AI startup Symbolica raises $31 million to develop AI systems to compete with OpenAI
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startup Rivos: Rivos raises $250 million to develop RISC-V AI chips
Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to launch competing products, such as Intel's Gaudi 3 and Meta's inference chip - both unveiled last week. Rivos...
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Metrolink awarded $1.3 million to develop AI-powered system to detect hazards on tracks
The U.S. Department of Transportation awarded Southern California’s commuter rail system $1.3 million to develop an artificial intelligence-powered security system to detect unexpected movement on Metrolink tracks. The technology would aim to automatically slow down or stop a train when cameras and sensors verified the presence of a person, vehicle or debris, Metrolink said about the proposed "track intrusion detection" system. The technology would integrate with existing GPS that notifies train...
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New AI-powered ‘instant’ music-making app Udio raises $10m; launches with backing from will.i.am, Common, UnitedMasters, a16z
Udio, developed by former researchers at Google DeepMind, says it can create a mastered track from user prompts in less than 40 seconds Source