Tag: Funding

KoBold Metals, a California-based mining company, secures $200M funding from investors like Bill Gates' Breakthrough Energy Ventures. KoBold uses AI to mine rare metals for electric vehicle batteries.

Startups in generative AI are struggling to access data, which is critical to building competitive products. Despite $12.7bn in funding, newcomers face challenges in healthcare and finance. Partnerships with larger companies can be the solution, but cybersecurity concerns have made them hesitant to share data. Instead, startups may have to train models for individual clients using only their own data.

Discover the latest AI technology from ElevenLabs, which has just raised $19m in funding to develop synthetic voices for various sectors, including publishing, gaming, and entertainment.

UpdateAI, an innovative chat-based tool for customer success management has secured $2.3 million in funding through a new financing round. The AI-based platform uses ChatGPT to automate post-call duties and revolutionizes customer-centric operations across industries. UpdateAI aims to make customer conversations measurable, shareable, and insightful while freeing up meaningful time for customer success teams to invest in broader account coverage and strategic thinking. With the potential to monitor account needs throughout the customer journey, UpdateAI bridges the gap of demands and requirements in the customer success realm.

UK PM Rishi Sunak announced early or priority access to AI models by Google DeepMind, OpenAI, and Anthropic. This move will aid research and safety efforts in understanding opportunities and risks of these systems in healthcare, education, and public services. The UK wants to become the best in tech globally, investing £100m in a designated AI taskforce. However, involving private companies in the conversation poses risks that could influence safety approaches around their tech. The UK will host the first-ever Global Summit on AI Safety later this year.