-stage funding round. Today’s Series A funding round was led by Peter Thiel’s Founders Fund with participation from Dragonfly, Sequoia Capital, Arkstream Capital and Lattice. This latest investment brings Caldera’s […]

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Meta introduces Llama 3.1, its biggest and best open-source AI model to date

Kyt Dotson — Tue, 23 Jul 2024 17:05:29 +0000

Meta Platforms Inc. today unveiled its largest-ever open-source artificial intelligence model to date, Llama 3.1 405B, that the company claims can rival even the most powerful closed models on the market, including those from OpenAI and Anthropic PBC. According to Meta, Llama 3.1 excels at state-of-the-art capabilities such as general knowledge, math, tool use and […]

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Electric autonomous tractor company Monarch Tractor raises $133M

Kyt Dotson — Tue, 23 Jul 2024 16:10:53 +0000

Monarch Tractor, the creator of a fully electric driver-optional smart tractor, announced Tuesday it has raised $133 million in fresh funding in the largest fundraiser by an agricultural robotics firm to date to build artificial intelligence-driven sustainable farming solutions. The company’s Series C funding round was co-led by the global impact investor Astanor and HH-CTBC […]

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Warehouse robotics automation firm Mytra launches with $78M to change how materials move

Kyt Dotson — Tue, 23 Jul 2024 13:00:20 +0000

Mytra, a warehouse automation solution that uses artificial intelligence and robotics to move materials, today announced its launch from stealth with a total of $78 million to solve the biggest problems facing physical storage right now, which is moving materials. The company has developed a novel solution for storing and moving materials in a three-dimensional […]

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AWS launches generative AI-powered feature for Connect Contact Lens to help agents in call centers

Kyt Dotson — Mon, 22 Jul 2024 17:00:32 +0000

Amazon Web Services Inc. today announced a new feature for Connect Contact Lens, the company’s artificial intelligence tools for call center work, aimed at assisting workers with after-call work. Contact Lens provides a suite of tools using generative AI summaries of customer conversations with contact center workers for management to analyze. This is an important […]

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AI model developer startup Cohere raises $500M at $5.5B valuation

Kyt Dotson — Mon, 22 Jul 2024 16:00:07 +0000

Generative artificial intelligence model startup Cohere Inc. today announced it has raised $500 million in a late-stage funding round, bringing the company’s valuation to $5.5 billion. The Series D funding round was led by PSP Investments, a Canadian pension investment manager, and new backers that include Cisco Systems Inc., Japan’s Fujitsu Ltd., chipmaker Advanced Micro […]

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Enterprise blockchain data platform Allium raises $16.5M led by Theory Ventures

Kyt Dotson — Thu, 18 Jul 2024 18:10:27 +0000

Allium Inc., a blockchain data delivery platform for the enterprise, today announced it has raised $16.5 million in early-stage funding led by Theory Ventures to scale out its infrastructure and offer ways for more financial institutions to embrace digital assets. Existing investors Kleiner Perkins and Amplify Partners also participated in the Series A funding round, […]

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Indian crypto exchange WazirX falls victim to $235M security breach

Kyt Dotson — Thu, 18 Jul 2024 15:30:37 +0000

Mumbai, India-based crypto exchange WazirX relayed today that it suffered a security breach early this morning that led to about $235 million in cryptocurrency being stolen after one of its Ethereum wallets was compromised. The news surfaced after Web3 security firm Cyvers noted suspicious transactions had moved $234.9 million in funds from the exchange’s wallet […]

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Real-time data infrastructure startup Momento raises $15M

Kyt Dotson — Thu, 18 Jul 2024 12:00:50 +0000

Momento Inc., a real-time data platform that aims to help developers serve massive-scale audiences reliably, today announced it has raised $15 million in an early-stage round led by Bain Capital Ventures to build out its infrastructure capabilities. Returning investor The General Partnership also joined the Series A round alongside additional angel investors, including former Intuit […]

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AiXplain nabs $6.5M to simplify AI agent development

