The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has recently signed an agreement with the AI company Ethovox to protect actors' rights in artificial intelligence voice models. The primary goal of this agreement is to establish a responsible framework for the use of AI in the entertainment industry, ensuring that actors' rights are upheld in the new technological era. Under this agreement, actors will receive upfront payments when recording their voices and will share in subsequent revenues. This means that actors will be compensated fairly when their voices are used in AI models.

Vienna-based AI governance and compliance solutions provider Daiki GmbH today announced the completion of a €1.5 million seed funding round. The funds will be used to support the company's expansion into the European market and product development, marking a significant step for Daiki in promoting the responsible deployment of AI by European enterprises. Daiki offers SaaS compliance solutions tailored to the EU AI Act and ISO standards, including ISO 13485 certification for medical device manufacturers. The product, developed by a multidisciplinary team of experts, includes integrated documentation and quality management.

Recently, the medical document automation startup Tennr Inc. announced the completion of a $37 million funding round, led by Lightspeed Ventures, with participation from a16z and Foundation Capital. This financing brings Tennr's total funds raised to over $61 million, following a recent $18 million Series A round completed just six months ago. Tennr primarily focuses on utilizing artificial intelligence for...

French AI startup Les Ministraux has launched two brand new lightweight models, Ministral3B and Ministral8B, specifically designed for edge devices, with parameters of 3 billion and 8 billion, respectively. Both models excelled in instruction-following benchmark tests, with Ministral3B surpassing Llama38B and Mistral7B, while Ministral8B outperformed both models in all aspects except for coding capabilities.

In the global wave of AI, India, a tech powerhouse, is experiencing significant market opportunities. According to a report jointly released by the IT industry association Nasscom and consulting firm BCG, the AI market in India is expected to reach $17 billion by 2027. Against this backdrop, the startup Neysa, led by seasoned tech entrepreneur Sharad Sanghi, emerged with the aim of capturing this growth opportunity by providing AI solutions to local and multinational companies. This Mumbai-based startup focuses on...

In the 2024 startup investment market, artificial intelligence (AI) companies continue to play a significant role. Despite some voices in the market suggesting a decline in enthusiasm for AI, data shows that investors remain confident in this field. In the third quarter of this year, AI companies raised a total of $18.9 billion, accounting for 28% of all venture capital. Among them, OpenAI completed a round of funding amounting to $6.6 billion on October 2, marking the largest single round of funding in history. Below is a report from foreign tech media Tec

Recently, new data released by payment technology company Stripe has garnered widespread attention, showing that artificial intelligence (AI) startups are exhibiting an extraordinary speed in revenue growth. Unlike traditional software companies, these AI firms can reach millions of dollars in sales within just a year, which has surprised many. Note: Image generated by AI, licensed by Midjourney. In previous tech startup waves, many startups took years to achieve significant profitability, but now...

Mukesh Bansal, founder and CEO of Myntra, India's largest fashion e-commerce site, has announced that his latest AI startup, Nurix AI, has successfully secured $27.5 million in seed and Series A funding. Product link: https://www.nurix.ai/ This round of funding was led by renowned venture capital firms General Catalyst and Accel.

Recently, AI startup Runway announced a collaboration with renowned film production company Lionsgate. This news has caused quite a stir in the film industry, as it marks the first agreement between a major film company and an AI video model provider. Runway is headquartered in New York City and has received support from companies like Google. Although Runway's technology has already been used by some filmmakers in Hollywood, such as in the Oscar-winning film 'Everything Everywhere All at Once',

Recently, AI startup 11x, which is dedicated to transforming the modern workforce, announced it has secured $24 million in financing, with the goal of changing how businesses operate through autonomous digital employees. CEO and founder Hassan Sukar stated, "We believe that within the next two years, digital employees will become an essential part of daily operations for businesses worldwide." Note: Image generated by AI, image licensed by service provider Midjourney. This funding will primarily be used to accelerate product development and expand the team.

Recently, the French startup Poolside has garnered significant attention. The company focuses on developing artificial intelligence technology aimed at assisting in software development. Despite the fact that their initial product has not yet been released, they are already discussing a new round of funding, with a valuation expected to reach 3 billion USD. Image source note: image generated by AI, image authorized by service provider Midjourney. According to informed sources, Poolside plans to raise nearly 500 million USD, with existing investor Bain Capital Ventures.

InsurStaq.ai, a startup focused on developing generative AI applications for the insurance industry, was founded by Mayan Kansal in 2022. The company successfully launched a large language model designed specifically for the insurance industry, InsurGPT, and received investment from Faad Network. However, after a year of operation, Mayan announced that he had to shut down the company. InsurStaq.ai excelled in the insurance sector, achieving enterprise-level compliance.

Mayfield Fund has announced the launch of the AI Garage project, providing up to $100 million in support for AI partner startups, aimed at helping early-stage entrepreneurs turn their ideas into fundable companies. This program is distinct from other accelerators, recruiting a maximum of five entrepreneurs every six months and offering guidance and support within the company's office. Participants can receive funding ranging from $1 million to $5 million after their business plans are formulated. AI partners are defined as digital companions capable of collaborating with humans to enhance work efficiency across various industries, including product and engineering.

SparkLabs, a well-known venture capital firm, has announced the closure of its $500 million AIM AI Fund, aimed at supporting global AI startups. This fund will be used for its own AIM-X accelerator project in Saudi Arabia as well as other AI projects worldwide. This initiative reflects the significant trend in the AI sector, particularly the rise of generative AI, which has attracted numerous startups and investors. SparkLabs' accelerator program aims to drive the development of AI technology in Saudi Arabia over the next five years while also reflecting the number of global AI startups.

SparkLabs has announced the completion of a $50 million new fund, the 'AIM AI Fund', aimed at supporting global AI startups and the AIM-X accelerator project in Saudi Arabia. The fund will invest in 50 to 70 AI companies, with approximately 35% allocated to accelerator participants and 65% for Series A and B projects. This new fund reflects the investment boom in the AI sector, particularly against the backdrop of the rise of generative AI, with emerging markets like Saudi Arabia showing potential. Through this fund, SparkLabs aims to invest globally.

SparkLabs has announced the launch of the $50 million AIM AI Fund, aimed at investing in global AI startups. The fund will primarily support AI projects within the AIM-X accelerator in Saudi Arabia, while also focusing on other global AI ventures. Amid rising investment enthusiasm in AI, the fund plans to allocate 10%-20% of its investments to projects in Saudi Arabia or the Middle East, with the remainder targeting top AI startups worldwide. Spa....

AI startup Magic has completed a $320 million funding round, with participation from Eric Schmidt, Alphabet's CapitalG, and investors like Atlassian, bringing the total funding close to $500 million. Magic focuses on AI model development aimed at generating code and automating software development tasks, featuring an exceptionally long context window of up to 100 million tokens, surpassing current commercial models. Magic plans to collaborate with Google Cloud to build two supercomputers to enhance