AI Brief

Today's AI news 👇 🔹 US data center power consumption may triple by 2028 due to AI 🔹 Ecomtent secures $1.4M for AI-powered content generation 🔹 GAIB AI raises $5M to enhance AI in finance 🔹 India to establish AI and data labs in tier 2 and 3 cities 🔹 Brazil Senate forms commission for AI regulation framework 🔹 MUFG predicts AI data centers will drive renewable energy growth 🔹 Alphawave Semi launches 64 Gbps UCIe die-to-die IP subsystem 🔹 Gaxos.ai raises $5M in direct offering 🔹 Yotta seeks $500M for AI and data center expansion 🔹 French CSPLA report highlights AI regulation challenges 🔹 LightOn and Answer.AI release ModernBERT model 🔹 AEF launches $150M fund for global AI startup scaling 🔹 NTT plans $250M data center investment in North Texas #ainews #ainewsletter #connectingthedotsinai #ai #artificialintelligence Read the full newsletter: https://lnkd.in/eFKmgiGh

LeMaterial is an open-source project launched by Entalpic and Hugging Face to streamline materials research. The initiative introduces a dataset called LeMat-Bulk, which consolidates data from key sources like Materials Project, Alexandria, and OQMD into a unified format with 6.7 million entries. LeMaterial is designed to be community-driven and encourages feedback and collaboration to enhance its offerings and applications. Read more: https://lnkd.in/eNkEEW_R #ai #artificialintelligence #aistartup

Kurrent (formerly Event Store) has announced $12 million in funding and the launch of Kurrent Enterprise Edition, rebranding from Event Store. The funding, led by Crane Venture Partners with Creandum, will help Kurrent advance its engineering and market efforts to meet demand. Krishna Visvanathan from Crane Venture Partners said Kurrent provides businesses with context-rich data events, filling a gap in the modern data stack. Kurrent expands traditional databases by adding context to data, offering new capabilities for data analytics, application development, and AI systems. Kirk Dunn, CEO of Kurrent, said their platform integrates real-time events with historical context, enhancing decision-making for businesses. Read more: https://lnkd.in/evPFYi_R #ai #artificialintelligence

Today's AI News 👇 🔹 Ex-Twitch CEO Emmett Shear launches Stem AI with a16z backing 🔹 Italy fines OpenAI €15M for privacy violations 🔹 OpenAI unveils o3 series approaching AGI 🔹 Justt raises $30M for global expansion and AI enhancement 🔹 Stripe CFO joins Vercel's board 🔹 FuriosaAI advances solutions with new chip and leadership 🔹 U.S. Treasury releases report on AI in financial services 🔹 Boon secures $20.5M for AI fleet management tools 🔹 Mindgard raises $8M to combat AI threats with DAST-AI 🔹 Instagram plans AI video editing tools with text prompts 🔹 Google unveils Gemini 2.0 reasoning AI model 🔹 General-Purpose AI Code of Practice draft updated 🔹 Micron reports record Q1 revenue fueled by AI demand 🔹 OpenAI prepares o3 update amid naming conflict 🔹 Backflip raises $30M for AI-powered 3D modeling 🔹 Hong Kong issues responsible AI policy for finance 🔹 Kurrent secures $12M and launches enterprise edition 🔹 Massachusetts launches AI hub for global innovation 🔹 Roadzen and Bosch partner for AI-enhanced road safety 🔹 Visa completes acquisition of AI firm Featurespace 🔹 AGM Group partners with Nowlit for AI computing in Canada 🔹 Biden administration approves AI data centers on federal land 🔹 Alberta plans $100B AI data centers despite emissions concerns 🔹 Entalpic and Hugging Face launch LeMaterial for open-source research 🔹 NVIDIA introduces Jetson Orin Nano developer kit for edge AI 🔹 House Budget Committee releases report on AI's economic impacts 🔹 Google proposes search engine changes amid antitrust ruling Read the full newsletter: https://lnkd.in/eMzKZKNm #ainews #ai #artificialintelligence #ainews #connectingthedotsinai

The Office of Massachusetts Governor Maura Healey has announced the launch of the Massachusetts AI Hub to make Massachusetts a global leader in AI innovation. The hub will be part of the Massachusetts Technology Collaborative and aims to support AI research, business growth, and workforce training. A partnership with the Massachusetts Green High Performance Computer Center will provide access to high-performance computing resources. The initiative is backed by the Mass Leads Act, which includes $100 million in funding for AI development. Supporters of the initiative include leaders from universities, industry, and government, who see it as a transformative opportunity for the state. Read more: https://lnkd.in/e2Af56jN #ai #artificialintelligence

Backflip, a startup focused on AI-powered 3D modeling, announced it secured $30 million in funding. NEA and Andreessen Horowitz led the funding round, with participation from notable angel investors like Microsoft's CTO Kevin Scott and Android founder Rich Miner. Founded in 2022 by David Benhaim and Gregory Mark, who previously launched Markforged, Backflip aims to streamline 3D model creation for engineers. Backflip's platform reportedly cuts down 3D model creation time from days to minutes, compatible with various 3D printing materials. Read more: https://lnkd.in/e2XJrFMW #ai #artificialintelligence

Google has released a new "reasoning" AI model called Gemini 2.0 Flash Thinking Experimental. The model is still experimental and is available on AI Studio, Google's AI prototyping platform. It’s designed for multimodal understanding and solving complex problems in areas like programming, math, and physics. Logan Kilpatrick from AI Studio mentioned that this is the first step in Google's reasoning journey. Jeff Dean from Google DeepMind said the model is trained to use thoughts to enhance reasoning. Read more: https://lnkd.in/dPFKurJf #ai #artificialintelligence

Mindgard, a British university spinoff, protects companies from AI threats. The company addresses the risks associated with AI, such as jailbreak and prompt injection, through a new approach called Dynamic Application Security Testing for AI (DAST-AI). Mindgard's technology is rooted in Professor Peter Garraghan's research in AI security, with ongoing ties to Lancaster University providing access to additional research and intellectual property. Mindgard raised $8 million in funding, led by Boston-based .406 Ventures, to expand its team, continue product development, and extend its reach into the U.S. market. Garraghan said that Mindgard aims to ensure people can trust and use AI safely and securely, contributing positively to the world. Read more: https://lnkd.in/gwaz58kC #ai #artificialintelligence

FuriosaAI ends 2024 on a high note with advancements in AI solutions and leadership expansion. The company has made significant progress with its second-generation chip, RNGD, which is designed for high-performance and energy-efficient inference with large language models like Llama 3.1. The new SDK release, v2024.3.0, will expand preloaded models and support tensor parallelism, which helps in processing multiple elements efficiently. Furiosa has also announced Alex Liu as the new Senior Vice President of Product and Business to lead global product management and strategies. Read more: https://lnkd.in/e9u5hiZ3 #ai #artificialintelligence

Boon raises $20.5 million to develop AI tools for fleet management. The funding aims to enhance logistics efficiency by integrating data from various applications. Deepti Yenireddy, Boon's founder, said their AI acts like an extra back-office employee. Marathon and Redpoint invested $15.5 million in Series A and an undisclosed $5 million seed. Boon's team includes former employees from major tech companies, and they are hiring more. The company has secured customers representing 35,000 drivers and 10,000 vehicles. Read more: https://lnkd.in/et6A-unM #ai #artificialintelligence