Monthly Archives: April, 2023

Replit, a San Francisco-based IDE provider, just secured $100 million in funding to further develop their AI-driven code-generating tool Ghostwriter, helping the company reach a post-money valuation of up to $1.16 billion. This new round was backed by renowned investors, including Andreessen Horowitz, Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures, and Hamilton Helmer. With the new funds, Replit is looking to focus on expanding its core product experience, cloud services, and AI innovation. Founded in 2016, Replit is an online collaborative IDE supporting programming languages like Java, Python, Go, and C++. Their signature feature of Ghostwriter is a suite of AI models suggesting and explaining code powered by open source. Since launch, Replit has grown to 20 million users and is now looking to move forward with more professional development offerings.

Explore how Generative AI is revolutionizing enterprise search using conversational AI and ChatGPT technologies. Join business leaders in San Francisco for the VB Spotlight event to learn how Generative AI can unlock the full potential of data and optimize business outcomes. Make sure to tune in on July 11-12!

ClickUp introduces innovative templates and collaborative tools to make project management simpler, stronger and quicker with AI technology. Haris Butt, Head of Design at ClickUp, said the company is creating its own Large Language Model (LLM) to offer a generative AI experience tailored to project management. Developers will now benefit from automated tasks, but accuracy of these AI-enabled platforms must be verified.

Meta is the world's leading tech giant, investing in AI tech to keep up with likes of ChatGPT and stay on top. CEO Mark Zuckerberg is exploring “chat experiences” to enhance ads and posts in Facebook, Instagram, and WhatsApp. He is also investing $33 billion on AI tech - and recently reported a 24% increase in app users for its Reel feature. The company is also developing LLaMa, a conversational language model with 65 billion parameters.

The EU is proposing a new legislation that would require developers of AI tools, such as ChatGPT, to disclose copyrighted materials used in their programs. This gives content creators more control over their works, allowing them to get a share of the profits when their material is used by tools like ChatGPT. Microsoft, Google and Alphabet are leading AI development, so this legislative draft is key to protecting content creators. Bruno Kahl, executive president of the German intelligence service, is spearheading this effort. He brings deep experience in intelligence and business to this role.