Welcome to our roundup of the top stories & startups to watch in AI, this week we have stories on:
- Google rebrands Bard and launches Gemini Advanced
- OpenAI seeks to raise trillions for AI chips
- AI startups raised $302M in venture funding
This Week in AI 🗞️
This week in AI, Google launched their new Gemini Advanced model and OpenAI is reportedly raising trillions to build AI chips and reshape the global semiconductor industry.
Google launches Gemini Advanced
Google's Bard has been rebranded as Gemini, introducing a mobile app and an advanced version called Gemini Advanced with Ultra 1.0. Read the full story.
OpenAI seeks to raise trillions for AI chips
As the WSJ reported, OpenAI and Sam Altman are seeking to reshape the global semiconductor industry with a new AI chip project. Altman says he could need to raise between $5-7 trillion for the project. Read the full story.
we believe the world needs more ai infrastructure--fab capacity, energy, datacenters, etc--than people are currently planning to build.
— Sam Altman (@sama) February 7, 2024
building massive-scale ai infrastructure, and a resilient supply chain, is crucial to economic competitiveness.
openai will try to help!
AI Startups Raised $302M Last Week
Last week AI startups raised a total of $302M in venture funding, here are a few of our favourite to watch.
Ambience Healthcare - Raised a $70M Series B round
- What they do: Ambience Healthcare’s mission is to supercharge clinicians with breakthrough generative AI technology. The Ambience AI operating system consists of a synergistic suite of applications, designed to alleviate clinician burnout, improve overall system efficiency, and enable high-quality care.
- Industries: Healthcare, Medical
- Location: San Francisco, California, United States
Synthetaic - Raised a $15M Series B round
- What they do: Synthetaic’s RAIC (Rapid Automatic Image Categorization) solves AI’s underlying data-labeling problem by eliminating the need for time-intensive human labeling or expensive labeled datasets.
- Industries: Big Data, Data Collection and Labeling, Generative AI, Machine Learning
- Location: Delafield, Wisconsin, United States
Colossyan - Raised a 22M Series A round
- What they do: Colossyan enables users to create videos from text using AI and is focused on Learning & Development (L&D) creators. Colossyan sidesteps the traditional video creation process, removing the need for cameras, studios, and conventional actors.
- Industries: Big Data, Data Collection and Labeling, Generative AI, Machine Learning
- Location: Delafield, Wisconsin, United States
That's it for this edition of This Week in AI. If you were forwarded this newsletter and would like to receive it, you can sign up below.
