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AI21 Labs Raises $155 Million at $1.4 Billion Valuation   AI21 Labs is a startup that is at the forefront of creating cutting-edge algorithms that excel in the field of generative AI. By training its algorithms on vast amounts of text data, AI21 Labs has developed models that can generate human-like stories, poetry, and even dialogue. These AI-generated pieces have garnered attention for their fluency and imagination, blurring the lines between human creativity and AI capabilities. AI21 Labs has raised $155 million in a Series C from investors Google and NVIDIA. The new round has brought the company’s valuation to $1.4 billion. Other investors include Walden Catalyst Ventures, Pitango, SCB10X, b2venture, Samsung Next, and Professor Amnon Shashua. AI21 Labs intends to use the fresh funding to grow its text-based generative AI services for enterprises. AI21 Labs, Tel Aviv, Israel, was founded in 2017 by Yoav Shoham, Ori Goshen, and Amnon Shashua. “AI21 Labs came out of stealth in October 2020 with our first launch of [AI writing tool] Wordtune,” said Yoav Shoham, one of AI21 Labs’ co-CEOs. “Since then, we’ve only managed to grow, more than doubling our workforce with plans to add even more employees.” 

Introduction Based in Silicon Valley, the artificial intelligence chip startup, d-Matrix Tech, is causing ripples in the AI technology sector. With recent backing amounting to 110 million dollars from behemoths like Microsoft, the company is gearing up to redefine AI inference. #AIChipMarket #AIInference #AITechnology #dMatrixTech #InMemoryTechnology #InvestmentNews #SemiconductorBusiness #SiliconValleyStartups

Exciting news in the #AI world! 🚀 Cohere, the Toronto-based generative AI startup, just secured a massive $500M funding round, skyrocketing its valuation to $5.5B. Three key takeaways from this TechCrunch article: - Cohere's enterprise-focused approach is paying off. By customizing AI models for companies like Oracle and Notion, they've grown from $13M to $35M in annualized revenue in just three months. - Major tech players are taking notice. Investors in this round include Cisco, AMD, Fujitsu, and even AI chip giant NVIDIA. - They're doubling down on growth. With plans to expand their 250-person team by 100% this year, Cohere is gearing up for something big. As someone watching the AI space closely, I'm intrigued by Cohere's strategy of tailoring models to specific business needs. It is setting them apart in a crowded field. What do you think about Cohere's approach? Do you see enterprise-focused AI as the next big wave in tech? Let's discuss it! #AI #TechInvestment #FutureOfBusiness

Really exciting to see Nvidia, considered the world-leading maker of AI chips, emerge as an investor and strategic partner in AI models developer Mistral. Florian Bressand, Mistral’s chief business officer told the FT that the move provides the startup with access to the chip company’s latest innovations. https://lnkd.in/eQwETXqZ (Nvidia could also reinvest in Cohere, the artificial intelligence startup founded by ex-Google scientists, the FT added in a separate article) Mistral, whose founders helped build Meta’s open-source LLAMA model, already has BNP Paribas and Salesforce, which are both also investors, among companies testing Mistral’s models, he added, and going up against the proprietary tech of Google and OpenAI, which has $13bn of backing by Microsoft. It also has state backing in BPIfrance and with the emergence of Aramco's extra $6bn of funding and developments of CVC am one state-owned enterprises in China this blending of state and corporate venture support to startups emerging from universities and companies will be important in this decade's scaling up of the venture ecosystem. Innovation is strategic and check out the analysis in www.GlobalVenturing.com H/T Maija

Scale AI, a leading player in the AI industry, has just raised a whopping $1 billion in a venture round led by Accel, with participation from major investors like Y Combinator, Founders Fund, Tiger Global Management, Cisco Investments, Amazon.com, Qualcomm, Intel, AMD, and Nvidia. This impressive fundraising elevates Scale AI's valuation to nearly $14 billion, setting high expectations for the company in the hypercompetitive AI race. Vijay Karunamurthy, Scale AI's Field CTO, recently shared insights at the Collision conference in Toronto. He highlighted the company's vision of becoming the "data foundry for AGI" (Artificial General Intelligence), enabling machines to learn and think like humans. This journey will see Scale AI working closely with leading AI research labs, including OpenAI and Anthropic, to build models that reason and answer questions as reliably as humans. The importance of data in advancing AI and AGI cannot be overstated. As AI models become more powerful, the need for diverse and sophisticated datasets increases exponentially. Scale AI is at the forefront of this transformation, providing critical data that powers advanced AI applications, from robotic interactions to enterprise solutions. The recent $1 billion fundraise is unique not only for its size but also for the strategic investors involved. Scale AI aims to leverage these partnerships to enhance their enterprise product offerings, focusing on security, trust, and access control over AI models. With fresh capital in hand, Scale AI is poised for significant growth. The company plans to expand its team by over 20% year-over-year and open its first international office in London. This expansion will tap into Europe's rich pool of AI talent, further solidifying Scale AI's position as a global leader in the AI space. #AI #Innovation #VentureCapital

