California-based CatalyzeX, a startup that offers a platform AI/ML code discovery and know-how, today announced it has raised $1.64 million in a seed round of funding led by Unshackled Ventures, Darling Ventures, Kepler Ventures, On Deck, Abstraction Capital, Unpopular Ventures, and Basecamp Fund. The company said it plans to use the round — which also […]
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Inworld AI joins metaverse innovation with AI-driven virtual characters
Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next. Inworld AI, a company that aims to develop a platform that enables users to create AI-driven virtual characters which can be used to populate virtual worlds, announced today that it has raised $7 million in seed funding. […]
Nvidia’s enterprise AI development LaunchPad program goes global
At its ongoing GTC conference, computing giant Nvidia has announced the expansion of its AI LaunchPad program, making it available at 10 locations around the world — Silicon Valley, Dallas, Washington, D.C., London, Paris, Amsterdam, Frankfurt, Paris, Singapore, and Tokyo. Initially restricted to Equinix datacenters in North America, LaunchPad gives enterprises immediate access to Nvidia-powered […]
SlashNext, which uses AI to combat phishing, raises $26M
Phishing, a type of social engineering where an attacker sends a message designed to trick a victim into revealing sensitive information or installing malware or ransomware, is on the rise. According to recent research from Proofpoint, 75% of organizations around the world experienced a phishing attack in 2020 — and 74% of attacks targeting U.S. businesses […]
AI model development platform Abacus.ai lands $50M
Abacus.ai, a platform creating dev tools to develop and deploy enterprise AI technologies, today announced that it raised $50 million in a series C round led by Tiger Global with participation from Coatue, Index Partners, and Alkeon Ventures. The raise brings the company’s total funding to $90.3 million to date, and CEO Bindu Reddy says […]
AI technology could reshape the U.S. government, but should it?
The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now! Artificial intelligence is already making its mark on the global economy, and private businesses are not the only ones putting it to good use. Government agencies of all types are adopting AI as well, and in some ways, exceeding the […]
Microsoft taps AI techniques to bring Translator to 100 languages
Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next. Today, Microsoft announced that Microsoft Translator, its AI-powered text translation service, now supports more than 100 different languages and dialects. With the addition of 12 new languages including Georgian, Macedonian, Tibetan, and Uyghur, Microsoft claims that Translator […]
Deep North, which uses AI to track people from camera footage, raises $16.7M
Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next. Deep North, a Foster City, California-based startup applying computer vision to security camera footage, today announced that it raised $16.7 million in a series A-1 round. Led by Celesta Capital and Yobi Partners, with participation from Conviction […]
The ROI of AI: Will it deliver real value?
The enterprise sector is poised to start spending top-dollar on AI next year, but perhaps the most salient question has yet to be answered: Is this going to make money, or just cost money? The fact remains that there is still a lot of misunderstanding as to what AI actually is, how it integrates into […]
DeepMind claims its AI weather forecasting model beats conventional models
The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now! In a paper published in the journal Nature, meteorologists gave an AI model for predicting short-term weather events top rank in terms of accuracy and usefulness in 88% of cases. It marks the first time professional forecasters have expressed a […]