Mike Wheatley – SiliconANGLE

Video game actors to go on strike following breakdown in AI talks with game developers

Mike Wheatley — Fri, 26 Jul 2024 01:58:33 +0000

Video game actors represented by the Screen Actors Guild-American Federation of Television and Radio Artists have voted to go on strike starting Friday, after a breakdown in negotiations with video game studios over protections from artificial intelligence. The rise of generative AI, and its potential to replace humans, was one of the most critical sticking […]

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Google’s free Gemini chatbot gets 1.5 Flash update, making responses faster and smarter

Mike Wheatley — Fri, 26 Jul 2024 01:09:58 +0000

Google LLC said today that its Gemini AI chatbot is being updated with support for Gemini 1.5 Flash, a lightweight large language model that’s designed to compete with OpenAI’s GPT-4o mini. Gemini 1.5 Flash is being made accessible to all users, regardless of their subscription level. With the update, Google said, users will see “across-the-board” improvements […]

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Juniper disappoints with earnings that fall well short of forecasts

Mike Wheatley — Thu, 25 Jul 2024 23:40:39 +0000

Juniper Networks Inc. delivered disappointing financial results today in what is likely to be one of the last times it reports as an independent company, prior to being gobbled up by Hewlett Packard Enterprise Co. The company, which is in the process of being acquired by HPE for $14 billion, missed expectations on both earnings […]

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Microsoft debuts AI-powered summaries in Bing search engine

Mike Wheatley — Thu, 25 Jul 2024 02:31:56 +0000

Microsoft Corp. today finally unveiled its response to Google LLC’s experimental AI-powered search experience, with the limited preview launch of a new feature called Bing Generative Search. The company said the new feature combines the foundation of Bing’s search results with the power of large and small language models, known as LLMs and SLMs. In […]

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High-profile ServiceNow executive CJ Desai quits over internal hiring policy violation

Mike Wheatley — Thu, 25 Jul 2024 01:49:18 +0000

ServiceNow Inc. said today that one of its most prominent executives, CJ Desai, is leaving the company immediately after an investigation into a complaint over the sales process for a government contract revealed serious policy violations. Desai (pictured) who was both president and chief operating officer at ServiceNow, was found to have violated the company’s […]

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Higher AI bookings help IBM deliver solid earnings beat, pushing its stock higher

Mike Wheatley — Wed, 24 Jul 2024 23:44:28 +0000

Shares of IBM Corp. were riding around 3% higher in extended trading today after the company reported solid second-quarter financial results that surpassed analysts’ expectations, driven by increased artificial intelligence spending by its largest enterprise customers. The company reported earnings before certain costs such as stock compensation of $2.43 per share, comfortably ahead of analysts’ […]

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Lakera AI raises $20M to ward off malicious prompts on generative AI models

Mike Wheatley — Wed, 24 Jul 2024 14:00:38 +0000

Generative artificial intelligence threat detection startup Lakera AI AG, which is notable for creating one of the world’s largest “AI red-teams” for testing generative AI models, said today it has closed on a $20 million early-stage round of funding. Today’s Series A round was led by the European venture capital firm Atomico and saw participation […]

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AI trust startup Vijil raises $6M to prevent AI agents saying the wrong things

Mike Wheatley — Wed, 24 Jul 2024 13:30:32 +0000

Artificial intelligence safety startup Vijil AI Inc. has closed on $6 million in seed funding as it launches its first cloud-based tools that promise to help companies build and deploy more reliable generative AI agents. Today’s round was co-led by Mayfield LLC’s AIStart seed fund and Google LLC’s AI-focused seed fund, Gradient Ventures. Vijil is […]

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Chekable bags funding from NEC to streamline patent applications with generative AI

Mike Wheatley — Wed, 24 Jul 2024 13:00:28 +0000

Chekable Inc., a startup that’s using generative artificial intelligence to automate the patent application and search process, said today it has closed on an undisclosed investment from NEC X, the Silicon Valley accelerator of NEC Corp., after graduating from its Elev X! Ignite venture studio program. The new investment is meant to help Chekable scale up […]

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Compliance automation and trust management startup Vanta raises $150M

Mike Wheatley — Wed, 24 Jul 2024 12:00:06 +0000

Cybersecurity compliance startup Vanta Inc. said today it has closed on a $150 million round of funding, cementing its status as a leader in the emerging “trust management” sector. Today’s Series C round was led by Sequoia Capital and saw the involvement of new investors Goldman Sachs Ventures and J.P. Morgan, plus returning investors Atlassian […]

