Amazon has unveiled its latest AI innovation for its virtual assistant Alexa, which promises to make it more conversational and human-like. The new feature, called “let’s chat”, will use a Large Language Model (LLM) that can generate natural language responses and messages for users. The company announced the new feature at its HQ2 headquarters in…
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Despite the Fed’s pause on rate hikes, bitcoin loses its early week momentum
LONDON: Bitcoin (BTC-USD) failed to benefit from the Fed’s decision to halt its interest rate increases for now. The Fed announced on Wednesday that it would keep the federal funds rate unchanged at 5.25% to 5.50%, after raising it steadily since March 2022. This was the second time the Fed paused its tightening cycle, which…
OpenAI launches Dall-E 3, a text-to-image tool that can chat with users
OpenAI, a research company that aims to create artificial intelligence that can benefit humanity, has announced the launch of Dall-E 3, a text-to-image tool that can generate images from natural language prompts. The tool uses ChatGPT, OpenAI’s popular AI chatbot, to help users refine their requests through conversations. Dall-E 3 will be available to ChatGPT…
Navenio Raises $12.6M to Expand Its Indoor Location Technology in the US
Navenio, an Oxford-based software company that provides indoor location services for workforce efficiency, announced today that it has secured a $12.6 million investment. The round was led by Oxford Science Enterprises, a university-backed investment firm that focuses on early-stage companies in the life sciences and deep tech sectors. The round also saw the participation of…
Corti Secures $60M to Scale Its AI Co-Pilot for Healthcare and Public Safety
Corti, a Copenhagen-based startup that develops an AI co-pilot for healthcare interactions, announced today that it has raised $60 million in a Series B funding round. The round was co-led by Prosus Ventures and Atomico, two leading venture capital firms that invest in disruptive technology companies. Existing investors Eurazeo, EIFO, and Chr. Augustinus Fabrikker also…
Legit Security Raises $40M to Secure App Delivery from Code to Cloud
Legit Security, a Palo Alto-based cybersecurity startup, announced today that it has raised $40 million in a Series B funding round led by CRV. The round also saw participation from existing investors Cyberstarts, Bessemer Venture Partners, and TCV. Legit Security is the creator of a platform that helps organizations identify and fix app vulnerabilities from…
Vital Energy acquires Permian assets for $1.2 billion
Vital Energy Inc., a Permian-focused oil and gas company, announced on Wednesday that it has signed three deals to acquire nearly 53,000 net acres in the Midland and Delaware basins for about $1.2 billion. The deals will boost Vital’s production, reserves, and drilling inventory, and strengthen its free cash flow outlook. The sellers are affiliates…
Fernride raises $50 million to expand its autonomous freight trucks
Fernride, a German startup that develops self-driving trucks for logistics yards, announced on Wednesday that it has raised $50 million in a Series A funding round. The round was led by new investors Munich Re Ventures, Bayern Kapital and former Siemens executive Klaus Kleinfeld, who will join the board as chairman. Existing investors, including HHLA…
Spectarium secures $5.3 million seed funding for AI-powered action RPG Myths
Spectarium, a Finnish game developer, has raised $5.3 million (€5 million) in seed funding to create its first cross-platform action RPG, Myths. The game will use AI to personalize the dungeon-crawling gameplay and setting based on each player’s tastes and behavior. Myths will be set in a world inspired by ancient mythologies, but with dynamic…
Laser Digital launches their Bitcoin Adoption Fund
LONDON: Nomura’s digital assets subsidiary, Laser Digital, today announces the launch of their Bitcoin Adoption Fund. The fund, which provides a seamless way for institutional investors to access the digital asset class, will be the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market. The…
ZayZoon raises $34.5 million in Series B funding
ZayZoon, a Phoenix-based company that provides earned wage access (EWA) to small and mid-sized businesses (SMBs), has secured $34.5 million in debt and equity for its Series B financing. The round was led by Framework Venture Partners, a Toronto-based venture capital firm that invests in software, financial services, fintech, and artificial intelligence sectors. Export Development…
HiddenLayer secures $50 million Series A funding
HiddenLayer, an AI security company based in Austin, Texas, has raised $50 million in a Series A funding round led by M12, Microsoft’s Venture Fund, and Moore Strategic Ventures. The round also saw participation from Booz Allen Ventures, IBM Ventures, Capital One Ventures, and Ten Eleven Ventures. The company, which was founded in March of…