US AI Safety Institute could face big cuts
The National Institute of Standards and Technology could fire as many as 500 staffers, according to multiple reports — cuts that further threaten a fledgling AI safety organization. Axios reported this week that the US AI Safety Institute (AISI) and Chips for America, both part of NIST, would be “gutted” by layoffs targeting probationary employees […]
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January 2024
Kore.ai, a startup building conversational AI for enterprises, raises $150M
In the midst of a wave of tech industry layoffs, it’s heartening to see some startups succeeding despite the dour market outlook. Kore.ai, a company developing enterprise-focused conversational AI and GenAI products, today announced that it raised $150 million in a funding round led by FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola and […]
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Yelp launches revamped feed with AI-powered business summaries
Yelp is releasing new features as part of its winter release, which includes a more visual feed, AI-powered summaries of businesses, and number masking while contacting businesses for better privacy. Feed and discovery updates The business discovery platform is updating its feed on iOS — with an Android rollout planned in the next few months […]
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p0 uses LLMs to save enterprises from code catastrophes
Startup p0 is named after catastrophic events that can cause a platform to crash, leading to potential security breaches and loss of customer trust in businesses. Those are the problems that the p0 was created to solve, using large language models to help developers catch serious issues in code before it is shipped. The startup […]
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BlueLayer is building the operating system for carbon project developers
Meet BlueLayer, a new European startup that is building a software platform specifically designed for carbon project developers. In particular, BlueLayer wants to help these companies manage their carbon credits at scale. While the best way to prevent carbon emissions is by decarbonizing supply chains, carbon credits will also play a role in the coming […]
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Productivity platform ClickUp acquires calendar startup Hypercal
Tiger Global and a16z-backed productivity company ClickUp has acquired the calendar app Hypercal to boost its platform offering, TechCrunch has learned. As part of the acquisition, the app’s founder Ricardo Clerigo is also joining ClickUp as Head of Calendar. UK-based Hypercal was founded in 2022 as an app for Mac and offered integration with different […]
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Semron wants to replace chip transistors with ‘memcapacitors’
A new Germany-based startup, Semron, is developing what it describes as “3D-scaled” chips to run AI models locally on smartphones, earbuds, VR headsets and other mobile devices Co-created by Kai-Uwe Demasius and Aron Kirschen, engineering graduates from the Dresden University of Technology, Semron’s chips use electrical fields to perform calculations instead of electrical currents — […]
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Fidelity cuts Meta-backed Meesho valuation to $3.5 billion
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down from the $41.9 million that it invested in […]
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Startup studio Hexa hires former Doctolib exec to launch its health vertical
Hexa, the Paris-based startup studio that recently raised $22 million, is launching a new vertical focused on improving the healthcare system. Julien Méraud, a senior team member of the French unicorn startup Doctolib, is joining the startup studio . As a reminder, Hexa started its life as eFounders and originally focused specifically on B2B software-as-a-service […]
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