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Splight raises $12M to unlock the potential of renewable energy sources with AI

Mike Wheatley — Wed, 24 Jul 2024 11:00:42 +0000

Grid operations startup Splight AI Inc. said today it has closed on a $12 million seed funding round to help fuel its mission of scaling up access to clean energy worldwide. Today’s round was led by Noa, formerly A/O, and saw participation from a host of other venture capital firms, including Elewit, EDP Ventures, Draper […]

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Iterative debuts DataChain for curating and processing unstructured data with AI models

Mike Wheatley — Tue, 23 Jul 2024 13:00:25 +0000

A startup called Iterative Inc., which is focused on helping to improve and streamline workflows for artificial intelligence engineers, today announced a new open-source tool called DataChain that it says will transform the way unstructured data is curated, processed and evaluated, by using large language models. The company explains that unstructured data is vital for […]

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Researchers develop new technique for squeezing full-fat AI models into PCs and smartphones

Mike Wheatley — Tue, 23 Jul 2024 09:00:46 +0000

Artificial intelligence researchers from Yandex LLC and NeuralMagic Inc. said today they have made significant progress in their efforts to compress powerful large language models such as Meta Platforms Inc.’s Llama 2, so they can be deployed on everyday devices such as smartphones and smart speakers. The researchers, in collaboration with academics from the Institute […]

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Intel says patch is coming to fix processor instability problem plaguing gamers for months

Mike Wheatley — Tue, 23 Jul 2024 01:27:46 +0000

Chipmaker Intel Corp. says it has finally identified the cause of the widespread instability issues that have plagued its 13th and 14th Gen Core processors. In an update posted today, the company said its central processing units are suffering from a problem related to “elevated operating voltage” and, most importantly, revealed that a fix – […]

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NXP Semiconductor’s stock falls on weak outlook

Mike Wheatley — Mon, 22 Jul 2024 23:42:35 +0000

Shares of NXP Semiconductors N.V. were trending lower in late trading today after the chipmaker provided an earnings and revenue outlook that disappointed investors. That came after it posted second-quarter results that fell more or less in line with analysts’ estimates. The company reported earnings before certain costs such as stock compensation of $3.20 per share, […]

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Dutch chip manufacturing quality control startup Nearfield Instruments raises €135M

Mike Wheatley — Fri, 19 Jul 2024 01:17:55 +0000

Semiconductor manufacturing gear startup Nearfield Instruments B.V. said today it has closed on €135 million ($147.6 million) in new funding to accelerate the growth of its novel process control systems for the chipmaking industry. Today’s Series C round was led by the U.S. venture capital firm Walden Catalyst and Singapore-based Temasek. M&G Investment, Innovation Industries, […]

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Report: Collaboration software firm Smartsheet discussing potential buyout with private equity

Mike Wheatley — Thu, 18 Jul 2024 23:45:53 +0000

Enterprise work management and collaboration software firm Smartsheet Inc. is holding talks with U.S. investment bankers after attracting interest from private equity firms exploring the possibility of a buyout, Reuters reported today. The Bellevue, Washington-based company, which has a market capitalization of $6.6 billion, is reportedly working with Qatalyst Partners to review the approaches of […]

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Healthcare revenue collection startup Thoughtful AI raises $20M in early-stage funding

Mike Wheatley — Thu, 18 Jul 2024 13:00:28 +0000

Healthcare industry-focused revenue cycle management startup Thoughtful Automation Inc. said today it’s ready to accelerate its business after closing on a $20 million early-stage funding round. Today’s Series A round was led by Nick Solaro of Drive Capital and saw the participation of existing investor TriplePoint Capital. It brings the startup’s total amount raised to […]

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Chip stocks suffer biggest single-day loss on threat of tougher restrictions on Chinese exports

Mike Wheatley — Thu, 18 Jul 2024 02:15:35 +0000

The Philadelphia Semiconductor Index saw more than $500 billion in value wiped out from its stocks today, posting its worst single-day performance since 2020. The fall came after a Bloomberg report said the United States government is considering introducing tighter restrictions on the sale of computer chipmaking technologies to China. Shareholders’ fears were worsened when the […]

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Figma confirms undisclosed funding round that brings its value to $12.5B

Mike Wheatley — Thu, 18 Jul 2024 00:13:29 +0000

Collaborative design software startup Figma Inc. today confirmed it has closed on a significant funding round led by a group of investors including Coatue Management, Alkeon Capital Management and General Catalyst Partners. The size of the deal was not disclosed, but Bloomberg reported that it values the company at $12.5 billion. The report cites people with […]

