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Apple CEO Teases Generative AI Timing
Tim Cook, CEO of Cupertino, California-based Apple, said he thinks the company will “break new ground” on generative AI in 2024, according to 9to5Mac. Cook made the remarks at Apple’s annual shareholders meeting. His comments follow news that Apple is reportedly canceling its long-running electric car efforts and moving some of those teams to AI, according to Bloomberg. SambaNova Releases 1-Trillion Parameter Samba-1
Palo Alto, California-based SambaNova Systems, an enterprise generative AI platform, is introducing Samba-1, which the company says is a one-trillion parameter generative AI model. The model comprises over 50 open-source generative AI models. The company names Accenture and NetApp as users of the model. ServiceNow, Hugging Face and NVIDIA Share StarCoder2
The digital workflow company ServiceNow, the open-source AI platform Hugging Face and the AI chipmaker NVIDIA released StarCoder2, a family of open-access large language models to build apps. The models are designed for code generation and are trained on over 600 programming languages. They were created with Big Code, a community for LLMs.Adobe Previewing Project Music GenAI Control
The San Jose, California-based digital experience company Adobe is sharing its experimental Project Music GenAI Control, a tool for crafting and editing custom audio. The tool by Adobe Research is designed to help creators generate music from text prompts and give them “fine-grained” editing control. The project is being developed in collaboration with team members at the University of California, San Diego and Carnegie Mellon University.Lightricks Plans Release of LTX Studio
Lightricks, a maker of AI photo and video editing apps based in Jerusalem, is opening a waitlist for its LTX Studio, a generative AI editing platform for video production and filmmaking. The platform is designed to enable storytelling through images, videos, text and sound. Lightricks expects to launch the platform on March 27.
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Stability AI Partnering With Morph Studio
London-based Stability AI, an open-source generative AI company, is collaborating with Morph Studio. Morph is using Stability AI’s model for its AI video platform, which allows creators to use text, images and videos to make videos. There’s currently a waitlist for Morph’s platform.Samsung Rolling Out MicroSD Cards for On-Device AI
Samsung is introducing a pair of new memory products: a 256 GB SD Express microSD card, with sequential read speed of up to 800 MB/s, that it is sampling and expects to release this year; and a 1 TB UHS-1 microSD card that it expects to release in the third quarter of 2024. The microSD cards are designed to support on-device AI applications and mobile computing.Black Tech Nation Ventures Closes $50M Fund
The Pittsburgh-based venture capital firm Black Tech Nation Ventures closed its $50-million inaugural fund. The firm backs software startups led by founders from diverse backgrounds. It makes pre-seed and seed investments in companies in various sectors, including AI and machine learning. Black Tech Nation Ventures expects to invest in 20 to 30 companies through the fund, typically with $250,000 to $1 million. The firm is set up to “equip and train a new generation of more diverse entrepreneurs and investors," said David Motley, a general partner at Black Tech Nation Ventures.Slice Nets $7M
Slice, an AI equity assurance platform, raised $7 million in seed funding and emerged from its stealth phase. The platform is designed to provide compliance and protect against the risk of financial penalties due to equity regulations. Shawn Lampron, a partner at the law firm Fenwick & West, which is an investor, said that Slice can make global compensation less complex by “automating an ever-changing process where the stakes for making a mistake are high.”Lionize Secures $2M
New York-based Lionize, an AI influencer marketing platform, closed a funding round of up to $2 million. The platform is designed to help companies run influencer campaigns, particularly large communities of micro-influencers, including sourcing, recruitment, contracting, tracking, reporting and payment.
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