• SoundHound, the voice AI company, raises $25M after laying off 40% of staff earlier this month

    3 days ago - By TechCrunch

    AI may be getting hyped as the next billion dollar opportunity these days after that mega round for OpenAI from Microsoft, but that rising tide is not lifting all boats. SoundHound - the voice AI company that provides conversational AI services for automotive, connected home and hospitality applications - earlier this month laid off 40% of its staff and as a follow up, today announced that it had raised $25 million in equity to shore up its position in the market.
    SoundHound did not say who is behind the funding except to note that it is coming from “a diverse set of financial and...
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  • Microsoft says AI will be as important as the invention of the PC and internet

    Microsoft says AI will be as important as the invention of the PC and internet

    3 days ago - By TechRadar

    Microsoft has revealed it will be investing billions more dollars into OpenAI, the makers of ChatGPT. In the company's blog post , Microsoft described the investment as the "third phase of our long-term partnership" with OpenAI, promising to advance the technology and make it available to everyone globally. Microsoft hopes that the increased use of AI in supercomputing and research will yield commercially viable technologies for the company to capitalize on, echoing other calls it made recently, such as its wish to integrate ChatGPT into its Bing search engine .
    AI for all
    OpenAI was born...
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  • The Morning After: Microsoft expands 'multibillion dollar' deal with OpenAI, creators of ChatGPT

    3 days ago - By Engadget

    Microsoft is making a "multibillion-dollar" investment that will lead to wider uses of OpenAI's technology, as well as more robust behind-the-scenes support. Microsoft has launched OpenAI-powered features, like natural language programming and a DALL-E 2 graphic design tool. OpenAI uses Microsoft's infrastructure to train its best-known systems, including DALL-E 2 and the popular ChatGPT bot. ChatGPT is coming to Azure soon. However, don't expect anyone to see ChatGPT in Bing - at least not yet. The expansion may help Microsoft seize a competitive advantage. Google reportedly sees ChatGPT...
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