Norwegian startup 1X Technologies recently announced significant advancements in developing AI-based world models for robots. Simply put, these models act as virtual testing grounds for robots, allowing them to test and improve in various scenarios without the need for real-world testing. 1X believes this is key to solving the 'robotics challenge' — how to reliably evaluate robots trained for multiple tasks in ever-changing environments.

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.

Title: Artificial Intelligence "Pioneer" Fei-Fei Li Founders World Labs, Raises $230 Million! Recently, Stanford University professor and "AI Pioneer" Fei-Fei Li's new startup World Labs successfully raised $230 million, with investors including renowned venture capital firms Andreessen Horowitz, NEA, and Radical Ventures. This funding values World Labs at over $1 billion.

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.

Datricks, a startup based in Tel Aviv, Israel, recently raised $15 million in a Series A funding round led by venture capital firm Team8, with participation from global enterprise software giant SAP and existing investors Jerusalem Venture Partners (JVP).

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.

Biotechnology company Chai Discovery has received nearly $30 million in investment from Thrive Capital and OpenAI within six months of its founding. The company focuses on the application of biotechnology in drug development, developing innovative technologies that can predict biochemical molecular structures and reprogram molecular interactions, aiming to transform biology into 'engineering.' Chai Discovery's goal is to accelerate and optimize the drug development process by enhancing drug molecule design through technologies such as artificial intelligence and machine learning.

A startup team from Mexico City, 'Somewhere Someone', successfully attracted collaboration from Adidas by designing a football team jersey using artificial intelligence, showcasing the integration of technological innovation and traditional craftsmanship. The team created innovative product concept images through AI image generation technology, particularly incorporating traditional Mexican embroidery elements into the design of the Adidas-styled national team jersey, capturing global attention. This design not only enhances the unique appeal of the product but also provides economic independence opportunities for over 3,000 artisans, potentially impacting 15,000 people. Adidas' involvement not only promotes...

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.

Salesforce has acquired the AI voice assistant startup Tenyx to enhance the interactivity of its customer service system and meet user needs through a natural and smooth conversational experience. Tenyx's technology has been applied in various fields such as e-commerce, healthcare, and hospitality, and will become an essential part of Salesforce's customer service system. The transaction is expected to be completed by October 31, 2024, with the Tenyx team joining Salesforce to continue product development. The acquisition aims to leverage AI fully.

Sports technology startup SportAI has completed a $1.8 million seed funding round aimed at leveraging artificial intelligence to enhance athlete performance. Its system focuses on coaching, commentary, and analysis of athletic techniques through machine learning, computer vision, and biometrics, primarily serving coaches, training facilities, media broadcasts, and sports brands. SportAI's cloud platform can analyze athletes' technical performance in real-time, providing personalized feedback to help improve levels in sports such as golf and tennis. By comparing with a vast amount of athlete data, the system achieves automation and data-driven insights.

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....

Amazon has announced the acquisition of a non-exclusive license from robotics startup Covariant and has absorbed approximately a quarter of its workforce, aiming to accelerate innovation in the automation field and enhance the safety and adaptability of robots. The founding team of Covariant will join Amazon's AI and robotics team, marking a further enhancement of Amazon's automation capabilities on top of the 750,000 robots already deployed in its logistics centers. Covariant will continue to support its existing customers and develop warehousing automation technology.

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

The AI startup Anthropic based in San Francisco has launched its new visualization feature 'Artifacts' for the large language model Claude, which is now available to all users. Users can open a new window next to the Claude chat interface to execute code snippets or complete programs generated by Claude, creating interactive visualizations, charts, or mini-games, significantly enhancing the ease of creation. This feature is available for Claude's free, professional, and team versions, and can even be used on mobile applications.

AGI startup Anuttacon has announced the addition of Tong Xin and Wang Yuyang, with Tong Xin taking on the role of Chief Researcher and Wang Yuyang serving as President of User Ecosystem. Both are top talents in the industry, with Tong Xin previously being a global research partner at Microsoft and Wang Yuyang formerly serving as Vice President at Bilibili. Anuttacon focuses on AI technology, developing virtual world experiences and AGI products. This move showcases the company's ambition in the AGI field and its strong demand for top AI talents.