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News on Medial
Here comes the AI sponcon
The Verge
·
1m ago
Medial
TikTok is enhancing its AI ads platform, Symphony, enabling brands to create AI-generated influencer content that mimics human creators. Advertisers can generate videos with virtual avatars demonstrating products, like trying on clothes. This tool aims to automate processes and reduce costs, as AI avatars don't require contracts or specific rates. While there are concerns about AI replacing human influencers, TikTok assures that content will be labeled as AI-generated and undergo safety reviews.
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Melania Trump calls AI ‘the future of publishing.’
The Verge
·
2m ago
Medial
Melania Trump has announced that the audiobook version of her memoir is narrated using an AI clone of her voice created by ElevenLabs, highlighting AI's role in the future of publishing. There are already over 50,000 AI-narrated books on Audible, suggesting that this new era in publishing is here, though much of the content includes amusingly titled erotica. AI is transforming how content is created and consumed in the publishing industry.
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Billionaire Elon Musk confirms Xmail is coming soon; Here's what Google said
IndianStartupNews
·
1y ago
Medial
Elon Musk, CEO of X (formerly Twitter), has announced the upcoming launch of Xmail, a new email service that aims to challenge the dominance of Google's Gmail. The announcement comes at a time when rumors of Gmail's shutdown had caused speculation and unrest among users. While Google has reassured users that Gmail is here to stay, Musk's announcement has generated significant buzz and interest in an alternative email service. The post on X received over 200,000 views and sparked discussions about switching from Gmail to Xmail.
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Metaforms raises $9 Mn from Peak XV, Nexus and Together Fund
Entrackr
·
5d ago
Medial
Bengaluru-based AI startup Metaforms has raised $9 million in a Series A funding round led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund. The proceeds will be used to triple its engineering and AI research team in Bengaluru, expand into report generation and voice-based research, and integrate further with research tools like Decipher, SPSS, and Confirmit. Founded in 2022 by Akshat Tyagi and Arjun S, Metaforms builds AI agents that automate workflows for market research agencies, enabling them to scale operations and improve turnaround times. Its AI agents automate survey programming, data processing, and vendor coordination. "When research agencies grow, better business decisions get made," said Akshat Tyagi, co-founder and CEO of Metaforms. "We're not here to replace the humans in the loop. We're here to give them leverage." Since launching commercially, the firm claims to have onboarded four of the top 20 global research agencies, including Strat7, and currently processes over 1,000 surveys per month. It aims to process over 100,000 surveys annually in the long term.
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Meta tests in-house AI chip with TSMC to cut Nvidia reliance
Inshorts
·
4m ago
Medial
Meta is testing its first in-house AI training chip with TSMC to reduce reliance on Nvidia. The chip is a dedicated AI accelerator designed for better efficiency. If successful, Meta plans to scale it for recommendation systems and later for generative AI tools like Meta AI. This comes after a previous failed attempt at custom chips.
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Safeguarding Innovation: A Comprehensive Guide For AI Startups On Intellectual Property Compliance In India
Inc42
·
1y ago
Medial
There are legal considerations regarding patents and copyrights when it comes to AI. AI algorithms themselves usually cannot be patented, but unique AI applications can be. Copyright law protects software code, databases, and original AI-generated content. Startups should pay attention to grant-back clauses in licensing agreements to ensure they retain ownership of their AI innovations.
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Elon Musk heats up the AI wars. He's seeking $1 billion for xAI.
Business Insider
·
1y ago
Medial
Elon Musk is looking to raise up to $1 billion for his AI startup xAI. The funding drive comes after the launch of xAI, which aims to advance our collective understanding of the universe. This move comes at a competitive time in the AI industry, with OpenAI's ChatGPT, Google's Bard, and Meta's Llama 2 gaining popularity. Musk had previously cofounded OpenAI but left in 2018 after his proposal to run the company was rejected. xAI has already raised close to $135 million in equity financing.
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Tencent-backed AI chip startup Enflame raises $2.7 billion from state-linked investors, others
Economic Times
·
1y ago
Medial
Chinese AI chip startup Enflame has raised 20 billion yuan ($2.74 billion) in funding from investors, including funds linked to a government authority in Shanghai. The investment comes as the development of generative AI gains momentum, with companies working on AI-related infrastructure attracting investor interest. Tencent, which has previously worked with Enflame on AI chip development, also participated in this investment round.
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Governments, firms should spend more on AI safety, top researchers say
Economic Times
·
1y ago
Medial
Top AI researchers have called for governments and companies to allocate at least one-third of their AI research and development funding towards ensuring the safety and ethical use of AI systems. The letter, signed by renowned AI experts, stated that governments should also make companies legally liable for harms caused by AI systems. Currently, there are no comprehensive regulations focusing on AI safety. The call comes ahead of the international AI Safety Summit in London.
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Karnataka Unveils Vision for AI Future with State-Backed Mission
StartupTalky
·
20d ago
Medial
The Karnataka government plans to launch a specialized AI mission to complement IndiaAI, focusing on AI framework development within its IT policy for 2025–2030. This comes with the state's AI Workforce Impact Study to address AI’s effect on the workforce. Karnataka's robust startup ecosystem in Bengaluru attracted $872 million in funding recently, aided by initiatives like a Centre for Applied AI. India's AI strategy emphasizes developing large language models (LLMs) with significant government investment.
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Microsoft to spend $3.2 billion in Australia as AI regulation looms
Economic Times
·
1y ago
Medial
Microsoft is set to invest $3.2 billion in Australia as the country prepares to introduce regulations on artificial intelligence (AI). The investment will focus on building data centers to support the growing demand for cloud services and AI capabilities. The move comes amid increasing concerns about the ethical and responsible use of AI technology, prompting governments around the world to develop regulatory frameworks.
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