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Meta Delays Launch of AI Model; Perplexity AI Partners with SoftBank & You.com Raises $50 Million
Stefan
June 18, 2024
Meta has postponed the launch of its AI model in Europe following a request from Irish privacy regulators and advocacy groups, who raised concerns about the use of personal data. The delay stems from the Irish Data Protection Commission and complaints by the NOYB advocacy group. Meta's plans involved using data from Facebook and Instagram users without explicit approval, which led to privacy concerns among European stakeholders.
Aim Security, an Israeli startup specializing in generative AI security, has raised $18 million to expand and enhance its AI security platform.
LinkedIn has introduced new AI-powered tools for premium subscribers to aid in job searching, including personalized resumes and AI-assisted cover letters. These enhancements are designed to make the job search process more efficient and tailored to individual needs.
You.com has raised $50 million in Series B funding to enhance its AI assistant platform. The funding round, led by venture capital firm Georgian, values the startup between $700 million and $900 million.
OpenAI has partnered with Color Health Inc. to develop AI-driven solutions for cancer screening and treatment. Color Health has introduced an AI assistant named 'copilot' leveraging OpenAI's GPT-4o technology for early cancer detection.
Omi, a Paris-based AI visuals generation startup founded by former Meta employees, has raised €13m to develop its 3D image creation tool. The funding will be used to enhance product development and expand market reach.
Perplexity AI has partnered with SoftBank to enhance its presence in Japan, offering a year of free access to its premium service through SoftBank's mobile operations, Y!mobile and LINEMO.
Zoopla has introduced AI-powered features to enhance user experience and lead quality, including a personalized homepage and the 'Homes for You' feature, which recommends listings based on user browsing activity.
Prosperr.io, a Bengaluru-based fintech startup, has secured INR 12.9 Cr (approximately $1.55 Mn) in pre-seed funding to develop AI-driven tax advisory and optimization services.
Constructor, an AI-powered search platform for e-commerce, has raised $25 million in a Series B funding round led by Sapphire Ventures. The new funding brings Constructor's total raised to $85 million, with plans to expand functionality and grow into new regions.
A study by the Reuters Institute highlights significant concerns about AI's role in news generation, particularly regarding hard news topics like politics and war, as trust in global media decreases.
Zeta Labs has secured $2.9 million in a pre-seed funding round to develop its AI agent JACE, which is designed to interact with digital tools and perform complex web-based tasks.
Cognitiv has partnered with Adform to launch ContextGPT™ in Europe, providing AI-based contextual targeting for digital advertisers across multiple languages.
Amsterdam-based Kollie introduces AI voice agents proficient in Dutch, English, and German, aiming to enhance business communications across Europe.
Kfund has secured €70 million for its sixth investment fund, K3, aimed at supporting AI and cloud-based startups in southern Europe.
BlinqIO has raised $5 million in Seed funding to further develop its generative-AI software testing platform, aiming to automate software testing processes.
Google Australia has launched its AI First Accelerator program, targeting Australian startups specializing in AI and machine learning, offering mentorship and technical support.
McDonald's has halted its AI-powered drive-thru chatbot project with IBM and is seeking new partners to further develop voice ordering solutions.