Archive
Tag: AI Startup Funding
Inside AWS’s Global Accelerator for the Generative AI Era
Last December, I sat inside the theatre at the Venetian Hotel and Casino in Las Vegas, the home of world-famous magician Shin Lim. Only, I’m not there to see a sleight-of-hand spectacle—I’m there to watch the inaugural “Unicorn Tank,” a startup pitch competition put on by Amazon Web Services (AWS) held during its re:Invent conference. […]
Fastino Secures $7 Million in Funding to Develop GPU-Free, Task-Oriented LLMs
Fastino, a San Francisco-based startup specializing in foundation AI models, has emerged from stealth. The company wants to provide task-oriented language models that are “more accurate, faster, and safer” than the industry-leading LLMs. To further this goal, it has raised $7 million in pre-seed funding in a round led by Insight Partners and Microsoft’s M12 […]
How Companies Are Unlocking AI’s Value Beyond the Hype
IN THIS ISSUE: Learn how companies are cutting through AI hype to build effective, winning strategies with the technology. Plus, OpenAI’s AI-powered search is now available to the public, marking a pivotal moment: Is this the end of traditional search as we know it? Will Google’s crown be at risk? Finally, don’t forget about this […]
Workgrounds Raises $2.6 Million to Streamline Hotel Room Block Management With AI
Serial entrepreneurs Nikhil Sethi and Garrett Ullom have founded an AI startup to improve hotel room bookings. Called Workgrounds, it promises to automate the manual processes surrounding corporate group travel with its “end-to-end stack.” The company has raised $2.6 million in pre-seed funding to accelerate its mission, with participation from Oceans Ventures, Hannah Grey, Volo […]
Augment Code Unveils AI-Powered Coding Tool to Challenge GitHub Copilot’s Dominance
Six months after raising a $227 million Series B round of funding, Augment Code is finally revealing its secret: it’s building an alternative to GitHub’s Copilot. It’s billed as a developer AI made for teams capable of understanding codebase and how engineers build software. “Our deep understanding of our customer’s software and how it is […]
Computing Overhead Could Cloud AI Startup Runway As Costs Soar
Tech industry watchers were aghast years ago as Uber, Stripe, and other startups raised billions of dollars in new investment capital. Granted that happened when these companies were established, but the amount was staggering. And we are poised to see such activity again, this time with AI startups. But the money won’t all be for […]
What the Taylor Swift Deepfakes Say About the Dangers of AI
Welcome back for another issue of “The AI Economy,” a newsletter exploring artificial intelligence’s impact on business, work, society and tech. This week: Uncover the consequences of the explicit deepfakes depicting the “Anti-Hero” singer and the seismic shift in the AI industry they triggered, an event unparalleled in its history. Plus, what you need to […]