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Silicon Valley startups had their worst funding year since 2019 

In 2023, the US witnessed a decline in the value of venture capital deals, reaching levels reminiscent of 2019, revealing a tumultuous year for...

Meta, IBM launch industrywide AI Alliance to share technology

Meta Platforms Inc. and International Business Machines Corp. are teaming up with over 40 companies and organizations to establish an industry group committed to...

AI value to be unlocked with cloud adoption at scale: Report

A recent report by Capgemini reveals that nearly 66% of financial services firms have used artificial intelligence (AI), planning to expand its use across...

ChatGPT powers Snap’s Lens Studio 5.0 Beta for new Augmented Reality experiences

Snap, the parent company of Snapchat, has joined forces with OpenAI to usher in a new era of augmented reality (AR) experiences. This collaboration,...

Conversational support platform ClearFeed secures $2.7mn in funding 

ClearFeed, an enterprise conversational support platform, announced it secured $2.7 million in seed funding. Peak XV Partners' (formerly Sequoia Capital India & SEA) accelerator...

Meta gears up to launch dozens of AI chatbots for younger users

This week, Meta is reportedly planning to launch "Gen AI Personas," a generative AI chatbot designed for younger users. The social networking company is prepared...

AI startup AI21 Labs valued at $1.4 billion after latest fund raise

AI21 Labs, an Israeli AI startup, announced on Tuesday that it had raised $155 million in a Series C funding round, in which Nvidia...

Fireflies.ai launches private storage for enterprises

Fireflies.ai, a leading generative AI startup known for its meeting assistant and AI notetaker, has launched Private Storage—a dedicated, isolated infrastructure for enterprises that...

Open-source AI model creator Nomic secures $17mn led by Coatue

AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters. The investment valued NewYork-based...

AI4Bharat researchers to raise $12mn funding from Peak XV, Lightspeed 

Researchers at AI4Bharat, a start-up backed by Microsoft, are raising $12 million from venture capital firms Peak XV and Lightspeed Venture, according to three...

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