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News Picsart Collaborates with Getty Images to Launch Custom AI Model
Picsart, the innovative photo-editing startup supported by SoftBank, has announced an exciting new partnership with Getty Images to create a custom AI model. This groundbreaking collaboration aims to enhance AI-generated imagery for Picsart’s 150 million users, primarily creators, marketers, and small businesses. Enhancing Creative Tools with AI The custom AI model, to be developed from […]
News Tesla Shareholders Sue Elon Musk Over Competing AI Company xAI
Lawsuit Filed Against Elon Musk and Tesla Board Tesla shareholders are suing CEO Elon Musk and members of the company’s board over Musk’s decision to launch xAI, an artificial intelligence company. The shareholders claim Musk diverted talent and resources from Tesla to the new venture, violating his fiduciary duties. The lawsuit was filed by the […]
News Spotify Unveils In-House Creative Agency and AI Voiceover Ads
Spotify, the music streaming giant, announced on Thursday its latest venture into the advertising space with the introduction of its first in-house creative agency, Creative Lab. This strategic move aims to assist brands in crafting bespoke marketing campaigns tailored to Spotify’s vast audience of 615 million listeners. Additionally, Spotify is set to begin testing generative […]
News Former NSA Head Joins OpenAI Board and Safety Committee
In a strategic move to bolster its security and governance framework, OpenAI has appointed retired General Paul Nakasone, former head of the National Security Agency (NSA), to its board of directors. The announcement, made on Thursday afternoon, also revealed that Nakasone will be a key member of OpenAI’s “security and safety” subcommittee. A Strategic Appointment […]
News Aepnus: Pioneering a Circular Economy for Battery Manufacturing Materials
Startup Aepnus Targets Wastewater Recycling in Battery Production As the world races to establish battery production facilities, environmental concerns are increasingly coming to the fore. Earlier this year, BASF faced delays opening a battery materials plant in Finland due to inadequate wastewater management plans, highlighting the pressing need for sustainable solutions. Enter Aepnus, a startup […]
News Court Halts Byju’s Second Rights Issue as $200M Fundraise Falters
In a significant blow to Byju’s, India’s National Company Law Tribunal (NCLT) has halted the edtech giant’s efforts to proceed with its second rights issue. The court’s intervention follows allegations of oppression and mismanagement by shareholders, adding another chapter to the troubled company’s ongoing saga. The Halted Fundraise Byju’s, once the world’s most valuable edtech […]
News Unigrid’s Innovative Approach to Cost-Effective and Safe Battery Technology
Unigrid, a cutting-edge startup, is on a mission to revolutionize the battery industry by making batteries cheaper and safer using sodium-ion technology. The company, led by co-founder and CEO Darren Tan, aims to provide a viable alternative to the prevalent lithium-ion batteries that dominate the market. The promise of sodium-ion batteries lies in their potential […]
News Amazon Commits $230 Million to Generative AI Startups
Amazon has announced a significant investment of up to $230 million aimed at supporting startups developing generative AI-powered applications. This funding initiative seeks to position Amazon Web Services (AWS) as the premier cloud infrastructure choice for startups in the rapidly evolving field of generative AI. Major Investment in Generative AI The bulk of Amazon’s investment, […]
News GPTZero’s Meteoric Rise and $10M Series A: A Blueprint for AI Detection Startups
Young Founders with Big Ambitions GPTZero, the AI detection startup co-founded by Edward Tian and Alex Cui, has made headlines by securing a $10 million Series A funding round. Tian, 24, and Cui, 26, launched the company in January 2023 after a wildly successful initial web app release in December 2022. Within a year and […]
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