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Stability AI releases its latest image-generating model, Stable Diffusion XL 1.0

July 26, 2023
AI startup Stability AI continues to refine its generative AI models in the face of increasing competition — and ethical challenges. Today, Stability AI announced the launch of Stable Diffusion XL 1.0, a text-to-image model that the company describes as its “most advanced” release to date. Available in open source on GitHub in addition to […]

Egnyte is bringing generative AI capabilities to its storage platform

July 26, 2023
Egnyte introduced some new generative AI tools today, and revealed more of what’s coming on the AI roadmap. The company also pointed out that it has been incorporating AI into the platform for over a decade, and is not simply jumping on the bandwagon of the moment. Today, it’s announcing a ChatGPT-like interface where customers […]

Volkswagen takes stake in Xpeng as part of Chinese EV deal

July 26, 2023
VW Group announced Wednesday a pair of deals with Chinese automakers aimed at shoring up sales in China. The German automaker said it will invest $700 million into Chinese automaker Xpeng as part of a deal to jointly develop and produce two mid-sized EVs for China. Volkswagen will acquire a 4.99% stake in Xpeng, under […]

Source: Crowdstrike is close to acquiring Bionic.AI for between $200M and $300M

July 26, 2023
It sounds like another M&A deal is about to go down in the world of cybersecurity. Sources tell TechCrunch that Crowdstrike is in advanced negotiations to acquire Bionic.AI — a security posture management platform for cloud services — for between $200 million and $300 million. A deal has yet to be closed, but investors are […]