Seattle’s Avante raises $10M in a round led by ex-Olive AI and Amperity execs.
Avante, a new startup based in Seattle, has successfully raised $10 million in seed funding, led by Fuse Venture Partners. This ambitious company aims to enhance the lives of millions. Its executive chairman is...
Apple Unveils Cutting-Edge AI Models Surpassing Mistral and Hugging Face
In a significant move, Apple has unveiled a new family of open-source AI models, named DCLM, on Hugging Face. This release includes two primary models: one with 7 billion parameters and another with 1.4...
Nebius Rises from Yandex’s Ashes to Become Europe’s Leading AI Compute Contender
When is a startup not a startup? When it’s a public company with 1,300 employees and $2.5 billion in capital. This is the reality for Nebius, a new AI infrastructure business emerging from the...
Lhoopa raises $80M to spur more affordable housing in the Philippines
A lack of affordable housing is a growing problem worldwide, even in emerging markets with significant demand. Traditional developers and real estate companies often focus on luxury houses, avoiding the immense operating expenses associated...
Presti Enhances Furniture Industry Product Photography with Generative AI
If you’ve ever bought a sofa on an online store, you might have noticed the beautiful homes featured in the background of product images. These photoshoots, showcasing furniture in styled settings, are not only...
Quantum Rise Secures $15M Seed Funding for AI-Powered ‘Consulting 2.0’ Venture
Quantum Rise, a Chicago-based startup specializing in AI-driven automation, has announced the successful closing of a $15 million seed round from Erie Street Growth Partners. The startup’s innovative approach is drawing comparisons to industry...
Microsoft Unveils ‘MInference’ Demo, Disrupting AI Processing Norms
Microsoft has unveiled an interactive demonstration of its new MInference technology on the AI platform Hugging Face, showcasing a potential breakthrough in processing speed for large language models. The demo, powered by Gradio, allows...
YC alum Fluently secures $2M seed round for its AI-powered English coach
In a world flooded with resources for learning English as a second language (ESL), there exists a gap for near-native speakers who seek to refine their fluency further. Addressing this gap is what inspired...
Amazon recruits founders from AI startup Adept
Adept, a startup known for developing AI-powered agents designed to perform various software-based tasks, has announced a significant shift in its business strategy. The company has agreed to license its cutting-edge technology to Amazon,...
Zepto Secures $665 Million in Funding, Valued at $3.6 Billion
Mumbai-based startup Zepto has secured $665 million in a new funding round, catapulting its valuation from $1.4 billion to $3.6 billion within a year. This significant financial boost underscores Zepto's strategic efforts to dominate...
OpenAI Enhances Retrieval Capabilities with Acquisition of Rockset
In a strategic move to bolster its technology stack, OpenAI has announced the acquisition of Rockset, a prominent provider of real-time analytics databases known for enhancing intelligent enterprise applications. This acquisition underscores OpenAI's commitment...