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OpenAI researchers pit two AI models against each other in a game of deception to improve AI explainability

Mike Wheatley — Wed, 17 Jul 2024 23:42:27 +0000

OpenAI today published a research paper that outlines a new way to improve the clarity and explainability of responses from generative artificial intelligence models. The approach is designed to improve confidence in AI systems so they can be relied upon in the most critical use cases where accuracy is paramount. The method involves pitting two models […]

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Legal AI startup Leya AB raises $25M to help lawyers boost their productivity

Mike Wheatley — Wed, 17 Jul 2024 13:00:37 +0000

Swedish startup Leya AB has raised $25 million in Series A funding as it sets about transforming the legal services industry with its dedicated artificial intelligence tools that help guide users through intricacies of law. Today’s round was led by Redpoint Ventures and saw participation from a host of others prominent Silicon Valley-based venture capital […]

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Pindrop Security raises $100M funding to fight deepfakes with AI-powered voice authentication tech

Mike Wheatley — Wed, 17 Jul 2024 13:00:21 +0000

Voice authentication and security startup Pindrop Security Inc. said today it has raised $100 million in debt financing from Hercules Capital Inc. to accelerate the development of its “cutting-edge” audio, voice and artificial intelligence technologies. Pindrop is the creator of voice authentication technology that’s used by companies to detect fraudsters and authenticate customers in a […]

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Hybrid cloud data management startup CTERA Networks targets AI workloads after raising $80M

Mike Wheatley — Wed, 17 Jul 2024 12:00:38 +0000

Hybrid cloud data management startup CTERA Networks Ltd. said today it’s aiming to expand its presence in the “data intelligence” business after closing on an $80 million funding round. Today’s investment was led by PSG Equity, whose managing director Ronen Nir is joining its board of directors, alongside representatives from existing investors such as Benchmark, […]

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DeepL launches newest dedicated translation large language model for business users

Mike Wheatley — Wed, 17 Jul 2024 12:00:04 +0000

DeepL SE, a well-funded translation software startup that leverages customized artificial intelligence models for improved accuracy over traditional platforms, has announced the debut of its most powerful AI model yet. The startup’s next-generation language model is said to be designed specifically for translation and editing tasks. It’s based on a highly specialized large language model […]

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Logistics software startup Alvys raises $20.5M to become the de facto operating system for supply chain management

Mike Wheatley — Wed, 17 Jul 2024 11:00:16 +0000

Transportation management software startup Alvys Inc. today said it’s looking to cement its status as a leader in logistics and supply chain operations management after closing on a $20.5 million early-stage round of funding. The Series A round was led by Titanium Ventures and saw participation from Picus Capital, RTP and Bonfire. The company says […]

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Google rolls out a host of new features for AI developers

Mike Wheatley — Wed, 17 Jul 2024 05:40:14 +0000

Google LLC today announced a host of new, developer-focused updates at its I/O Connect Bengaluru event in India today, including a new integration between Project IDX and Android Studio, so developers can build their apps using a web browser on any device. It also introduced Firebase AI Monitoring, a new dashboard that shows real-time insights […]

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Open AI chiplet startup DreamBig Semiconductor raises $75M in funding

Mike Wheatley — Wed, 17 Jul 2024 01:04:59 +0000

Artificial intelligence chip startup DreamBig Semiconductor Inc. said today it has closed on a $75 million equity round of funding, bringing its total amount raised to more than $93 million, according to Crunchbase data. Today’s round was co-led by the Samsung Catalyst Fund and the Sutardja Family, and saw participation from new investors such as […]

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Former OpenAI and Tesla exec Andrej Karpathy dives into education with AI-native school

Mike Wheatley — Wed, 17 Jul 2024 00:10:04 +0000

Andrej Karpathy, a prominent artificial intelligence researcher who previously served as the head of AI at Tesla Inc. in between two stints at OpenAI, has announced plans to launch a new “AI-native” education startup. The computer scientist and occasional educator revealed the launch of Eureka Labs LLC in a post on X today, describing his […]

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Docyt AI debuts world’s first AI bookkeeper to revitalize the accounting profession

Mike Wheatley — Tue, 16 Jul 2024 13:00:16 +0000

Artificial intelligence-powered accounting automation technology startup Docyt AI Inc. has announced the debut in beta of what it says is the world’s first AI bookkeeper. It’s essentially a kind of virtual assistant for accounting teams, designed to streamline back office accounting operations by automating previously manual tasks that are time-consuming. By enabling continuous reconciliation of […]

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