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The 10 Biggest Rounds Of May: xAI And CoreWeave Lead Big Month For AI

Crunchbase News

xAI , $6B, artificial intelligence: Elon Musk ’s generative AI startup, xAI , officially announced its long-awaited fundraise — making it the second-most-valuable generative AI company in the world behind only competitor OpenAI. Musk’s company was announced just last July and released its ChatGPT competitor, Grok, last November.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

They had ChatGPT write the script, and other gen AI tools to create a digital person who reads the script, a scalable process with at least one measurable benefit: speed. Gen AI helps scientists develop new proteins Another interesting set of use cases can be found, for the time being, in biotech.

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The ‘Great Retraining’: IT upskills for the future

CIO

The latest piece in her reinvention story is Synchrony’s new Tech Apprenticeship for Artificial Intelligence, a full-time, 12-month program that balances on-the-job learning with instructor-led training, providing Chavarin with a pathway into one of the most coveted technology spaces despite her very nontraditional IT background. “AI

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The Week’s 10 Biggest Funding Rounds: xAI Laps Field In Another Slow Week

Crunchbase News

xAI , $6B, artificial intelligence: Elon Musk ’s generative AI startup, xAI, officially announced its long-awaited fundraise — making it the second-most-valuable generative AI company in the world behind only competitor OpenAI. Frore Systems secured an $80 million Series C led by Fidelity Management & Research Co.

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Daily Crunch: Citing ‘unscrupulous actors’ and market trends, Coinbase CEO lays off 950 workers 

TechCrunch

Chatting, but with a bot : Everyone’s ChatGPTing. Dubious ChatGPT apps are flooding the Apple App Store and Google Play Store. German-based biotech company BioNTech — one of the big manufacturers of COVID-19 vaccines, among other things — is set to acquire InstaDeep , a Tunis-born and U.K. Know how we know? Ivan has more.

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The Week’s 10 Biggest Funding Rounds: X-Energy And Seismic Therapeutics Lead Surprisingly Big Week

Crunchbase News

X.AI , $135M, artificial intelligence: You may have heard Elon Musk has an artificial intelligence startup to compete with OpenAI. Well, this week it was reported by various sources the company, X.AI (of course), is attempting to raise $1 billion, per a securities filing earlier this week. billion valuation.

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The Biggest Of The Big: AI Startups Raised Huge — These Were The Largest Deals Of 2023

Crunchbase News

Artificial intelligence was big in 2023 — and that could be the understatement of the year. The ChatGPT rival inked a deal with Amazon for the e-commerce and cloud titan to invest up to $4 billion in the AI startup. Pi lets people quickly receive relevant information and advice on their interests.