By
ETCentric StaffMarch 14, 2024
Months-old startup Cognition AI has emerged from stealth mode with Devin, a generative platform it is calling “the world’s first fully autonomous AI software engineer.” Although Cognition has yet to make Devin widely available, much less allow independent testing, if its claims are true it would mark a turning point in the AI coding space, moving it from a field of AI assistants to a full-fledged AI engineer. Based on natural language instruction, Devin could potentially take a project from concept to execution rather than simply suggesting code snippets or offering barebones frameworks. Continue reading Startup Cognition Launches AI Software Coding Engine Devin
By
Paula ParisiSeptember 26, 2023
Amazon has entered into a strategic investment in San Francisco-based Anthropic, founded by former members of OpenAI. The AI startup will train and deploy future models using AWS Trainium and Inferentia chips to train and deploy future foundation models with AWS as its primary cloud provider. In turn, Amazon says it will invest up to $4 billion in Anthropic, as it strives to compete with other technology firms in the race to develop generative AI, seeding growth for what is shaping up to be an entirely new economic and social landscape. Continue reading Amazon Plans to Invest Up to $4 Billion in AI Startup Anthropic
By
Paula ParisiJanuary 24, 2023
Google seems to view ChatGPT as a threat to its $149 billion annual search business. OpenAI’s chatbot is said to have amazed those who’ve seen its ability to grasp concepts and generate ideas, which Google execs are concerned might translate to “a compelling new search experience,” according to reporting by The New York Times. Sundar Pichai, CEO of Alphabet and Google, is said to have wrangled Google founders Larry Page and Sergey Brin for “several meetings” focused on ratcheting up Google’s AI development in an effort to overtake ChatGPT’s first-mover advantage. Continue reading Google Taps Page and Brin to Take on ChatGPT for AI Search
By
Paula ParisiJanuary 18, 2023
Microsoft plans to add OpenAI’s artificial intelligence app ChatGPT to its Azure OpenAI Service, which is now being made generally available after being offered to select enterprise customers in limited availability since November 2021. ChatGPT’s Azure debut expands on the existing relationship with OpenAI, in which Microsoft in 2019 invested $1 billion, a stake it is considering to expanding by another $10 billion. Microsoft couched the moves as a ”continued commitment to democratizing AI, and ongoing partnership with OpenAI.” Microsoft chief exec Satya Nadella also announced the company plans to eventually include AI tools like ChatGPT into all of its products. Continue reading Microsoft Adding ChatGPT to Wide Release of Azure OpenAI
By
Paula ParisiAugust 26, 2022
Virtual character developer platform Inworld AI has raised $50 million in a Series A funding round led by Section 32 and Intel Capital. The Mountain View-based startup — one of six companies chosen to participate in the 2022 Disney Accelerator — will create virtual characters for games, the metaverse and other entertainment and marketing applications. Because it is focused on providing an interior life, or “mind,” Inworld AI is platform agnostic, with APIs that work across Unity, Unreal Engine, Omniverse and others. Another convenient feature: it lets developers build characters by describing them in natural language. Continue reading Inworld Raises $50M to Create AI-Powered Virtual Characters
By
Paula ParisiJune 13, 2022
The global semiconductor shortage that has plagued the supply chain for the past two years is threatening to affect advanced chips for next-generation smartphones as well as impacting the data centers critical to powering their apps. High-performance chips with tiny transistors had to a large extent sidestepped the scarcities that impacted the auto industry, appliances and basic consumer electronics. Now everything from production volume to manufacturing equipment has analysts worried about whether the world’s top smart chip manufacturers — TSMC and Samsung Electronics — will be able to keep up with customer demand. Continue reading Chip Manufacturing Delays Threaten Next-Gen Smartphones
By
Paula ParisiSeptember 23, 2021
PayPal has begun rolling out its new app, designed as a one-stop financial services tool capable of handling everything from direct deposit and automatic payments to peer-to-peer transactions, shopping and crypto capabilities. In addition, the company has announced PayPal Savings, offering high-yield accounts in partnership with Synchrony Bank. Shifting paychecks to PayPal is seen as a big step that can centralize consumer financial chores through the service, making it competitive with neobanks like Chime and Varo. PayPal now links to 17,000 billers including utilities and credit card firms. Continue reading PayPal Launches Super App for Consumer Financial Services
By
Debra KaufmanAugust 3, 2021