Kyt Dotson — Wed, 17 Jul 2024 17:10:03 +0000

Artificial intelligence development startup aiXplain Inc. said today it raised $6.5 million in a pre-Series A round to simplify building autonomous AI agents with its all-in-one studio for custom solutions. The company provides a low-code/no-code platform and infrastructure for activating and deploying generative AI agents, which are pieces of software that can perform tasks independently […]

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Salesforce introduces autonomous AI customer service agent powered by Einstein

Kyt Dotson — Wed, 17 Jul 2024 12:00:41 +0000

Salesforce Inc. today announced the pilot launch of Einstein Service Agent, the company’s first fully autonomous artificial intelligence agent that it says can handle and resolve customer service issues just like a human worker. Many modern chatbots that assist with customer service issues can only handle specific queries and tasks programmed into their system and […]

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Mira raises $9M in seed funding to develop accessible decentralized AI infrastructure

Kyt Dotson — Tue, 16 Jul 2024 18:20:49 +0000

Blockchain-based artificial intelligence development network Mira today announced that it has raised $9 million in seed funding to build a decentralized AI infrastructure platform to expand access to advanced AI capabilities. The round was led by Bitkraft Ventures and Framework Ventures, a notable crypto venture capital firm, and also attracted investments from Accel, Crucible, Folius […]

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Tribble AI assistant for RFP process automation launches analytics capability

Kyt Dotson — Tue, 16 Jul 2024 16:00:41 +0000

Tribble, a generative artificial intelligence company that helps automate the tedious request-for-proposal process for sales and security teams, today announced the launch of a new analytics capability for its customers aimed at enhancing AI responses and understanding performance. Large enterprise sales teams can end up responding to hundreds or more requests for proposals daily, which […]

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Kindo raises $20.6M to secure enterprise AI management

Kyt Dotson — Mon, 15 Jul 2024 16:25:00 +0000

Kindo, a platform designed for enterprise-wide artificial intelligence security management, today announced it has raised $20.6 million in new funding and acquired the open-source security project WhiteRabbitNeo. The round was led by Drive Capital, with participation from existing investors RRE Ventures, Marlinspike Partners, Riot Ventures, Eniac Ventures, New Era Ventures and Sunset Ventures. The new […]

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Partior, blockchain payment network backed by JPMorgan and Standard Charter, raises $60M

Kyt Dotson — Fri, 12 Jul 2024 17:05:04 +0000

Partior, a cross-border payment network backed by big banks JPMorgan Chase & Co., Standard Chartered Plc. and DBS Bank Ltd., today announced it has raised $60 million in a Series B funding round. The round was led by Peak XV Partners with support from Valor Capital Group and Jump Trading Group as new investors. J.P. […]

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Healthcare AI platform Regard raises $61M to advance AI-powered clinical insights

Kyt Dotson — Thu, 11 Jul 2024 17:35:57 +0000

Regard, an artificial intelligence-powered platform that provides insights from patient data to physicians, said today it raised $61 million in new funding to advance product development to support hospitals and healthcare workers. The Oak HC/FT led the Series B funding round. Cedars-Sinai Health Ventures, as well as existing investors TenOneTen Ventures, Calibrate Ventures and Techstars […]

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Fireworks AI raises $52M led by Sequoia at $522M valuation

Kyt Dotson — Thu, 11 Jul 2024 16:20:01 +0000

Artificial intelligence startup Fireworks AI, a platform that helps companies fine-tune and deploy generative AI models for specific purposes, today announced it has raised $52 million in a Series B funding round. The round was led by Sequoia Capital which placed its valuation at $522 million. Notable investors joining the round included Nvidia Corp., Advanced Micro […]

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Anthropic expands developer console for creating and evaluating AI prompts

Kyt Dotson — Wed, 10 Jul 2024 17:55:15 +0000

Generative artificial intelligence startup Anthropic PBC has opened up new features on its back-end console aimed at developers and technical teams that will allow them to generate, test and evaluate AI prompts. The company announced Tuesday that developers can now access a built-in prompt generator, powered by Anthropic’s AI model Claude 3.5 Sonnet, which allows […]

