Space VC closes $20M Fund II to back frontier tech founders from day zero

May 22, 2024

Gone are the days when space and defense were considered fundamentally antithetical to venture investment. Now, the country’s largest venture capital firms are throwing larger portions of their money behind so-called hard tech startups at the earliest stages. This about-face has led some in the industry to question whether smaller investing shops will be able […]

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Patronus AI is off to a magical start as LLM governance tool gains traction

May 22, 2024

These days every company is trying to figure out if their large language models are compliant with whatever rules they deem important, and with legal or regulatory requirements. If you’re in a regulated industry, the need is even more acute. Perhaps that’s why Patronus AI is finding early success in the marketplace. On Wednesday, the […]

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Unify helps developers find the best LLM for the job

May 22, 2024

When developers have a particular job that AI can solve, it’s not typically as simple as just pointing an LLM at the data. There are other considerations such as cost, speed and accuracy and finding ways to balance all of those has been particularly challenging, especially with so many new models coming online all the […]

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DeepL, the AI language translation startup, nabs $300M on a $2B valuation to focus on B2B growth

May 22, 2024

Yet more major funding is being poured into a startup focused on AI. Today, DeepL – the company that builds automated text translation and writing tools that compete against the likes of Google Translate and Grammarly – announced that it’s raised an additional $300 million. It is now valued at $2 billion, post-money.  This round […]

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The Download: how criminals use AI, and OpenAI’s Chinese data blunder

May 22, 2024
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. Five ways criminals are using AI Artificial intelligence has brought a big boost in productivity—to the criminal underworld. Generative AI provides a new, powerful tool kit that allows malicious actors to work far…