Chinese AI video generation startup Aishi Technology recently announced the completion of its Series A2 to A4 financing, raising nearly 300 million yuan. Previously, the Series A2 financing was funded by Ant Group, while the recent Series A3 and A4 rounds were co-invested by the Beijing Artificial Intelligence Industry Investment Fund, Guoke Investment, and Guangyuan Capital. This round of financing will primarily be used to enhance technological research and development capabilities, expand computing power resources, build a talent team, and accelerate product feature iteration and market coverage, thereby continuously promoting the widespread application of AI video generation technology.

Canadian AI hardware startup Tenstorrent has recently announced that it successfully completed a funding round of nearly $700 million. This funding round totaled $693 million, bringing Tenstorrent's valuation to over $2.6 billion. The round was led by Samsung Securities and AFW Partners, with other investors including Hyundai Motor and Jeff Bezos's investment company Bezos Expeditions. Image source note: The image is AI-generated, licensed from Midjourney.

Video editing platform InVideo recently launched a significant upgrade version 3.0, introducing AI-based text-to-video generation capabilities. Users can create real-life footage, animated, or anime-style video content simply by entering text prompts, with customizable adjustments for different platforms such as YouTube, Instagram Reels, and LinkedIn. Although this new feature relies on third-party AI models, users can dynamically modify the video in real-time by adding text prompts.

American semiconductor company AMD has recently announced a global workforce reduction of about 4%, with the number of layoffs expected to be under 1,000. This move comes as AMD continues to surpass Intel in the x86 processor market but faces fierce competition from industry giant Nvidia in its transition from graphics processing units (GPU) to artificial intelligence (AI) accelerators. An AMD spokesperson stated, 'To align our resources with our biggest growth opportunities, we are taking some targeted steps.'

According to reports, Microsoft will spend nearly $10 billion renting servers from AI startup CoreWeave between 2023 and 2030. This amount accounts for more than half of the total $17 billion contract signed between CoreWeave and its customers. Neither CoreWeave nor Microsoft responded immediately to requests for comment. Previously, it was reported that CoreWeave is preparing for an initial public offering (IPO) in 2025. The company recently secured a $650 million credit line from several investment banks.

Is AI actually starting to ‘get smarter’?! The latest research from MIT indicates that the internal structure of large language models (LLMs) astonishingly resembles that of the human brain! This study utilized sparse autoencoder techniques to conduct an in-depth analysis of the activation space of LLMs, revealing three hierarchical structural features that are truly remarkable: first, at the microscopic level, researchers discovered the existence of structures akin to ‘crystals’. The surfaces of these ‘crystals’ are composed of parallelograms or trapezoids, similar to familiar lexical analogies such as ‘man:’

Google is expanding the 'Help me write' feature to the web version of Gmail, allowing users to craft or refine emails using Gemini AI. Similar to the mobile version, users will see prompts to use this feature when opening a blank draft in Gmail. However, it is important to note that the 'Help me write' feature is not available to everyone; it is only accessible to subscribers of Google One AI Premium or those with Gemini W.

Recently, a research team from Princeton University released an intriguing report indicating that as of August 2024, approximately 4.36% of new articles on Wikipedia contain significant AI-generated content. This study was conducted by scholars Creston Brooks, Samuel Eggert, and Denis Peskoff, who used tools named GPTZero and Binoculars to detect this AI-generated content.

In the wave of integration between mining and technology, KoBold Metals, a startup, has recently attracted significant attention within the industry. The company successfully raised $491 million, aiming to complete a total financing round of $527 million. This funding will greatly enhance the development of their giant high-grade copper mine discovered in Zambia, while also accelerating the progress of the company's other exploration projects. Image source note: Image generated by AI, image licensed from service provider Midjourney as per KoBold Meta.

According to a latest report published by Bain & Company, the Artificial Intelligence (AI) market is experiencing explosive growth, with the market size expected to approach $1 trillion by 2027. This growth is mainly driven by increasing investments in AI technology and ongoing advancements in the technology. The report indicates that from 2022 to 2027, the compound annual growth rate (CAGR) for the AI market will be approximately 31%. Image source note: Image generated by AI, image licensed through Midjourney. So, what is driving this wave of growth?

Alexis Conneau, former chief researcher at OpenAI and head of the GPT-4o project, announced his departure to start a new company, sparking discussions in the AI community. Conneau revealed on social media that after the conclusion of his '#Her project' at OpenAI, he decided to launch a new venture. He humorously responded to inquiries about the timeline for Artificial General Intelligence (AGI), suggesting that the new company could bring about 'AGEI'. Conneau has made significant contributions to the field of AI, particularly in natural language processing (NLP) and machine learning.

The launch of Civitai Green marks the platform's transformation into a clean, professional AI art creation environment, completely eliminating adult content to provide creators with safe and appropriate image and model resources, enhancing the user experience in the workplace. Through Civitai Green, the platform not only ensures the high quality and diversity of resources but also introduces a more efficient payment processor, Paddle, optimizing the user payment experience. This transformation benefits the platform's commercial development and strengthens the community ecosystem by sharing works.

AI infrastructure startup 'Wu Wen Xin Qiong' announced the completion of nearly 500 million Yuan in Series A financing, setting the record for the largest single financing amount for domestic AI Infra startups. This round was co-led by the Social Security Fund Zhongguancun Independent Innovation Fund, Qiming Venture Partners, and Hongtai Fund, with participation from strategic investors including Lenovo Capital, Xiaomi, and Softcom. The funds will primarily be used to enhance talent acquisition, deepen technology research and development, drive product commercialization, and strengthen ecosystem collaboration. 'Wu Wen Xin Qiong' was established just 16 months ago.