Technology

Qualtrics claims it’ll spend $500M on AI over the next four years

July 19, 2023
Qualtrics, the cloud-based platform for managing online customer experiences, intends to spend $500 million on AI over the next four years. The company made the announcement this morning alongside the launch of its new AI-integrated platform, XM/os2 (an unwieldy name, to be sure), which offers generative AI solutions tailored to enterprise experience management use cases. […]

Apple is testing a ChatGPT-like AI chatbot

July 19, 2023
Apple is developing artificial intelligence tools to challenge Open AI, Google and others, according to a new report from Bloomberg’s Mark Gurman. The tech giant has created a chatbot that some engineers are internally referring to as “Apple GPT.” Apple has yet to determine a strategy for releasing the technology consumers, but is reportedly aiming […]

SAP invests in generative AI startups Anthropic, Cohere and Aleph Alpha

July 19, 2023
In case one needed more evidence that there’s a massive appetite for generative AI, SAP, the Germany-based consulting giant, yesterday invested in three major generative AI players: Anthropic, Cohere and Aleph Alpha. The terms of the direct investments, which weren’t disclosed, build on SAP’s $1 billion-plus commitment to back AI-powered enterprise tech startups from Sapphire […]

Umbra is a Silicon Valley outsider – they prefer it that way

July 19, 2023
Umbra co-founder Gabe Dominocielo’s last name is roughly translated from the Latin as “lord of the skies.” It’s a fitting title for the head of a satellite imagery company — but in a recent interview with TechCrunch, he joked that his last name should be “unit economics.” “Space isn’t my background,” he said. “My passion […]

Team behind crypto privacy protocol Manta Network is now valued at $500M

July 19, 2023
Even amid the crypto winter, some web3 companies are racking up hefty valuations. P0x Labs, the team behind Manta Network, a privacy-preserving protocol running on the Polkadot blockchain, announced today that it has reached a $500 million valuation following a $25 million Series A funding round. Lead investors in the round are crypto-focused Polychain Capital […]

The Download: Meta’s new AI system, and covert Chinese social media activity

July 19, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Meta’s latest AI model is free for all  The news: Meta is going all in on open-source AI. The company has unveiled LLaMA 2, its first large language model that’s available for anyone…