Anthropic is expanding to Europe and raising more money | TechCrunch
Anthropic launches Claude AI assistant in Europe with multi-language support, expanding API and seeking additional funding amidst growing investor interest in generative AI. [ more ]
Peak XV takes startups on a Silicon Valley trip in AI push | TechCrunch
Venture capital firm Peak XV is taking its portfolio companies on an "immersion" trip to Silicon Valley to meet industry leaders and visit AI research centers.
The trip, called "Immersion Week," is part of Peak XV's efforts to broaden its offerings beyond just financial support. [ more ]
Voice AI startup ElevenLabs raised an $80 million Series B at a unicorn valuation, representing a 10x jump from its Series A valuation in June 2021.
Anthropic, an OpenAI rival, is reportedly in discussions to raise $750 million at a valuation of up to $18.4 billion, marking a 4.5x valuation jump in nine months. [ more ]
EU wants to upgrade its supercomputers to support generative AI startups | TechCrunch
EU lawmakers are presenting a package of support measures to boost homegrown AI startups and scale ups in the generative AI race.
The EU's compute infrastructure has not been optimized for training disruptive generative AI models, and this is seen as a missing component in the EU's AI strategy.
The AI innovation package aims to provide support in areas such as high-performance computing infrastructure and access to necessary skills and talent. [ more ]
Silicon Foundry focuses on marketing use cases for AI startups and helps connect corporations with innovative solutions without holding equity in startups. [ more ]
The Unsexy Future of Generative AI Is Enterprise Apps
Venture capital funding is increasingly focused on core AI technologies and specific vertical applications rather than general-purpose middleware. [ more ]
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection | TechCrunch
The U.K.'s Competition and Markets Authority is investigating close-knit tie-ups and hiring practices involving Microsoft, Amazon, and AI startups for potential impacts on competition. [ more ]
AI-powered startups in NYC raised significant funding in Series C rounds.
Various sectors such as marketing, investment accounting, substance abuse treatment, and AI voice platforms witnessed substantial investment growth. [ more ]
AI startups raised close to $50 billion in funding last year. Job-seekers in AI-related roles can earn significantly higher salaries.
Recruiters hiring for AI-focused roles look for a variety of positions including research scientists, engineers, product managers, and hardware engineers. [ more ]
Equity: Bret Taylor has a brand new AI startup | TechCrunch
Bret Taylor, former Facebook CTO, is building a new company called Sierra that uses closed and open-source AI models.
Sierra chains together AI models to avoid hallucinations and enable AI agents to execute tasks for customers. Chained LLMs could become a trend. [ more ]
Chinese AI startup 01.AI looks to raise $200 million -sources | SaltWire
AI startup 01.AI is raising up to $200 million in fresh capital after reaching a valuation of $1 billion last month.
01.AI is among several Chinese startups looking to gain users and catch up with market leader OpenAI by opening up their large language models to the public. [ more ]