AI | Pixr8 News

25Jul By PriyankaNo Comments

ACQUISITION

NVIDIA acquires AI Platform Brev

San Francisco-headquartered AI/ML development platform Brev.Dev has been acquired by the GPU powerhouse NVIDIA. In recent developments, Nvidia also acquired three more AI startups like Shoreline.io valued at around $100 million, Deci, an Israeli startup, valued at an estimated $300 million, further strengthens Nvidia's portfolio in the AI technology space. Brev, a platform tailored for AI/ML development, streamlines the process of constructing, training, and deploying ML models in the cloud. Developed by and for developers, Brev addresses the complexities of scaling ML projects with its agile yet robust platform. It utilizes various cloud providers to optimize GPU selection for cost-effectiveness, enabling the execution of any code on GPU instances for comprehensive model training ...

US Tech Companies’ Shift to Nuclear Powered Data Centers

18Jul By PriyankaNo Comments

USA

US Tech Companies’ Shift to Nuclear Powered Data Centers

Texas, 18th Jan 2024: Tech companies, such as Amazon Web Services, are making deals with US based nuclear power plants to secure electricity for their data centers, driven by the increasing demands of artificial intelligence. While this move offers 24/7 carbon-free power, it has sparked controversy due to concerns about potentially diverting existing energy supplies, raising prices, and increasing reliance on natural gas. The concept of nuclear-powered data centers raises debates surrounding economic development, grid reliability, and climate goals, prompting questions about whether this is a step towards the future of tech or a risky gamble with unforeseen consequences. According to a report by WSJ, approximately one-third of the United States' nuclear power reactors' owners are in t...

Ola Cabs Start using Ola Maps, Exit Google Map

8Jul By AnkitaNo Comments

News

Ola Cabs Start using Ola Maps, Exit Google Map

Bengaluru, 8th July 2024: In a significant development within the tech and transportation industry, Ola Cabs, under the leadership of Bhavish Aggarwal, has made a strategic transition to utilizing its proprietary online mapping service, Ola Maps. This move marks a pivotal shift for the Bengaluru-based ride-hailing company as it aims to enhance operational efficiency, reduce costs, and offer advanced features to its users. The decision to shift to an in-house navigation platform comes on the heels of Ola Electric's successful commercial launch of Ola Maps in January this year. Founder Bhavish Aggarwal emphasized the substantial cost savings achieved by the company through this transition, stating that they have managed to eliminate an annual expenditure of ₹100 crore by fully leveraging...

10Jun By AnkitaNo Comments

INDIA

ChatSUTRA – India’s Own Worldclass AI platform launched in 50 languages

New Delhi, 10th June 2024: India based TWO AI made a groundbreaking announcement regarding the wider release of its advanced AI model, ChatSUTRA, through the launch of a new AI application named ChatSUTRA on the platform chat.two.ai. This release follows extensive testing and enhancements to ensure optimal performance. ChatSUTRA is now accessible on both web browsers and mobile devices running iOS and Android operating systems. This development marks a significant milestone as TWO AI opens up SUTRA's state-of-the-art capabilities to a broader audience. A key feature of SUTRA lies in its exceptional multilingual adaptability, which allows users to engage with the AI in over 50 languages seamlessly, eliminating language barriers and cultural discrepancies. Among the diverse language...

Surge in Copper Demand due to EVs, AI, and Clean Energy

26Apr By PriyankaNo Comments

ANALYSIS

Surge in Copper Demand due to EVs, AI, and Clean Energy

The surge in demand for copper, driven by technological advancements such as artificial intelligence, automation, and the shift towards renewable energy and electric vehicles, has been highlighted. Copper cables, which conduct electricity, are particularly in demand. Graeme Train, the head of metals analysis at Trafigura, a Swiss-based company, estimates that a third of the 10 million tonnes of new demand will be generated by the electric vehicle sector. He also noted that another third will be used for electricity generation, transmission, and distribution. The remaining demand will come from areas such as automation, manufacturing capital expenditure, and cooling systems in data centers. The rapid production of electric vehicles and solar panels, along with grid investment in Chin...

24Nov By PriyankaNo Comments

ACQUISITION

Adobe acquired Rephrase.ai, AI-driven video creation startup

Adobe, the renowned software company, has recently acquired Rephrase.ai, an AI-driven video creation startup based in Bengaluru, making it their first generative AI acquisition in India. According to the Economic Times, Adobe plans to integrate Rephrase's technology stack and generative AI video capabilities into their native video-editing platform, Creative Cloud. This strategic move aims to enhance and expand Adobe's range of services. The acquisition of Rephrase.ai will empower Adobe to seamlessly incorporate AI-driven video content tools across their software suite. This comes at a time when corporations are actively seeking AI-powered solutions to complement their daily work processes. Rephrase.ai, founded in 2019 by Ashray Malhotra, Nisheeth Lahoti, and Shivam Mangla, all g...

