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…

FedML raises $11.5 to combine MLOps tools with a decentralized AI compute network

July 19, 2023
Interest in AI among the enterprise continues to rise, with one recent survey finding that nearly two-thirds of companies plan to increase or maintain their spending on AI and machine learning into this year. But often, these companies are encountering blockers in deploying various forms of AI into production. A 2020 poll from Rexer Analytics […]