Turkish startup Myth AI has developed a generative AI tool to tackle fashion industry waste by streamlining the pattern-making process and enhancing efficiency and effectiveness. The initiative comes as the fashion industry has also been susceptible to waste, producing about
OpenAI, the organization behind ChatGPT, has unveiled its second phase of the Converge 2 startup fund. This groundbreaking initiative earmarks an impressive $1 million for each of the 15 selected AI startups. This strategic investment marks a significant milestone in
As 2024 approaches, Channel 1 AI is poised to transform the world of news broadcasting with its unique AI-generated newsroom and anchors. This pioneering venture, combining cutting-edge technology with traditional journalistic values, has ignited a debate about the future of
Essential AI, a startup based in San Francisco, has secured $57 million in Series A funding. This round, led by March Capital, includes investors such as AMD, Google, NVIDIA, and others, marking a step in the company’s journey to advance
Mistral AI, a French start-up founded just seven months ago by former researchers from Meta and Google, has raised €385 million (approximately $415 million) in funding. This move highlights the increasing enthusiasm surrounding a novel breed of artificial intelligence designed
Japan will not penalize companies that fail to comply with its upcoming generative AI guidelines, a list of 10 principles on the use and development of AI, according to government and ruling coalition officials, as reported by The Japan Times.
Lockheed Martin has introduced a suite of metaverse-based training solutions, revolutionizing military preparedness for the 21st century. This move encompasses a range of systems, including the Amorphic Appearance Zero-Projector (AMAZE) visual display, Prepar3D simulation software, SIMRES live training technology,
OpenAI’s startup customers are already considering jumping to competitor model providers following the management shakeup at the Silicon Valley firm. Some investors are reportedly already telling their companies to start looking for new providers and diversifying their models. A significant
The EU’s AI Act faces a deadlock over foundation model regulations, risking its legislative progress and international influence in AI policy. The EU’s AI Act, aimed at regulating artificial intelligence, is currently at a standstill due to disagreements over managing
SBI Holdings has unveiled an investment fund of significant proportions, signaling Japan’s dedication to the growth of its emerging startup sector. With an allocation of $663 million, this fund will support new ventures in Web3, artificial intelligence (AI), and the
As debates on responsible development and use of AI continue to take center stage at global conferences, Google is collaborating with US start-up Anthropic on a number of initiatives, including AI guardrails. The collaboration focuses on AI safety standards, utilizing
In a recently released quarterly report, tech behemoths Alphabet and Microsoft showed considerable profit upticks propelled by AI-powered cloud computing. Microsoft’s shares experienced a noticeable bump, rising by 3%, underscoring its dominating prowess in the cloud domain. Conversely, Alphabet, Google’s
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