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AI News

News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.

Latest News

8 articles
Product Launch

Google Vids Adds AI Avatars Based on Selfies and Voice Recordings

Google announced an update to Google Vids that lets users create custom digital avatars from a selfie and voice recording. The company also brought its multi-modal AI model Gemini Omni to the platform, enabling video creation from text prompts and reference images, along with step-by-step editing. The updates position Vids as a broader video creation tool within Google Workspace, competing with startups like HeyGen and Synthesia.

Jul 162 minNeura News
Industry

Justin Ernest invested $400M into top startups without a VC fund

Justin Ernest deployed nearly $400 million into high-profile startups like Anthropic, Anduril, and SpaceX over the past year without launching a traditional venture fund. Instead, he used special purpose vehicles (SPVs) to offer family offices and smaller institutions access to coveted later-stage allocations. His firm Sabertooth VC has already scored a major exit from chipmaker Groq, acquired by Nvidia for $20 billion.

Jun 94 minNeura News
Funding

OpenAI Confidentially Files for IPO, Joins Anthropic on Wall Street

OpenAI has confidentially filed for an initial public offering, the company announced Monday, joining rival Anthropic in seeking to go public as the AI industry moves toward greater public market scrutiny. The ChatGPT maker submitted a confidential S-1 filing with the SEC, though it said no timing has been decided yet. The move comes just one week after Anthropic disclosed its own confidential IPO filing, signaling a new phase for AI startups focused on profitability.

Jun 82 minNeura News
Funding

Amp Raises $1.3 Billion for Shared AI Compute Pool

Amp, a startup in Menlo Park, California, has secured more than $1.3 billion to build a global pool of specialized computer chips for AI training. Founded by Anjney Midha, the company aims to provide access to computing power for startups, universities, and others excluded by tech giants like Amazon, Google, Anthropic, and OpenAI. Investors include Andreessen Horowitz and Y Combinator, with partners such as Periodic Labs and ElevenLabs joining the effort.

May 123 minNeura News
Industry

OpenAI Shareholders Question Altman's IPO Leadership

Some OpenAI shareholders doubt CEO Sam Altman's ability to guide the company through its planned IPO at a valuation of about $850 billion, reports the Wall Street Journal. Concerns center on his private investments in startups like Helion and Stoke Space, alongside cutbacks in projects such as the Sora video app and ChatGPT's adult mode. Bret Taylor, ex-Salesforce co-CEO, emerges as a possible successor despite his public support for Altman.

Apr 173 minNeura News