Eden AI, a French startup specializing in AI integration, has raised €3 million in seed funding. Founded in 2021, it offers a user-friendly platform for businesses to access and deploy over 70 AI models from major providers. This funding will accelerate product development and enhance monitoring tools, making AI integration simpler and more accessible. In … Read more
In the latest funding wave, OpenAI leads with a historic $6.6 billion round, supported by notable investors like Thrive Capital and Microsoft. Poolside raises $500 million while Kailera Therapeutics garners $400 million in biotech funding. Overall, several companies exceeded $100 million, underscoring a robust investment climate in AI and biotech despite challenges. In a notable … Read more
Silicon Valley is grappling with the realization that the rapid advancements in AI may be slowing down. Despite massive investments in large AI models, industry insiders are noting that the expected progression toward artificial general intelligence appears to be stalling. Experts suggest that merely increasing size and data may be insufficient for continued growth, prompting … Read more
In 2024, AI startups received 35% of U.S. startup funding, a record high. Major funding rounds saw five AI companies raising over $1 billion, led by xAI’s $6 billion. Startups vary from those using AI technology in specific sectors to those developing core AI innovations. The industry awaits to see if this trend in funding … Read more
OpenAI secured $6.6 billion in funding, while Y Combinator faced backlash over a coding project imitation. Whatnot reported over $2 billion in sales, and other startups like Poolside and Submer attracted sizeable investments, reflecting continued vibrancy in the startup landscape despite warnings of overvaluation from venture firms like CRV. In a dramatic week for startups, … Read more
In Q3 2024, investments in generative AI startups reached $3.9 billion, driven by interest from VCs in diverse technology applications. Major firms secured significant funding, but challenges like reliability and environmental impacts loom. Despite concerns, predictions suggest a shift toward wider acceptance of generative AI, indicating a complex but potentially transformative future. In the third … Read more
The AI funding landscape has exploded, with 23 startups raising over $1 billion each, led by generative AI and autonomous driving. Noteworthy players include OpenAI with $6.6 billion and Waymo with $10.5 billion. This trend shows no signs of slowing, with ongoing investments capturing global attention and a wealth of innovation on the horizon. In … Read more
Viva Technology returns to Paris from May 22 to 25, 2024, showcasing 2,500 exhibitors with a primary focus on artificial intelligence. The event is scheduled earlier due to the Paris Olympics but anticipates significant attendance. Key innovations will also tackle sustainability and mobility issues, featuring prominent discussions with global tech leaders, including a videoconference with … Read more
In 2024, technology is being revolutionised by ten key breakthroughs including AI advancements, super-efficient solar cells, Apple’s Vision Pro, innovative weight-loss drugs, enhanced geothermal systems, chiplet technology, a gene-editing treatment, powerful exascale computers, and versatile heat pumps, alongside a shifting social media landscape. An upcoming vote for the 11th breakthrough invites global input. In 2024, … Read more
The U.S. Department of State is actively promoting responsible development and use of AI technologies to address global challenges. Initiatives like the Partnership for Global Inclusivity on AI and the Global AI Research Agenda aim to integrate AI into sustainable development while ensuring ethical standards. The Department is committed to leveraging advancements in AI for … Read more