April is for AI 💡 We're kicking off our AI series with Brandon Johnson, who is a Senior AI Solutions Architect at NVIDIA, a world leader in AI and accelerated computing technology, and a Black Angel Group member. We discuss the trends shaping the future of AI, the sectors poised for the biggest transformations, and the importance of ethical considerations. For businesses looking to integrate AI, Brandon shares the following tips: 1️⃣ Make sure there's a clear ROI on the project. Know what you're measuring. 2️⃣ Recognize if you need AI to accomplish whatever you're trying to do. You can use AI for many things, but do you always need to? 3️⃣ Does your company have the resources and talent to support the AI project? Oftentimes companies will experiment with something, and it won't make it into production. Only about 13% of AI models actually make it into production, which means many companies are experimenting, but not reaping the full benefits of AI…yet! 4️⃣ Build a strong data strategy. What data is sensitive? Do you even have enough data? Is it siloed across your business or is it unified so your team can turn the data into intelligence? What ethical practices are in place to ensure you don’t unintentionally harm a group of people? How do you accommodate for bias and unconscious bias in your data? 5️⃣ Others would be: how do you scale this project, beyond just starting the project? How does this project get rolled out? If you are going to be iterating on this and you have a ton of data, do you have a cloud provider that you're going to be partnering with or do you have the infrastructure locally to continue to train these models? Learn more about Brandon and his perspectives on #AI below: https://lnkd.in/e92XbJDu #VentureCapital #ArtificialIntelligence #Startup #Tech

Within the rapidly evolving realm of artificial intelligence, Brandon Johnson sheds light on emerging trends, sectors on the verge of breakthroughs, and the indispensable importance of ethical AI implementation. His expertise provides a critical foundation for companies seeking to successfully integrate AI into their strategies. Leveraging AI with Brandon's seasoned insights doesn't just offer enlightenment—it presents a comprehensive strategy for excelling in a technology-forward era. Read & follow (Black Angel Group & Brandon Johnson) for more - you'll thank me later 🥳

Join us for a private webinar with Jae Lee, Co-founder and CEO of Twelve Labs - the multimodal AI builder backed by NVIDIA, revolutionizing video search technology. RSVP 👉 https://bit.ly/3TrNKKQ [About Twelve Labs] * Ranked #1 in the video retrieval track from the 2021 ICCV VALUE Challenge hosted by Microsoft, outperforming the giants in cost as well as performance  * Backed by Nvidia, Intel, Samsung Next, and more [What Is It About?] 🔍 Building a foundational model as an early stage startup The challenges of building a foundational model as an early startup & the decision-making process behind building of each APIs Twelve Labs currently provides 📈 Twelve Labs’ future growth strategy Hear more about how Twelve Labs views the future of video market / AI industry evolving. What are the next steps in plan for the startup   💪 Navigating the AI Wave Submit questions for Jae in the comments below regarding the AI industry landscape - be prepared to ask your question in person, and dive into a real conversation with the speaker. [Who Should Join?] - AI Engineers💡 hoping to engage in highly technical conversation with one of the fastest-growing AI startups building multimodal foundation model.  - Entrepreneurs in the AI Industry🔍 in need of staying up-to-date with the most recent updates and industry trends in the area RSVP for Limited Promotion Spots : https://bit.ly/3TrNKKQ

The Good Brother Brandon Johnson interviewed on the future of AI usage and democracy, as well as, the demand for Black retail investors and the understanding of the VC asset class. Very detailed short, informative read.

𝐀𝐈𝟐𝟏 𝐋𝐚𝐛𝐬 𝐑𝐚𝐢𝐬𝐞𝐬 $𝟐𝟎𝟖𝐌, 𝐇𝐢𝐭𝐬 $𝟏.𝟒𝐁 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧: 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐀𝐈 𝐅𝐫𝐨𝐧𝐭𝐢𝐞𝐫 ▶ AI21 Labs, a company dedicated to developing cutting-edge AI technologies for solving intricate problems, has secured $208 million in its most recent funding round, elevating its valuation to an impressive $1.4 billion. The startup is renowned for creating Jurassic-2, a generative AI service with versatile applications, including virtual assistants, chatbots, text simplification, content moderation, and creative writing. The company asserts that its service is the "world's most advanced AI-text generator." ▶Prominent global entities such as eBay, monday.com, Carrefour, and Ubisoft have already embraced the transformative potential of generative AI. AI21 Labs has amassed a total capital of $336 million with this latest funding round. Noteworthy additions to the roster of investors in this round are Intel Capital and Comcast Ventures, representing the venture arms of their respective corporations. Established in 2017 by Amnon Shashua, the founder and CEO of Mobileye, AI21 Labs plans to harness the newly acquired funds to expedite the expansion of its AI services tailored for enterprises. ▶Expressing gratitude for the unwavering support from investors, Ori Goshen, CEO and co-founder of AI21 Labs, remarked, “We’re extremely grateful for the support of our investors who believe in our deep technology expertise." He emphasized the significance of profound comprehension of high-performance language models for the widespread deployment of AI. Goshen stated, “Mass deployment of AI requires a deep understanding of high-performance language models that can deliver better value and impact," adding, "Our approach is about designing AI with purpose, making it significantly more efficient than building from scratch, and much more cost-effective." #AIInnovation #TechFunding #AI21Labs #FutureTech #AIAdvancements #StartupSuccess #Stellarixresearch #Stellarixconsultancy #TechInvestment #DigitalInnovation