Lightspeed raises record $9B in fresh capital
Lightspeed raises record $9B in fresh capital Read More »
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OpenAI-backed biotech firm Chai Discovery raises $130M Series B at $1.3B valuation
**Chai Discovery Secures $130M Series B, Valued at $1.3B** San Francisco-based Chai Discovery, a biotech firm with notable backing from OpenAI, has successfully closed a $130 million Series B funding round, pushing its valuation to an impressive $1.3 billion. The significant capital injection is set to accelerate Chai Discovery’s mission to leverage AI in drug
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Everbloom built an AI to turn chicken feathers into cashmere
**From Feathers to Fashion: Everbloom’s AI Revolutionizes Textiles** In a groundbreaking move for sustainable fashion, Everbloom has unveiled an AI-powered technology capable of transforming an unlikely raw material – chicken feathers – into luxurious cashmere-like fibers. This innovative process addresses two pressing global challenges: the immense waste generated by the poultry industry and the environmental
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Adobe Firefly now supports prompt-based video editing, adds more third-party models
**Adobe Firefly Expands Capabilities with Prompt-Based Video Editing and Broader Model Support** Adobe Firefly, the company’s generative AI platform, is significantly enhancing its offerings with the introduction of prompt-based video editing. This new feature empowers users to manipulate video content using simple text commands, streamlining traditionally complex editing tasks and opening new creative avenues for
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Databricks raises $4B at $134B valuation as its AI business heats up
Databricks has secured a substantial $4 billion in funding, elevating its valuation to an impressive $134 billion. This latest capital infusion underscores the company’s accelerating momentum, particularly as its artificial intelligence business experiences significant growth and adoption. The investment reflects strong market confidence in Databricks’ Lakehouse Platform and its pivotal role in the expanding AI
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Google tests an email-based productivity assistant
**Google Tests AI Email Productivity Assistant** Google is reportedly piloting a new email-based productivity assistant designed to help users better manage their overloaded inboxes. This innovative tool aims to leverage artificial intelligence to streamline communications, offering features such as intelligent summarization of lengthy email threads, prioritization of critical messages, and proactive suggestions for replies or
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