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Code-generating platform Magic challenges GitHub’s Copilot with $23M in VC backing

TechCrunch

Magic, a startup developing a code-generating platform similar to GitHub’s Copilot , today announced that it raised $23 million in a Series A funding round led by Alphabet’s CapitalG with participation from Elad Gil, Nat Friedman and Amplify Partners. So what’s its story?

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When your AI chatbots mess up

CIO

But as the numbers of new gen AI-powered chatbots grow, so do the risks of their occasional glitches—nonsensical or inaccurate outputs or answers that are not easily screened out of the large language models (LLMs) that the tools are trained on. Hallucinations occur when the data being used to train LLMs is of poor quality or incomplete.

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Assessing the business risk of AI bias

CIO

AI doesn’t get better than the data it’s trained on. In the US, authorities are now using new laws to enforce instances of discrimination due to prejudicial AI, and the Consumer Financial Protection Bureau currently investigates housing discrimination due to biases in algorithms for lending or housing valuation.

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Arist adds $2M to its seed round to grow its SMS-based training service

TechCrunch

This morning Arist , a startup that sells software allowing other organizations to offer SMS-based training to staff, announced that it has extended its seed round to $3.9 But Arist feels a bit more mature financially than some of its peers, perhaps due to its price point. million after adding $2 million to its prior raise.

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Coding for the Future of U.S. National Defense

CIO

Tanzu is a central part of VMware’s software portfolio and its multi-cloud strategy, and will remain that way after Broadcom’s acquisition of VMware closes. With no existing footprint of tools, practices, or personnel, DOD and Tanzu Labs were starting from scratch when they first stood up a VMware-enabled Software Factory within the U.S.

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Nvidia offers retail loss prevention software to accelerate accelerator chip sales

CIO

GPU manufacturer Nvidia is expanding its enterprise software offering with three new AI workflows for retailers it hopes will also drive sales of its hardware accelerators. The cost of training the AI model to recognize these products went beyond the usual spending on computing capacity. “We

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TechCrunch+ roundup: Minimizing M&A mayhem, cybersecurity PM checklist, open source AI

TechCrunch

“Some are hiring talent to jump headfirst, others are happy to back the ‘ChatGPT for X’ spin-outs, and many are sitting in awe, watching their existing investments spark an AI debate of their own, no due diligence needed,” she wrote. It is essential to approach the decision and process with diligence and forethought.”