Nubank acquires Hyperplane; OpenAI delays Voice Assistant launch & Toys 'r' Us Uitilizes OpenAI's Sora

Hi there and welcome to another edition of the Daily AI Brief.

Let’s dive into today’s AI news right away!

Nubank Acquires AI Startup Hyperplane Nubank, a leading digital banking platform, has acquired Hyperplane, a San Francisco-based startup specializing in AI and data intelligence for banks. The acquisition is expected to enhance Nubank's capabilities in providing personalized financial advice to its over 100 million customers in Latin America. Read more

OpenAI Delays Launch of Voice Assistant to Address Safety Issues OpenAI has postponed the launch of its new voice assistant feature for ChatGPT, originally set for June 2024. The delay aims to ensure the product meets safety standards and can handle large-scale user interactions effectively. Read more

Ability AI Secures $1.1M Funding for Marketing AI Agent Ability AI, a Ukrainian-founded martech startup, has raised $1.1 million in pre-seed funding to enhance its autonomous AI agent for marketing automation. The funds will support development and market expansion efforts. Read more

Toys 'R' Us Utilizes OpenAI's Sora for First Video Ad Toys 'R' Us has launched its first commercial created with OpenAI's text-to-video tool, Sora, at the Cannes Lions event. The ad, featuring an AI representation of founder Charles Lazarus, has received mixed reviews. Read more

Anthropic Introduces New Collaboration Tools for Claude AI Assistant Anthropic has launched new functionality for its Claude AI assistant, allowing Pro and Team users to organize chats into Projects. This feature aims to improve collaboration and strategic decision-making. Read more

Stability AI Raises US$80 Million with New CEO and Board Stability AI has secured $80 million in new funding and appointed Prem Akkaraju as CEO and Sean Parker as executive board chairman. The company aims to enhance its AI-driven media creation tools. Read more

Startup Bright Machines Raises $106 Million from Nvidia and Other Investors Bright Machines, a software and robotics startup, has raised $106 million in a Series C funding round with investors including Nvidia and Microsoft. The funds will support engineering efforts to enhance robotics and computer vision technologies. Read more

AI Startup EvolutionaryScale Raises $142 Million in Funding EvolutionaryScale, an AI startup, has raised $142 million in seed funding to support its ESM3 platform for generating novel proteins. The platform represents a significant advancement in bioengineering. Read more

Startup Created by Humans Aids Book Authors in Licensing Work to AI Companies Created by Humans, a new startup, aims to assist book authors in licensing their works for use by AI companies, addressing issues of control, accuracy, and compensation. Read more

AI Startup Etched Raises $120 Million to Develop Specialized Chip Etched.ai, an AI chip startup, has raised $120 million in Series A funding to develop its Sohu chips, designed to surpass the efficiency of Nvidia's GPUs. Read more

Formation Bio Raises $372M to Enhance Drug Development with AI Formation Bio has raised $372 million in Series D funding to enhance its AI capabilities in drug development, with significant inputs from industry giants and venture capitalists. Read more

Clearbrief, a Legal AI Startup, Raises $4 Million in Financing Clearbrief, a legal tech startup, has raised $4 million in new funding to support its expansion into larger law firms, enhancing its AI-driven legal writing tool. Read more

Datachamps, an AI Startup, Raises $500K in Seed Round Led by Windrose Capital Nashik-based AI startup Datachamps has secured $500,000 in seed funding from Windrose Capital to enhance technology and expand market presence. Read more

Think Tank Advocates for AI Incident Reporting System The Centre for Long-Term Resilience has called for a comprehensive AI incident reporting system to address critical gaps in AI regulation. Read more

Cloudphysician Raises $10.5 Million in Funding AI health startup Cloudphysician has raised $10.5 million in Series A funding to enhance its platform and expand globally. Read more

Startup Launches AI Research Tool for Knowledge Management Israeli startup Upword has unveiled a new AI-powered research assistant tool and completed a $3 million pre-seed funding round. Read more

Norm Ai Secures $27 Million Funding for AI-Driven Regulatory Compliance Platform Norm Ai has raised $27 million in Series A funding to enhance its AI-driven regulatory compliance platform. Read more

Rocketlane Raises $24 Million for AI Roadmap Rocketlane, a B2B SaaS company, has raised $24 million in Series B funding to enhance its AI-driven customer onboarding and professional services platform. Read more

Jfrog Acquires Qwak, an Israeli AI Startup, for $230 Million Jfrog, an Israeli software company, has acquired AI startup Qwak for $230 million. The acquisition aims to enhance Jfrog's DevOps offerings with advanced AI capabilities. Read more

Sean Parker Leads Investor Group to Save AI Startup Stability AI, creators of Stable Diffusion, has secured new investments and appointed new executives as it faces financial challenges. Sean Parker leads the investor group, becoming the executive board chairman. Read more

Eli Lilly Collaborates with OpenAI to Develop Antibiotics for Drug-Resistant Bacteria Eli Lilly has partnered with OpenAI to create antimicrobials for combating drug-resistant bacteria, leveraging generative AI technologies. Read more

Alibaba Cloud Launches AI Model Hub in English for Exporting Chinese AI Models Alibaba Cloud has introduced an English version of Modelscope, its AI model-as-a-service platform, to expand access to its AI models and datasets globally. Read more