Nvidia’s AI empire: A look at its top startup investments

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared.  During that period, the world’s leading high-performance GPU maker…

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Sesame, the startup behind the viral virtual assistant Maya, releases its base AI model

AI company Sesame has released the base model that powers Maya, the impressively realistic voice assistant. The model, which is 1 billion parameters in size (“parameters” referring to individual components of the model), is under an Apache 2.0 license, meaning it can be used commercially with few restrictions. Called CSM-1B, the model generates “RVQ audio codes” from text…

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OpenAI’s startup empire: The companies backed by its venture fund

Since its founding in 2021, OpenAI Startup Fund has raised $175 million for its main fund and secured an additional $114 million through five separate special purpose vehicles, which are investment pools for specific opportunities. Unlike many sizable tech companies, OpenAI says it doesn’t use the company’s money to invest in startups.  The ChatGPT maker…

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CEO of Clearview AI, a controversial facial recognition startup, has resigned

The CEO of Clearview AI, the controversial facial recognition startup that created a searchable database of 30 billion photos by scraping the internet, has resigned, according to a statement he supplied to TechCrunch. The CEO, Hoan Ton-That, said “it is time for the next chapter in my life” and that he would remain on as…

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Mercor, an AI recruiting startup founded by 21-year-olds, raises $100M at $2B valuation

Mercor, the AI recruiting startup founded by three 21-year-old Thiel Fellows, has raised $100 million in a Series B round, the company confirmed to TechCrunch. Menlo Park-based Felicis led the round, valuing Mercor at $2 billion—eight times its previous valuation, the Wall Street Journal previously reported. Existing investors Benchmark, General Catalyst, and DST Global also…

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Nvidia’s AI empire: A look at its top startup investments

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT a little over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared more than eightfold.  During that period, the…

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FTC orders AI accessibility startup accessiBe to pay $1M for misleading advertising

The U.S. Federal Trade Commission has fined accessiBe, a startup that claims to make websites more compatible with the screen readers blind people rely on to access the internet, for false advertising and compensating reviewers without disclosing that it sponsored the reviews. In a proposed order, the FTC would require accessiBe to pay $1 million that…

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Backed by a16z and QED, Brazilian startup Carecode puts AI agents to work on healthcare

AI holds huge promise for healthcare, but not just on the medical side; many startups are convinced machine learning-based systems can do a lot of good on adjacent tasks such as appointment scheduling and confirmations. Brazilian startup Carecode is among these AI believers. It’s coming out of stealth with an ambition to reduce healthcare costs…

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LatAm startup Vambe sees ARR skyrocket after pivot to conversational AI

When Nicolás Camhi, Matías Pérez Pefaur and Diego Chahuán (pictured above, left to right) launched Vambe last year, they were building a CRM for debt collection. But despite gaining traction, they soon realized that their customers were not as interested in their debt collection product as the WhatsApp AI agents Vambe had built to facilitate…

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