Tag: Funding

Chinese start-ups have emerged as major competitors in the AI chatbot market, challenging the dominance of OpenAI and Google. Tencent, Alibaba, and Baidu are among the brands competing to develop more intuitive and efficient chatbots, backed by innovative new products and strong funding. These companies face the challenge of winning over loyal Chinese consumers, but have the potential to disrupt the market as they race to become AI chatbot leaders.

UpdateAI, a customer success platform integrated with ChatGPT AI, has raised $2.3 million in funding from investors, aiming to automate workflows for CS teams and enhance their productivity. CEO Josh Schachter believes this funding will enable more strategic thinking, and foresees a cross-functional system for customer conversations.

Discover Kira Learning, a startup using AI to teach computer science to K-12 students. With $15 million in funding from investors, it offers video-based content and an AI-powered grading system, allowing teachers to customize the course content. They have teamed up with the Tennessee STEM Innovation Network to offer computer science courses in all public middle and high schools in the state. Start your child's education today.

OpenAI is investing $1m in cybersecurity start-ups with its new Cybersecurity Grant Program. Using AI to develop cyber defense mechanisms and create a collaborative network, this initiative offers cutting-edge tools to defenders. The grants provide maximal public benefit through defensive cybersecurity AI applications. Offensive security projects are not considered.

Generative AI start-up, Runway, secures $100m from a top cloud provider, believed to be Google, and signs a $75m cloud deal. This deal underlies the increasing interest of cloud providers in AI. Runway's new valuation is $1.5bn.