Google's Parisian Efforts to attract AI Talent
Google's Parisian Efforts to attract AI Talent
Reddit selling your data to train LLMs, Jumps in OpenAI valuation and Softbank investment in AI Chips
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Google's AI hub in Paris is strengthening their AI talent acquisition game
By launching this hub with the presence of Google's CEO, Sundar Pichai, instead of just reorganizing the existing resources in the area (they already had physical presence in the city) the company is signaling its commitment to AI, aiming to lead in this competitive field. And of course you can’t lead without securing the best talent for your own initiatives.
This initiative is significant in Paris, which is already an upcoming hub for AI innovation, thanks to its mix of tech giants and startups. Paris's AI scene, home to entities like Facebook and startups such as Mistral AI, presents a rich opportunity for Google. (read more)
AI Hiring's Flawed Filter
Highly qualified candidates are sidelined by AI, making companies loose on securing the best available talent
AI hiring tools, designed to enhance recruitment processes, are inadvertently excluding highly qualified candidates due to biases in their programming. These tools, which include body-language analysis and CV scanners, aim to streamline hiring by analyzing various applicant metrics. However, despite intentions to eliminate human biases, these AI systems may reinforce them by favoring certain profiles over others, leading to the exclusion of potentially suitable candidates. Concerns are growing that such software might be sidelining the most competent job seekers, with evidence suggesting that algorithms might not always identify the most qualified individuals accurately.
Lambda Labs, a GPU cloud provider, secured an extra $320 million
The round was led by Thomas Tull's U.S. Innovative Technology to expand its Nvidia chip and data center portfolio. The funding aims to support Lambda's growth as major cloud providers develop their own AI chips, reducing dependence on Nvidia.
Other IA News
OpenAI reaches $86 Billion valuation
After finalizing a deal allowing its employees to sell their shares. Amidst these developments, OpenAI is also exploring additional funding opportunities to potentially elevate its valuation above $100 billion.
An undisclosed AI company secures a $60 million/year deal with Reddit for user post data, spotlighting the escalating value of human-generated content in training AI models like ChatGPT and DALL-E.
SoftBank's $100 Billion AI Chip Challenge
Masayoshi Son of SoftBank is spearheading a bold initiative named Izanagi to compete against Nvidia in the AI chip market, with plans to invest up to $100 billion. Son will be leveraging investments from the Middle East to support and expand Arm Holdings' capabilities in chip design.
The fine stems from its dispute with Spotify over anti-competitive practices. This penalty marks a significant development in the ongoing conflict between the tech giant and the music streaming service, highlighting the EU's stringent stance on maintaining competition within its digital market.
Apple's AI Ambition: A New Developer Tool
Apple is on the brink of launching a groundbreaking software tool for app developers, intensifying its rivalry with Microsoft. This tool, a part of the upcoming Xcode version, aims to simplify coding by predicting and completing code blocks using AI, akin to Microsoft’s GitHub Copilot.
Last Week’s Funding Rounds
Magic: Developing frontier-scale code models to build a collaborative AI assistant. Raised $117,3M.
Sierra: Tackles essential business challenges with Enterprise AI solutions. Raised $110M, with Benchmark and Sequoia Capital leading the investment.
Antithesis: Develops autonomous software testing quality assurance software. Raised $47M, backed by Amplify Partners, First In Ventures, and Tamarack Global.
Athos Therapeutics: Develops AI-based Precision Therapeutics for autoimmune diseases and cancer. Raised $35M.
Rasa: Provides an open platform for generative conversational AI. Raised $30M, with PayPal Ventures and StepStone Group as lead investors.
LangChain: Accelerates LLM application workflows for developers. Raised $25M, led by Sequoia Capital.
Clarity: Fights AI-based misinformation and deepfakes in digital media. Raised $16M, funded by Bessemer Venture Partners and Walden Catalyst.
Document Crunch: AI platform for reviewing contracts and documents. Raised $9M, led by Navitas Capital.
Anatomy Financial: Automates financial operations in healthcare. Raised $7,6M, with Lightspeed Venture Partners as the lead investor.
Thunderbirds: Augmented reality virtual reality mixed reality generative AI frameworks platform & services provider. Raised $5,5M, with Aura Investment as the investor.