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- Microsoft invests in Touchcast; TSMC chairman calls Sam Altman's plan 'too agressive' and NVIDIA invests in Video Search startup
Microsoft invests in Touchcast; TSMC chairman calls Sam Altman's plan 'too agressive' and NVIDIA invests in Video Search startup
Rene
June 05, 2024
Welcome to today's AI Brief, where we bring you the latest developments in the fast-evolving world of artificial intelligence. Let’s dive in right away!
Microsoft has invested in Touchcast Inc., a New York-based startup focused on improving AI efficiency by caching common queries. This investment aims to reduce computational load and energy usage, making AI deployment more cost-effective and quicker. Read more
Newly appointed TSMC Chairman Dr. C. C. Wei has expressed skepticism about OpenAI CEO Sam Altman's aggressive $7 trillion chip venture plans, citing them as overly ambitious amidst geopolitical tensions and operational challenges. Read more
Nvidia has co-led a $50 million investment in Twelve Labs Inc., a startup specializing in AI-based video search technologies. This investment aims to enhance video search capabilities using advanced AI technologies. Read more
A group of current and former OpenAI employees have raised concerns about the AI industry's rapid growth without sufficient oversight, calling for better whistleblower protections and more robust safety measures. Read more
AI startup Cohere has secured $450 million in funding from major investors including Nvidia, Salesforce Ventures, and Cisco, bringing its valuation to $5 billion. This investment will support the development of large language models for AI applications. Read more
Databricks has announced its agreement to acquire Tabular, a startup specializing in data management software, for an estimated $1 billion to $2 billion. This acquisition aims to enhance Databricks' AI capabilities. Read more
Elon Musk has redirected Nvidia AI chip shipments from Tesla to his other ventures, X and xAI, emphasizing his focus on advancing AI capabilities outside of his electric vehicle company. Read more
Spike, a Lithuanian startup, has raised €3.2 million in seed funding to enhance its AI-driven solutions for healthcare enterprises, focusing on health data and personalized services. Read more
Cisco has unveiled a $1 billion fund to invest in AI startups, marking a significant move in the tech industry's rush to invest in artificial intelligence technologies. Read more
Amazon has introduced Project P.I., leveraging AI and computer vision to enhance quality control by detecting defects in products before they are dispatched to customers. Read more
Human Native AI, a London-based startup, has raised £2.8 million to develop a marketplace for legally and ethically sourced data for AI training, addressing concerns over the use of copyrighted materials. Read more
Evolent Health has signed an agreement to acquire AI technology from Machinify, aiming to integrate advanced AI into its healthcare management platform to enhance efficiency and clinical value. Read more
Overture Partners has introduced new AI-driven staffing solutions and a GPT chatbot to streamline the hiring process and improve interactions in the IT talent acquisition market. Read more
Intel has shared details about its next-generation Lunar Lake mobile processors, highlighting significant advancements in AI performance and efficiency with up to 120 TOPS. Read more
Inspeq AI, based in Dublin, has raised $1.1 million to optimize the development and deployment of Gen-AI applications, focusing on performance, security, and ethical challenges. Read more