Read AI raises $50M to capitalize on strong demand for its AI summary bot
Now that we have so many startups offering AI bots that can do everything from listening to your meetings and transcribing them, to taking notes and surfacing insights, companies in the space are being forced to differentiate themselves by offering additional feature sets and integrations. One such company, Read AI
Read moreWe finally have an ‘official’ definition for open source AI
There’s finally an “official” definition of open source AI. The Open Source Initiative (OSI), a long-running institution aiming to define and “steward” all things open source, today released version 1.0 of its Open Source AI Definition (OSAID). The product of several years of collaboration with academia and industry, the OSAID
Read morexAI adds image understanding capabilities to Grok
Elon Musk-owned xAI has added image-understanding capabilities to its Grok AI model. With that, paid users on X social platform can upload an image and ask the AI chatbot questions about it. One of the xAI employees and the official Grok handle posted about this update on X. In a
Read moreEFTCorp & Visa Collabo to Drive Fintech Innovation in Africa
EFT Corporation (EFTCorp) and Visa have announced a 5-year cooperation to transform Africa’s digital payment landscape. This alliance aims to increase financial inclusion and implement sophisticated payment solutions across the continent. This partnership will provide fintech with access to comprehensive prepaid and debit card programs tailored for diverse consumer needs,
Read moreFiligran secures $35M for its cybersecurity threat management suite
Paris-based startup Filigran is fast becoming the next cybersecurity rocketship to track: The company just raised a $35 million Series B round, only a few months after it raised $16 million in a Series A round. Filigran’s main product is OpenCTI, an open-source threat intelligence platform that lets companies or
Read moreIndian fintech Slice seals bank merger
Indian fintech startup Slice has completed its merger with North East Small Finance Bank, marking a rare instance of a startup successfully entering India’s tightly regulated banking sector. The merger, first proposed last year, transforms the Bengaluru-based startup into a banking entity, following months of regulatory scrutiny that has reshaped
Read moreInstagram is lowering video quality for unpopular videos
The popularity of an Instagram video can affect its actual video quality: According to Adam Mosseri (the Meta executive who leads Instagram and Threads), videos that are more popular get shown in higher quality, while less popular videos get shown in lower quality. In a video (via The Verge), Mosseri
Read moreFounders and VCs back a pan-European C corp, but an ‘EU Inc’ has a rocky road ahead
It’s become a common refrain in political discourse: Europe needs to take radical action to remain competitive. On the long list of potential reforms, one that’s gaining particular traction is a new, EU-wide corporate status for innovative companies. Known (somewhat obscurely) as the “28th regime,” the innovation is being billed
Read moreThe next Mac mini might be nearly as small as an Apple TV
The Mac mini will be getting an upgrade this week, according to Bloomberg’s Mark Gurman. The mini is Apple’s desktop computer (really just a small gray box) positioned between the consumer iMac and the company’s professional-grade desktops. The new mini is reportedly getting smaller — nearly the size of an
Read moreMeta releases an ‘open’ version of Google’s podcast generator
Meta has released an “open” implementation of the viral generate-a-podcast feature in Google’s NotebookLM. Called NotebookLlama, the project uses Meta’s own Llama models for much of the processing, unsurprisingly. Like NotebookLM, it can generate back-and-forth, podcast-style digests of text files uploaded to it. NotebookLlama first creates a transcript from a
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