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Suno’s Music Tool v4, Sam Altman’s $150M AI Chip Bet, and UK Supercomputing Setback

Author

Stefan
November 21, 2024

Hi there,

In today’s Daily AI Brief, we explore Suno’s latest music creation tool, Sam Altman’s bold investment in AI chips, and the UK’s potential supercomputing challenges.

Let’s dive into the highlights!Today’s top stories

Suno has unveiled v4 of their music creation tool, featuring improved audio quality, new creative tools, and enhanced design options, now available in beta for Pro and Premier users. Read more

Start-up ProRata.ai has secured significant licensing agreements with prominent UK media groups, boosting its valuation to $130 million. The company aims to ensure fair compensation for content used by AI technologies, with plans to launch an AI-powered search engine next month. Read more

UK Risks Lagging in Supercomputing After Project Cancellation

Mark Parsons from Edinburgh University warns that the UK's decision to cancel an £800 million supercomputing project could hinder scientific and technological advancements, especially as the nation no longer has a supercomputer in the global top 50. Read more

Snowflake and Anthropic Partner to Integrate Claude Models into AI Data Cloud

Snowflake has partnered with Anthropic to make the Claude models accessible to its customers through Cortex AI on AWS, enhancing language processing capabilities for enterprise users. Read more

OpenAI CEO Sam Altman received $76,001 in compensation last year, while OpenAI's valuation soared to around $157 billion. Despite Altman's modest pay increase, his net worth is estimated to be at least $2 billion. Read more

Galbot, a Chinese startup specializing in embodied AI, has raised $69 million in a funding round with participation from state-affiliated and private investors. The company focuses on developing robots with embodied AGI and aims to enhance AI applications in collaboration with the Hong Kong Investment Corporation. Read more

StepFun's Step-2-16k model has been recognized as the leading large language model in China and ranks fifth globally according to LiveBench evaluations, showcasing its ability to effectively understand and follow human instructions. Read more

Sam Altman is spearheading a $150 million funding round for Rain AI, a startup valued at $600 million, to develop energy-efficient semiconductors and compete with Nvidia in the AI chip market. Read more

Promise, a studio backed by Andreessen Horowitz and Peter Chernin, has launched with plans to use AI to streamline content creation in Hollywood. The startup aims to reduce costs and accelerate production with its software, Muse. Read more

AI chip startup Enfabrica, founded by former Google and Broadcom executives, has raised $115 million to tackle networking challenges and improve AI model training capabilities in data centers. Read more

Cresta has raised $125 million in a Series D funding round to enhance its AI-driven solutions for contact centers, aiming to improve customer interactions and operations. New investments come from World Innovation Lab and QIA, with existing supporters like Andreessen Horowitz, bringing the total funding to over $270 million. Read more

Roboflow, a startup specializing in Vision AI, has raised $40 million in a Series B funding round led by GV, aiming to enhance its platform used by over a million developers for computer vision model development. Read more

AI Startup H Launches Runner H for Agentic Applications

H, a Paris-based AI startup founded by former Google employees, has launched Runner H, a tool designed to assist businesses with quality assurance and process automation, after raising $220 million in funding. Read more

Chinese Lab Introduces DeepSeek-R1 to Compete with OpenAI's o1

DeepSeek, an AI research company, has unveiled DeepSeek-R1, a reasoning model intended to rival OpenAI's o1, with plans to open source the model and significant investment support from High-Flyer Capital Management. Read more

OpenAI inadvertently erased search data from a virtual machine, complicating The New York Times and Daily News's efforts in a copyright lawsuit that alleges unauthorized use of their content for AI training. Read more