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Samsung debuts Fold 6, Flip 6 alongside new Galaxy Ring and Watch Ultra wearables

Kyt Dotson — Wed, 10 Jul 2024 16:45:16 +0000

Smartphone and electronics maker Samsung Electronics Co. Ltd. took the stage today to announce its newest generation of foldable smartphones with the Galaxy Z Fold 6 and Flip 6, designed to boost performance for the company’s artificial intelligence enhancements. Announced during the Samsung Galaxy Unpacked event in London, the company also unveiled an expanded line […]

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AWS announces wider release of next-generation Graviton4 custom chips for high-performance cloud workloads

Kyt Dotson — Tue, 09 Jul 2024 20:00:22 +0000

Amazon Web Services Inc. today announced that it’s rolling out the fourth generation of its most energy-efficient high-performance custom chip for cloud workloads with the Graviton4. The Graviton family of Arm-based processors is used by AWS to deliver high-performance and reduced costs in an existing broad range of cloud compute workloads in the Amazon Elastic […]

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OpenAI Startup Fund and Ariana Huffington’s Thrive Global join to launch personalized AI health coach

Kyt Dotson — Tue, 09 Jul 2024 17:40:00 +0000

The OpenAI Startup Fund and Thrive Global, the venture capital fund run by Huffington Post founder Ariana Huffington, announced Monday the creation of a new company, Thrive AI Health, that will build a new type of highly personalized artificial intelligence coach. Thrive AI Health will aim to provide hyper-personalized advice on health and wellness to […]

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Metaverse platform Infinite Reality raises $350M at $5.1B valuation and acquires Landvault

Kyt Dotson — Tue, 09 Jul 2024 15:50:41 +0000

Metaverse platform Infinite Reality Inc., a company that builds and powers virtual reality e-commerce and immersive digital media experiences, today announced it has raised $350 million in a funding deal that elevated the company’s valuation to $5.1 billion. Infinite Reality also announced the acquisition of Landvault, a technology company and studio that specializes in building […]

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Immunefi and Ethereum Foundation partner on crowdsourced network audit to boost blockchain security

Kyt Dotson — Mon, 08 Jul 2024 16:30:22 +0000

Blockchain bug bounty platform Immunefi and the Ethereum Foundation today announced a partnership to launch a large-scale crowdsourced collaborative network audit of the Ethereum blockchain protocol called an “Attackathon.” The Attackathon is aiming to be the largest-scale crowdsourced security audit contest conducted on the code of the Ethereum blockchain protocol. Ethereum is a decentralized, open-source […]

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South Korea launches cryptocurrency monitoring system to fight market manipulation

Kyt Dotson — Fri, 05 Jul 2024 16:05:43 +0000

South Korea’s financial watchdog, the Financial Supervisory Service, on Thursday unveiled a national 24-hour surveillance network designed to track and trace cryptocurrency transactions with local exchanges to combat crypto market manipulation and fraud. The system’s launch will come in tandem with new crypto investor regulations that go into effect on July 19. The new law, the Digital […]

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Alphabet shuts down agricultural AI robot startup Mineral, licenses part to Driscoll’s

Kyt Dotson — Wed, 03 Jul 2024 16:50:46 +0000

Google LLC parent Alphabet Inc. is shutting down its moonshot technology agricultural artificial intelligence robot startup Mineral today and licensing some of its assets to berry producer Driscoll’s Inc. Mineral launched as a division of Alphabet’s moonshot technology lab, X, in 2020 with the vision that it would use AI and robotic “buggies” to analyze […]

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Blockchain oracle RedStone raises $15M to bring outside data into networks

Kyt Dotson — Wed, 03 Jul 2024 15:45:46 +0000

RedStone Oracles, a modular solution that connects blockchain networks to external data, announced Tuesday that it has raised $15 million in early-stage funding led by Arrington Capital to expand its service. The company’s Series A round included participation from SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian […]

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