Databricks’ $60B Valuation, DeepMind’s Veo 2 Takes on Sora, and YouTube AI Training Opt-Ins

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Databricks is set to secure a staggering $9.5 billion funding round, pushing its valuation to $60 billion. Google DeepMind unveils Veo 2 to rival OpenAI's Sora, while YouTube gives creators control over AI training use. Meta adds live AI features to Ray-Ban smart glasses, and Cohere teams up with Palantir for AI model deployments. Here’s today’s top AI news.

Today’s top stories

Databricks to Raise $9.5 Billion, Valuation Reaches $60 Billion

Databricks is set to secure one of the largest funding rounds in venture capital history, with Thrive Capital leading and contributions from key investors. The company also plans a $4.5 billion debt raise to enhance its AI-driven analytics platform. Read more

Google DeepMind Unveils Veo 2 to Compete with OpenAI's Sora

Google DeepMind has introduced Veo 2, a new video-generating AI model that aims to surpass OpenAI's Sora in producing longer and higher resolution clips. While currently limited in Google's VideoFX tool, future plans include broader accessibility and integration across Google's platforms. Read more

YouTube Allows Creators to Opt In to Third-Party AI Training

YouTube introduces a new setting in YouTube Studio, enabling creators to choose which third-party AI companies can use their content for training. This move addresses concerns about unauthorized content use by companies such as Apple and OpenAI. Read more

Meta Enhances Ray-Ban Smart Glasses with New AI Features

Meta's latest update to its Ray-Ban smart glasses introduces 'live AI' for real-time interaction with its AI assistant, live translation capabilities, and music identification via Shazam. Read more

Cohere Collaborates with Palantir to Deploy AI Models

Cohere, a prominent AI startup, is working with Palantir to integrate its AI models into Palantir's Foundry platform, serving both corporate clients and potentially defense agencies. Read more

Google Launches Whisk for Creative Visualization and Remixing

Google has introduced Whisk, an experimental tool from Google Labs that leverages images for creative idea visualization and remixing, using the Gemini and Imagen 3 models. Read more

Other stories

• IPTO and Serverfarm Partner to Build Hyperscale Data Centers in Greece

• Government of Canada Signs $134 Million Deal with SAS for AI Modernization

• Thoughtworks and AWS Collaborate to Advance GenAI Adoption in Asia Pacific

• Chargezoom Secures $11.5 Million in Series A Funding Led by Kickstart Fund

• GMI Cloud Partners with VAST Data for Scalable AI Infrastructure

• SoftBank to Invest $100 Billion in U.S. Projects

• Lee Enterprises Selects AWS to Modernize Cloud Infrastructure

• OpenAI Expands ChatGPT AI-Powered Web Search to More Users

• Enghouse Systems Acquires Aculab PLC to Enhance AI and Communication Offerings

• Stand Insurance Launches to Cover Climate-Impacted Properties Using AI

• Denmark's AI Supercomputer Gefion Ranked 7th Fastest in Global Storage Systems

• Fintech Startup Mili Secures $2 Million Seed Funding Led by Chiratae and BoldCap

• Zhipu Raises $412 Million to Enhance AI Capabilities

• Mercurity Fintech Holding Enters Joint Venture for AI Hardware Manufacturing

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