LLMs

Visa to Invest $100 Million in Generative AI for Commerce and Payments
Visa to Invest $100 Million in Generative AI for Commerce and Payments
October 02, 2023  |  artificial intelligence

Visa has launched a new $100 million generative artificial intelligence (AI) ventures initiative, aiming to invest in companies focused on developing generative AI technologies and applications...

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Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
Sequoia Capital to Focus on AI Companies Utilizing Foundation Models
October 02, 2023  |  Investments

Venture capital firm Sequoia Capital is focusing its investment strategy toward artificial intelligence (AI) applications following the success of its investment in OpenAI.  Roelof Botha, partner...

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This Week in AI: Interactive Evolutions, Enterprise Wins, Biometric Payments
This Week in AI: Interactive Evolutions, Enterprise Wins, Biometric Payments
September 21, 2023  |  artificial intelligence

Generative artificial intelligence (AI) hasn’t even celebrated its first birthday yet.  But the innovative technology continues to be the gift that keeps on giving. Another...

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Foundational Models: Building Blocks for Generative AI Applications
Foundational Models: Building Blocks for Generative AI Applications
September 15, 2023  |  artificial intelligence

By Stefan Geirhofer and Scott McKinney Generative artificial intelligence (GenAI) refers to a category of machine learning models that, in response to a user’s input...

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UAE Launches Bilingual Gen AI Named Jais
UAE Launches Bilingual Gen AI Named Jais
August 31, 2023  |  artificial intelligence

Today’s large language models (LLMs) aren’t actually trained on that large a set of languages. For the most part, the vernacular vehicle underlying the generative...

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AI21 Labs Valued at $1.4 Billion After $155 Million Funding Round
AI21 Labs Valued at $1.4 Billion After $155 Million Funding Round
August 30, 2023  |  artificial intelligence

AI21 Labs has raised $155 million in Series C funding to further develop and provide generative artificial intelligence (AI) services to businesses. With this latest...

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Report: OpenAI Approaches $1 Billion in Yearly Revenue
Report: OpenAI Approaches $1 Billion in Yearly Revenue
August 30, 2023  |  artificial intelligence

OpenAI is reportedly on the road to reaching $1 billion in yearly revenue. The maker of the generative artificial intelligence (AI) bot ChatGPT is taking...

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Anthropic Gets $100 Million Investment from Korea’s SK Telecom
Anthropic Gets $100 Million Investment from Korea’s SK Telecom
August 14, 2023  |  artificial intelligence

Artificial intelligence (AI) firm Anthropic has teamed with Korea’s SK Telecom (SKT) to build a large language model for the telecom sector. The partnership, announced...

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The AI Challenges of Ethics, Privacy, Deepfakes and Bad Intentions Remain for LLMs
The AI Challenges of Ethics, Privacy, Deepfakes and Bad Intentions Remain for LLMs
August 07, 2023  |  Artificial Intelligence

Because both open- and closed-source large language models (LLM) can use proprietary data, both will face challenges. However, closed-source models will likely face heavier scrutiny...

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