Mistral AI secures €105m in Europe's largest-ever seed round, targeting enterprise AI solutions. Developing a large language model which is open-sourced, without legal issues and copyright infringement.
Oracle partners with Toronto-based AI startup, Cohere, to offer enterprise customers an alternative method to build generative AI apps using their own data. Cohere raised $270M in a series C funding round, with big tech names including NVIDIA, Salesforce Ventures, and SentinelOne. Oracle will be embedding Cohere's AI technology, and Cohere will use Oracle's cloud to train, build, and deploy its AI models. This partnership looks similar to Microsoft's investment in OpenAI, but Cohere is designed for enterprise customers, allowing them to use their own data to train their AI models without sharing it.
Discover London-based startup Synthesia, revolutionizing the world of generative AI with their virtual avatar technology. With $90m raised, this unicorn valuation is one to watch! #Synthesia #AI #startup
Get the inside scoop on paid acquisition, startup failures, and fundraising from TechCrunch+. Discover the latest trends and insights in the tech industry. Subscribe now and save 20% with code TCPLUSROUNDUP.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?