News

Perplexity AI Secures USD 63M for Generative AI Search

  Insights Desk    Apr 24, 2024

Highlights: With the funding, Perplexity introduced Enterprise Pro, its inaugural business offering focusing on enhanced security and privacy for enterprise environments. The company also prov...

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FPT NVIDIA Strategic Partnership for AI Cloud Services

  Insights Desk    Apr 23, 2024

Highlights: FPT intends to invest USD 200 million in constructing an AI factory, which will function as a sovereign cloud. These facilities will showcase NVIDIA's cutting-edge technologies, encom...

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Mistral AI to Raise USD 5 B in Valuation from the New Funding

  Insights Desk    Apr 18, 2024

Highlights: The LLM developer proceeded to raise USD 16.3 million from Microsoft Corp. in February and, most recently, secured an undisclosed amount from Databricks Inc. last month. When an LL...

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Microsoft Invests USD 1.5 B in G42, an AI Enterprise in the UAE

  Insights Desk    Apr 17, 2024

Highlights: After the recent announcement of a USD 1.5 billion investment, G42 will utilize Microsoft’s Azure cloud platform to enhance its AI development initiatives. Microsoft and G42 will...

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Document AI Startup Upstage Raises USD 72 M for Global Expansion

  Insights Desk    Apr 17, 2024

Highlights: Upstage provides a document processing engine and a large solar language model that is customizable for e-commerce, healthcare, finance, and legal sectors by enterprise clients. Up...

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Rivos’s Start-up Capital Raises USD 250M In Funds

  Insights Desk    Apr 17, 2024

Highlights: A CPU executes intricate tasks, such as operating AI software, by dissecting the workflow into comparatively straightforward computations. Rivos indicates that its forthcoming chip...

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OpenAI Plans New Office in Tokyo and GPT-4 New Version for Japan

  Insights Desk    Apr 16, 2024

Highlights: OpenAI announced that its local team will collaborate with local academic institutions, the Japanese government, and business sector clients. According to OpenAI, the modified mode...

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Elon Musk-led xAI Corp. Launches First Multimodal Model Grok-1.5V

  Insights Desk    Apr 15, 2024

Highlights: The business claims that Grok-1.5V, which specializes in what it terms “multidisciplinary reasoning,” is more than capable of competing with current multimodal models across a ran...

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MistralAI Launches Mixtral 8x22B, a Leading Open-source AI Model

  Insights Desk    Apr 11, 2024

Highlights: Mistral, established by AI professionals from Google LLC and Meta, stands out among startups aimed at providing open-source models for public use. It is widely anticipated that Mix...

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Collibra’s AI Government Solution to Enhance Data Reliability

  Insights Desk    Apr 11, 2024

Highlights: Collibra contends that modern organizations face challenges in delivering responsible, compliant AI while also lacking confidence in the trustworthiness of the data used in AI applica...

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