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UAE-Affiliated Company Buying Nearly $500M in Anthropic Shares
ATIC Third International Investment Company, a firm linked to Mubadala, the Abu Dhabi sovereign investment firm, will purchase close to $500 million of FTX’s shares in the San Francisco-based AI research company Anthropic, according to Bloomberg. The buy is reportedly part of FTX’s $884-million sale of shares in Anthropic to over 20 buyers. Anthropic is the maker of Claude foundation models and the AI chatbot Claude.
UXL Pushing Open-Source Software for AI Chips
The Unified Acceleration Foundation (UXL) is working on the development of open-source software that’s compatible with AI chips by various manufacturers — a mission that could cut into NVIDIA’s dominance in the AI chip market, according to Bloomberg. UXL’s members include Google, Intel, Qualcomm, Samsung and VMware. UXL was formed last fall, and it is hosted by the Linux Foundation's Joint Development Foundation.
US House Considers Bill Requiring AI Labels
A bill was introduced in the U.S. House of Representatives that would require AI-generated online images, video and audio to be labeled as AI content, according to the Associated Press. The bill would reportedly require AI companies to use digital watermarks or metadata to identify content created with AI. The bill is partly an attempt to prevent deepfakes.
SAG-AFTRA Members Approve AI Protections in TV Animation
Members of SAG-AFTRA ratified the 2023 Television Animation Agreement and the 2023 Basic Cable Animation Agreement with the Alliance of Motion Picture and Television Producers. The contracts provide “strong protections” around the use of AI, including defining a voice actor as a human.
UN Approves AI Resolution
The United Nations General Assembly approved a resolution on AI, which is designed to support global efforts for AI to be “safe, secure and trustworthy” and benefit all nations, according to the Associated Press. The resolution was sponsored by the U.S. and supported by all 193 U.N. member nations. It reportedly aims to ensure developing countries possess the “technology and capabilities to take advantage of AI’s benefits.”
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OpenAI Pitching Sora to Hollywood
San Francisco-based OpenAI is setting up meetings with Hollywood film studios and directors to sell them on Sora, its text-to-video generator, according to Bloomberg. The meetings are reportedly intended to help establish OpenAI partnerships and Sora integration in the film industry.
Stability AI CEO Resigns
Emad Mostaque stepped down as CEO of London-based Stability AI as well as his role on the board to “pursue decentralized AI,” according to the company. The board appointed COO Shan Shan Wong and CTO Christian Laforte as interim co-CEOs. Stability AI, the maker of the image generator Stable Diffusion and several AI models, is conducting a search for a permanent CEO to “lead the company into its next phase of growth.”
MITRE Opens AI Assurance and Discovery Lab
MITRE, an R&D nonprofit focused on public sector IT, opened the MITRE AI Assurance and Discovery Lab to mitigate critical risks in AI-enabled systems that need to operate in “high-stakes environments.” MITRE believes that decision makers need the confidence that AI systems will operate with “acceptable levels of risk before adopting them.”
FundGuard Closes $100M Round
FundGuard, an investment accounting platform with AI, closed its $100-million Series C financing round. FundGuard, founded in 2018, will use the funds for product innovation and customer onboarding. The platform supports multiple asset classes and is designed to streamline operations and workflows for investment accounting. The company names Citi as a strategic partner.
Eliyan Raises $60M
Santa Clara, California-based Eliyan, a chiplet interconnect company, closed its $60-million Series B financing round. The round included participation from existing investor Intel Capital. Eliyan, founded in 2021, is working on solutions that support multi-die AI chip architectures as well as increase AI chip memory.
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Foundational Nets $8M
Foundational, a data management company, secured $8 million in seed funding and released its platform. The round was led by Gradient, Google's AI-focused venture fund, and others. Foundational will use the funds to drive product development and market expansion. The company’s technology features AI-powered code analysis that’s designed to prevent data and privacy issues and accelerate development, including for AI products.
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