Microsoft launch Copilot – An AI Assistant for Office, Paint and Windows

25Sep By NitishNo Comments

Tech

Microsoft launch Copilot – An AI Assistant for Office, Paint and Windows

Microsoft, a leading tech player led by Satya Nadella launched AI assistant tool known as copilots for its various services. As per the information given by the Microsoft team, Copilot most used into making coding more efficient with GitHub, transforming productivity at work with Microsoft 365, redefining search with Bing and Edge and delivering contextual value that works across your apps and PC with Windows. The team say Copilot will be your everyday AI companion that incorporate the context and intelligence of the web, your work data and what you are doing in the moment on your PC to provide better assistance with your privacy and security at the forefront. The AI assistant tool will be available in Windows 11, Microsoft 365, and in our web browser with Edge and Bing. ...

25Aug By PriyankaNo Comments

FUNDING

Former Amazon Alexa Employee Launched Level AI with $15 Million in Funding

MOUNTAIN VIEW, Calif., 25TH Aug 2021-- Level AI a company founded by former Amazon Alexa product leader Ashish Nagar launched to modernize customer service using conversational artificial intelligence to uniquely help organizations work with customers to solve any issues in real-time and elevate the customer’s overall experience. The Level AI platform debuts amid a COVID-driven surge in customer-service call volumes and as enterprise contact centers shift to the cloud. With strong early demand for its cloud-based solution, Level AI is already working with more than 30 brands through its enterprise partners. Level AI also announced the close of $13 million in Series A funding in conjunction with its launch, bringing its total funding to date to $15 million. The round was led by t...

Microsoft acquires Nuance Communications for $19.7 billion

12Apr By AnkitaNo Comments

ACQUISITION

Microsoft acquires Nuance Communications for $19.7 billion

Wash., and BURLINGTON, Mass. – April 12, 2021 – Software giant Microsoft has acquired Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience. Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. The transaction is intended to close this calendar year. In 2020, Microsoft has accelerated its efforts to provide industry-specific cloud offerings Microsoft Cloud for Healthcare. Which aims to address the comprehensive needs of the rapidly transforming and growing healthcare industry. The latest acquisition announcement will help Microsoft’s industry-speci...

AI startup Databricks Raises $1 billion from Microsoft, Google & Amazon

2Feb By AdityaNo Comments

FUNDING

AI startup Databricks Raises $1 billion from Microsoft, Google & Amazon

San Francisco, Feb 2, 2021: AI startup Databricks raises $1 billion in funding in Series G round from Microsoft, Google and Amazon Web Services. Using this round of funding the startup value soar at a $28 billion valuation. Databricks is an analytics-based cloud computing platform that has 5,000 customers, including 40 percent of Fortune 500 companies. "We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI (business intelligence) to AI," said Ali Ghodsi, Databricks chief executive and co-founder. "Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and...

9Dec By AdityaNo Comments

FUNDING

Reface secures $5.5M in seed funding led by Andreessen Horowitz

KYIV, Ukraine, Dec. 9, 2020-- Reface, AI app for a video and GIF face-swaps raises $5.5 million in the seed round of financing led by Andreessen Horowitz and several well-known angel investors. With these funds, the startup aims to reinvent the way people interact with content. Reface strives to build the first social platform of dynamically personalized media content empowered with machine learning technologies. Since the official launch in January 2020, Reface app has been downloaded over 70 million times. Reface app allows you to snap a picture of your face and apply your likeness to any number of celebrities, without needing any After Effects or VFX knowledge. Within seconds, users can export their creations to a multitude of formats including animated GIF and standard ...

Fylamynt Raises $6.5 Million from Google

4Dec By AdityaNo Comments

FUNDING

Fylamynt Raises $6.5 Million from Google

MOUNTAIN VIEW, Calif., Dec. 4, 2020-- Fylamynt, a cloud automation platform raises $6.5 million in seed funding. Fylamynt allows cloud engineering teams to build, run and analyze automation workflows securely for any cloud with little to no code. The seed round is led by Gradient Ventures, Google's AI-focused fund, with additional investment from Mango Capital and Point72 Ventures. The cost of operations is still very high in Fortune 1000 enterprises with application downtime costing an estimated $1.25 to $2.5 billion per year and the average cost per hour for critical application failures is $500,000 to $1 million. Cofounders Dr. Pradeep Padala, Dr. Xiaoyun Zhu and David L...