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The European Union has initiated a consultation process regarding regulations for general purpose AI model (GPAI) providers under its AI Act. This framework aims to regulate AI applications based on risk assessment, targeting companies like Anthropic, Google, Microsoft, and OpenAI. The goal is to establish a Code of Practice that guides developers in meeting legal […]

Ashish Nagar, an engineer, was part of Amazon’s Alexa conversational AI team when he recognized AI’s potential to significantly enhance productivity in contact centers. “Frontline workers, such as customer service representatives, constitute the largest human capital globally,” Nagar told TechCrunch. “My idea was to use ambient computing — AI that listens in the background and

Meta has unveiled its largest open-source AI model to date, Llama 3.1 405B, which boasts 405 billion parameters. These parameters are indicative of the model’s problem-solving capabilities, with a higher number generally leading to better performance. Although Llama 3.1 405B isn’t the largest open-source model ever, it is the most substantial one released in recent

While some people experience AI fatigue, venture investors remain enthusiastic about the category. In the first half of 2024, global investments in AI startups exceeded $35.5 billion, according to recent data from Crunchbase. Among the six venture rounds that raised over $1 billion during this period, five were secured by AI companies. Additionally, numerous other

Generative AI is poised to revolutionize businesses by automating tasks previously performed by humans. This transformation can enhance efficiency, reduce costs, and create new growth opportunities. However, companies seek tangible evidence of AI’s impact on business performance and revenue. While vendor promises alone aren’t sufficient, directly correlating AI adoption (such as with Microsoft Copilot) to

When you’ve purchased a sofa online, have you ever considered the backgrounds in the product photos? Furniture brands typically invest heavily in photo shoots when launching new collections. However, this process is both cumbersome and expensive, especially since moving furniture around isn’t straightforward. To address this challenge, a French startup named Presti, established in November

DreamFlare AI, co-founded by former Google employee Josh Liss and documentary filmmaker Rob Bralver, has emerged from stealth mode. The startup aims to assist content creators in making and monetizing short-form AI-generated content. Unlike creating its own AI technology, DreamFlare acts as a studio where creators collaborate with professional storytellers, utilizing third-party AI tools like

Amidst Humane’s challenges in the emerging field of AI hardware, two key employees have departed to establish their own startup. This narrative echoes Humane’s own beginnings, as founders Bethany Bongiorno and Imran Chaudhri previously left long-standing roles at Apple to launch their own venture. Former Humane Strategic Partnerships Lead, Brooke Hartley Moy, and Head of

French startup Dust has secured $16 million in a Series A funding round led by Sequoia Capital. Dust enables companies to create custom AI assistants that employees can use to enhance their efficiency. What sets Dust apart from other companies working on enterprise AI assistants is its unique approach. Unlike consumer-facing tools like ChatGPT, Dust

AI “agents” are generative AI models capable of performing tasks autonomously, such as copying information from an email and pasting it into a spreadsheet. While they are often praised as productivity enhancers, their tendency to make mistakes suggests this acclaim might be premature. Nevertheless, some founders, analysts, and investors believe that agents represent the next