Daily AI News Briefing
Here is the updated list with brief summaries for each headline.
March 29, 2024
As the EU ups its AI research spending, the hottest grant topics include health and sensors. Patras, Utrecht and the auto manufacturer BMW are among the fastest-growing grant winners.
A leaderboard of AI startups, from OpenAI and Hugging Face to Cohere and Anthropic. With billions in backing from Big Tech and venture capital, these AI upstarts are driving the industry's latest advancements.
Anthropic, Cohere, Concentric AI and Robin AI are among the companies that could prove to be a force in the coming year as artificial intelligence becomes the most exciting technological advancement.
In 2023, AI took center stage in the Indian startup ecosystem, with GenAI startups alone raising over $475 million in funding between 2021 and May 2023. Minus Zero, Soptle, Curebay and Pando were among the notable AI startups.
U.S. federal government spending on AI-related contracts has massively increased in the last year, especially in the defense sector. The value of AI funding obligated increased over 150% from $261 million to $675 million.
March 27, 2024
Amazon has invested a further $2.75 billion in AI startup Anthropic. The move solidifies Amazon's commitment to the rapidly growing field of generative AI.
Cyera, an AI security startup, is raising up to $300 million at a valuation of $1.5 billion. The company aims to address the data security challenges associated with AI adoption.
FundGuard, an AI-powered accounting startup, has raised $100 million in new funding. The company plans to use the funds to expand its operations and enhance its AI capabilities.
ValidMind, an AI startup focused on trust and transparency in financial services, has secured $8.1 million in funding. The company aims to help financial institutions adopt AI while maintaining regulatory compliance.
Nominal, a new startup, has launched with the goal of disrupting the $44 billion ERP market using generative AI. The company aims to streamline business processes and improve efficiency.
Celestial AI has closed a $175 million Series C funding round led by the U.S. Innovative Technology Fund. The funding will support the company's development of advanced AI technologies for various industries.
March 26, 2024
Two high-profile AI companies have recently experienced shake-ups, which may signal more changes to come in the industry. The article discusses the implications of these developments.
A three-year-old startup is betting that AI can help address the shortage of accountants. The company aims to use AI to streamline accounting processes and improve efficiency.
Elon Musk's AI startup, xAI, has secured $500 million in commitments from investors toward its $1 billion funding goal. The company aims to develop advanced AI technologies that surpass those of OpenAI.
This article covers three AI developments: Bayer applying AI to agriculture, Spacely AI securing funding for its interior design platform, and Groq building specialized chips for large language models (LLMs).
Concentric AI, a startup that provides AI-based data security solutions, has raised $14.5 million in funding. The company's platform automatically identifies and protects sensitive business data.
Akkio, a no-code AI platform for businesses, has secured $3 million in funding. The platform enables non-technical users to create and deploy AI models without requiring coding skills.
ZeroEyes, an AI-based gun detection platform, has raised $20.9 million in a Series A funding round. The company plans to expand its platform and accelerate growth.