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Nick Frosst, co-founder of Cohere, believes that people need to have a more realistic understanding of AI’s capabilities and limitations.

AI companies are rapidly attracting investor funds and achieving high valuations early in their development, leading many to label the AI industry as a bubble. Nick Frosst, co-founder of Cohere, which develops custom AI models for enterprise clients, recently shared on TechCrunch’s Found podcast that he doesn’t believe the AI industry is in a bubble. […]

Nick Frosst, co-founder of Cohere, believes that people need to have a more realistic understanding of AI’s capabilities and limitations. Read More »

Rabbit’s r1 refines chats and timers, but its app-using ‘action model’ is still MIA

Rabbit’s r1, the AI assistant gadget that has seen its initial excitement wane since its CES debut, has some updates to announce — though they might not be enough to sway its critics just yet. The new “beta rabbit” mode enhances the device’s conversational AI capabilities, especially for handling more complex or multi-step instructions. It

Rabbit’s r1 refines chats and timers, but its app-using ‘action model’ is still MIA Read More »

OpenAI tempers expectations with less bombastic, GPT-5-less DevDay this fall

Last year, OpenAI hosted a high-profile event in San Francisco, unveiling several new products and tools, including the ill-fated GPT Store. This year, however, OpenAI is taking a different approach. On Monday, the company announced that its DevDay conference will shift from a major event to a series of on-the-road developer engagement sessions. OpenAI also

OpenAI tempers expectations with less bombastic, GPT-5-less DevDay this fall Read More »

OpenAI co-founder Schulman leaves for Anthropic, Brockman takes extended leave

John Schulman, a co-founder of OpenAI, has departed the company to join the rival AI startup Anthropic. Additionally, OpenAI’s president and co-founder, Greg Brockman, is taking an extended leave until the end of the year to “relax and recharge” after nine years with the company, as confirmed by OpenAI. Peter Deng, who joined OpenAI last

OpenAI co-founder Schulman leaves for Anthropic, Brockman takes extended leave Read More »

OpenAI endorses Senate bills that could shape America’s AI policy

Numerous AI-related bills are currently being discussed in Congress, and OpenAI is actively supporting some of them. On Tuesday, OpenAI endorsed three Senate bills that could influence the federal government’s approach to artificial intelligence. One of these bills, the Future of AI Innovation Act, aims to officially establish the United States AI Safety Institute as

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Sybill raises $11M for its AI assistant that helps salespeople reduce administrative burden

Sybill, a startup focused on creating an AI assistant for sales representatives, announced on Wednesday that it has secured $11 million in a Series A funding round led by Greycroft. The market for AI sales assistants is becoming increasingly competitive as companies utilize generative AI and large language models to help salespeople automate tasks such

Sybill raises $11M for its AI assistant that helps salespeople reduce administrative burden Read More »

New U.S. Commerce Department report endorses ‘open’ AI models

On Monday, the U.S. Commerce Department released a report endorsing “open-weight” generative AI models like Meta’s Llama 3.1, while also recommending that the government develop new capabilities to monitor these models for potential risks. The report, authored by the National Telecommunications and Information Administration (NTIA), highlights that open-weight models expand generative AI’s accessibility to small

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Perplexity details plan to share ad revenue with outlets cited by its AI chatbot

Perplexity AI is set to start sharing ad revenue with news publishers when its chatbot uses their content to answer user queries. This initiative aims to address criticisms of plagiarism and unethical web scraping. Dmitry Shevelenko, Perplexity’s head of business, mentioned to TechCrunch that the company had been considering this program since January, even before

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