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IntelePeer raises $140M to automate customer service with generative AI
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 ...
Google DeepMind unveils AI models for solving advanced mathematical problems
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 ...
Alibaba-backed Chinese AI startup Baichuan raises $691M
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 ...
Stability AI introduces Stable Video 4D, its new AI model for 3D video generation
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 ...
Caldera raises $15M to help developers deploy their own scaling for blockchain networks
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 ...
Meta introduces Llama 3.1, its biggest and best open-source AI model to date
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 ...
Electric autonomous tractor company Monarch Tractor raises $133M
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 ...
Warehouse robotics automation firm Mytra launches with $78M to change how materials move
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 ...
AWS launches generative AI-powered feature for Connect Contact Lens to help agents in call centers
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 ...
AI model developer startup Cohere raises $500M at $5.5B valuation
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 ...