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Quantum Rise Secures $15M Seed Funding for AI-Powered ‘Consulting 2.0’ Venture
Quantum Rise, a Chicago-based startup specializing in AI-driven automation, has announced the successful closing of a $15 million seed round from Erie Street Growth Partners. The startup’s innovative approach is drawing comparisons to industry leader…
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Microsoft Unveils ‘MInference’ Demo, Disrupting AI Processing Norms
Microsoft has unveiled an interactive demonstration of its new MInference technology on the AI platform Hugging Face, showcasing a potential breakthrough in processing speed for large language models. The demo, powered by Gradio, allows developers…
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YC alum Fluently secures $2M seed round for its AI-powered English coach
In a world flooded with resources for learning English as a second language (ESL), there exists a gap for near-native speakers who seek to refine their fluency further. Addressing this gap is what inspired Stan…
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Amazon recruits founders from AI startup Adept
Adept, a startup known for developing AI-powered agents designed to perform various software-based tasks, has announced a significant shift in its business strategy. The company has agreed to license its cutting-edge technology to Amazon, and…
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Zepto Secures $665 Million in Funding, Valued at $3.6 Billion
Mumbai-based startup Zepto has secured $665 million in a new funding round, catapulting its valuation from $1.4 billion to $3.6 billion within a year. This significant financial boost underscores Zepto’s strategic efforts to dominate the…
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OpenAI Enhances Retrieval Capabilities with Acquisition of Rockset
In a strategic move to bolster its technology stack, OpenAI has announced the acquisition of Rockset, a prominent provider of real-time analytics databases known for enhancing intelligent enterprise applications. This acquisition underscores OpenAI’s commitment to…
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Stanford Research Reveals AI Legal Tools Susceptible to Generating Inaccurate Data
As technology continues to permeate every aspect of professional life, the legal sector is not left behind. Large language models (LLMs) have become integral to tasks that demand heavy information processing, with several companies introducing…
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Microsoft Updates Recall Feature: Now Opt-In with Enhanced Encryption Following Privacy Concerns
Microsoft has recently introduced significant updates to its AI-powered Recall feature on Copilot+ PCs following extensive criticism from security researchers over potential privacy risks. Initially revealed last month, Recall was designed to be a revolutionary…
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SiFi, a spend management startup, secures $10M to expand operations in Saudi Arabia
The global spend management sector is experiencing a significant tailwind of growth, driven by increasing internet penetration, technological advancements, and businesses’ focus on prudent spending. North America is the largest market in this space, but…
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AI fintech LoanSnap, after raising $100 million, now faces lawsuits, fines, and eviction.
AI mortgage startup LoanSnap is currently grappling with numerous lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving its employees concerned about the company’s future, TechCrunch has learned. Background and…
