Welcome, AI enthusiasts! 🚀 Get ready for a glimpse into the mesmerizing world of artificial intelligence, where Meta Platforms and IBM join forces to ignite a digital revolution. 🤝💡 The AI Alliance, a coalition of over 50 companies and research institutions, is championing an "open" model of AI. With heavyweights like Intel, Oracle, Cornell University, and the National Science Foundation on board, the alliance aims to break free from closed AI systems and foster collaboration and open-source practices.
Meta and IBM: An AI Alliance that Sparks Digital Fireworks! 🔥🤝
Meta Platforms and IBM have unveiled the AI Alliance, a coalition of over 50 AI companies and research institutions advocating for an "open" model of AI. The AI Alliance aims to support open innovation and open science in AI, with members including Intel, Oracle, Cornell University, and the National Science Foundation. The initiative focuses on pooling resources for the advancement of AI through collaboration and open source practices. The move comes as a response to the dominance of closed or proprietary AI systems, such as ChatGPT by OpenAI, and aims to provide an alternative approach for the AI community.
AssemblyAI Rakes in $50M: Building the Future, One Voice at a Time! 🗣️💸
AssemblyAI, an applied AI startup, has secured $50 million in a funding round led by Accel, with participation from Keith Block, Nat Friedman, Daniel Gross, Insight Partners, and Y Combinator. The funding brings the total capital raised by AssemblyAI to $115 million. The company's platform, handling around 25 million API calls per day, is used by over 4,000 brands and more than 200,000 developers to integrate AI models into their applications and services. AssemblyAI plans to use the new funding to develop a universal speech model and expand its workforce by 50% to 75% next year.
Encharge Rockets with $22.6M: Accelerating AI Chips to Infinity and Beyond! 🚀💡
EnCharge AI, a startup focused on developing AI-accelerating chips, has secured $22.6 million in a funding round led by the VentureTech Alliance, the strategic VC associated with semiconductor giant TSMC. Other participants in the round include RTX Ventures, ACVC Partners, Anzu Partners, and Schams Ventures. EnCharge AI was founded by Naveen Verma, the director of Princeton’s Keller Center for Innovation in Engineering Education, along with Echere Iroaga and Kailash Gopalakrishnan. The new funding will be used to expand the company's team and further develop its AI chips and "full stack" AI solutions, aiming to provide broader access to AI for organizations that cannot afford current expensive and energy-intensive AI chips.
Kyron Learning: Conversational AI, Funding, and a $14.6 Million Tale! 💬💰
Kyron Learning, an AI-based learning startup, has raised $14.6 million in a Series A funding round, along with an $850,000 grant from the Bill & Melinda Gates Foundation. Founded in 2022 by former VP of Google Cloud AI Rajen Sheth and Qwiklabs founder Enis Konuk, Kyron Learning focuses on the positive impact of AI on learning. Its interactive video platform enables students to engage with lessons by responding to questions through text or voice. The funding will be used to enhance the platform's generative AI capabilities and expand its K-12 math curriculum. Kyron is opening its platform to all organizations and learning solution providers.
Mine Strikes Gold: $30M for a No-Code Privacy Odyssey! 🕵️♂️💻
Israeli startup Mine, known for its tool that audits data privacy for consumers, has raised $30 million in a Series B funding round led by Battery Ventures. The tool uses AI and natural language processing to identify and help delete personal data held by companies. Initially designed for consumers, Mine expanded to enterprise users and privacy officers. With hundreds of enterprise users, including Reddit and FIFA, Mine plans to use the funds for sales development and R&D. It will launch two new products, one for data privacy officers to manage internal AI algorithms, and another, Mine AI, a privacy assistant for end users providing proactive insights into data usage.
Conclusion: Join the AI Odyssey! Subscribe for More Marvels! 🚀🔮
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