Gawker — the former online site covering news related to celebrities, media figures and tech entrepreneurs — is live again, headed by Leah Finnegan who has held editing positions with The Outline, The New York Times and The Huffington Post. Started by journalist Nick Denton in 2002, Gawker became an irreverent digital destination and the base of Gawker Media, which also included Deadspin for sports, Gizmodo for technology and Kotaku for gaming. The company was brought down by a 2016 invasion-of-privacy lawsuit filed by Hulk Hogan (and bankrolled by Silicon Valley’s Peter Thiel). Continue reading Gawker Is Revived with New Design, Familiar Irreverent Tone
By
Debra KaufmanJanuary 21, 2020
A small startup named Clearview AI, led by Hoan Ton-That, created a facial recognition app that may exceed the scope of anything built by the U.S. government or Big Tech companies. Now in the hands of the FBI, the Department of Homeland Security and hundreds of other law enforcement agencies, the app allows the user to take a photo of a person, upload it and search a database of more than three billion images to find public photos of that person with links to where they appeared. Images have been scraped from Facebook, YouTube, Venmo and “millions of other websites.” Continue reading FBI and Law Enforcement Use New Facial Recognition Tool
By
Debra KaufmanDecember 12, 2018
Location data has become big business. According to recent research from The New York Times, at least 75 companies receive reams of precise, anonymous location data from apps with enabled location services. Some of these companies state they track up to 200 million mobile devices, to collect such data, which they sell, use or analyze for customers such as advertisers, retail companies and financial outlets including hedge funds. The location-targeted advertising industry is valued at $21 billion this year. Continue reading The Industry Built Upon Analyzing, Selling Your Location Data
By
Debra KaufmanNovember 20, 2018
Hive, a startup founded by Kevin Guo and Dmitriy Karpman, trains domain-specific artificial intelligence models via its 100 employees and 700,000 workers who classify images and transcribe audio. The company uses the Hive Work smartphone app and website to recruit the people who label the data, and recently introduced three products: Hive Data, Hive Predict, and Hive Enterprise. Shortly after the product launch, Peter Thiel’s Founders Fund and other venture capital firms invested $30 million in the startup. Continue reading Hive Builds Tailored AI Models via 700,000-Person Workforce
By
Debra KaufmanJune 21, 2018
Facebook has decided to take a page from the book of HQ Trivia, an app hosted by “quiz daddy” and comedian Scott Rogowsky that focuses on live-streamed multiple choice questions and other gimmicks. The Silicon Valley company launched tools aimed at Facebook Live content creators that will let users interact with shows rather than simply passively viewing them. The new Interactive Show Experiences will let publishers and content developers add polls, multiple choice options, cash prizes and player eliminations to their videos. Continue reading Facebook Launches New Toolset for Live Interactive Games
By
Debra KaufmanJuly 14, 2017
The new Microsoft Research AI lab is now open for business, targeting the creation of a single system of general artificial intelligence that can flexibly work on a range of problems. Based at company headquarters in Washington state, the lab will be home to more than 100 scientists whose AI research spans fields including perception, learning, reasoning and natural language processing. The lab’s goal of general AI differs from narrow AI, which performs one task very well, such as facial recognition. Continue reading Microsoft Takes a Bigger Stake in AI With New Lab, Projects
By
Debra KaufmanMarch 29, 2017
Tesla founder Elon Musk has launched a new company, Neuralink Corp., to dig deep into so-called neural lace technology that would merge the human brain with artificial intelligence. Musk already heads up two complex businesses. At Tesla, he is under pressure to deliver the Model 3, priced at $35,000, on time. At SpaceX, the ambitious plan is to launch both a satellite-based Internet business and a rocket to carry humans to Mars. Max Hodak, who founded robotic startup Transcriptic, is a member of Neuralink’s founding team. Continue reading Elon Musk’s Neuralink Corp. Seeks to Enhance Brains with AI
By
ETCentricAugust 19, 2016
We have an update to Univision’s $135 million acquisition of Gawker Media. Latest reports indicate that the deal will not save the company’s flagship site, and Gawker.com will shut down next week. “The website itself won’t go dark when it stops publication, but it won’t have anyone running it,” reports Recode. Gawker Media’s remaining sites — including Gizmodo, Deadspin and Jezebel — will be folded into Fusion Media Group, Univision’s English-language digital media division, as part of the company’s push to target millennials. Univision recently invested in The Onion, The Root and Fusion. Continue reading Univision Acquisition Marks End of the Road for Gawker.com