Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

December 20, 2024

Pairing live support with accurate AI outputs

A live agent spends hours each week manually documenting routine interactions. Another combs through multiple knowledge bases to find the right solution, scrambling to piece it together while the customer waits on hold. A third types out the same response they’ve written dozens of times before. These repetitive tasks can be draining, leaving less time…

May 21, 2024

Scale AI, a company that provides data-labeling services for training machine learning models, has raised a $1 billion Series F round from a slew of big-name institutional and corporate investors including Amazon and Meta. The raise, which constitutes a mix of primary and secondary funding, comes amid a boom in AI venture capital megarounds, with […]

Meta, Match, Coinbase and others team up to fight online fraud and crypto scams

May 21, 2024

The new coalition, Tech Against Scams, will work together to find ways to fight back against the tools used by scammers and to better educate the public against financial scams.

EU Council gives final nod to set up risk-based regulations for AI

May 21, 2024

It’s a wrap: European Union lawmakers have given the final approval to set up the bloc’s flagship, risk-based regulations for artificial intelligence.

Join me at EmTech Digital this week!

May 21, 2024

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. I’m excited to spend this week in Cambridge, Massachusetts. I’m visiting the mothership for MIT Technology Review’s annual flagship AI conference, EmTech Digital, on May 22-23. Between the world leaders gathering in Seoul…

Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

May 21, 2024

London-based fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR.

Zen Educate raises $37M and acquires Aquinas Education as it tries to address the teacher shortage

May 21, 2024

Zen Educate, an online marketplace that connects schools with teachers, has raised $37 million in a Series B round of funding. The raise comes amid a growing teacher shortage crisis both sides of the pond, with a recent report from ADP Research Institute noting that the global pandemic exacerbated the existing supply/demand imbalance due to […]

Pairing live support with accurate AI outputs