Monthly Archives: April, 2023

. Synthesia is the latest AI startup to benefit from increased investments in the sector, with talks of a potential funding round from Accel that could value the company at up to $1 billion. With its platform, users can now create professional videos with realistic virtual presenters perfected in 15 minutes. Its technology has been used for major campaigns, including David Beckham's 'Malaria Must Die' that had nine languages. Such advancements have raised awareness of ethical and safety applications, leading to exclusive use of the platform.

Dropbox, a leading file hosting service, announced its pivot to Artificial Intelligence, unfortunately accompanied by the layoff of 500 employees. Drew Houston, CEO and co-founder, expressed his commitment to ensuring that Dropbox leads the way in the development of AI. With experts in AI, they will explore and build machine intelligence to better serve and understand their loyal customers. With Drew's perseverance and vision, Dropbox will move forward and continue to be a valuable and popular service in this evolving industry.

Pinecone is revolutionizing the data science industry: introducing an AI-driven vector database allowing for flexibility & compliance, it has secured $100 million Series B investment on a $750 million post-valuation. Led by Edo Liberty (SVP at WordPress.com for five years), it has become a market leader.

Harvey, a startup that uses AI to free up time for lawyers, has been backed by OpenAI with a $21 million Series A funding. With GPT-4 technology and over 15,000 law firms on its waiting list, the company is helping lawyers to focus on relationships while its AI systems take over administrative tasks. PwC, one of their big partners, is using Harvey to better manage its professional network and develop customised products and services.

. Microsoft, the world-renowned technology giant, is increasing its presence in the AI industry. Its collaboration with OpenAI has seen positive effects, with its share prices increasing by 9% due to the third quarter earnings report. Bing, their search engine, has also had great success, attributed to the inclusion of AI-fuelled features such as Bing Chat. Microsoft's CEO, Satya Nadella, has expressed his commitment to AI, with Azure expected to surpass Google and Amazon Web Services.