The AI industry is experiencing a surge in interest and investment as evidenced by this week’s AI Weekly Updates Roundup. From document analysis to conversational commerce, AI-powered data products, and multi-modal AI research, businesses across various industries are leveraging the power of AI to enhance their operations and improve customer experiences. As we look forward to next week, we can expect to see even more exciting developments in the world of AI, as companies continue to innovate and push the boundaries of what’s possible with this transformative technology.
Typeface valued at $1 billion after Salesforce-led fundraise
Source: Reuters (reuters.com)
AI Summary:
Typeface, an AI startup that specializes in document analysis and data extraction, has raised $200 million in a funding round led by Salesforce Ventures, valuing the company at $1 billion. Typeface’s technology uses machine learning algorithms to analyze and extract data from unstructured documents such as contracts, invoices, and receipts. The company plans to use the funds to expand its operations and develop new products.
Vonage Conversational Commerce powered by Jumper.ai
Source: Business Wire (businesswire.com)
AI Summary:
Vonage, a cloud communications provider, has partnered with Jumper.ai, an AI-powered conversational commerce platform, to offer a new solution called “Vonage Conversational Commerce”. This solution will allow businesses to engage with their customers through messaging apps and social media platforms, and provide personalized shopping experiences through AI-powered chatbots.
Scribble Data Launches Hasper: A Full-Stack Applied AI Data Products Engine
Source: MarTech Series (martechseries.com)
AI Summary:
Scribble Data has launched an AI-powered data products engine called HASPER. It is a full-stack applied AI platform that enables businesses to build and deploy data products quickly and efficiently. HASPER includes pre-built data products, a modular architecture that allows for customization, and an intuitive user interface. The platform also features machine learning algorithms that can be used for predictive analytics and natural language processing. Scribble Data aims to make it easier for businesses to leverage the power of AI and machine learning in their operations.
Runway Announces $141M in Funding to Expand Multi-Modal AI Research and Product Deployment
Source: Business Wire (businesswire.com)
AI Summary:
Runway, an AI startup, has raised $141 million in funding to expand its multi-modal AI research and product deployment. The funding round was led by Sequoia Capital and also included participation from existing investors. Runway aims to use the funds to accelerate the development of its AI platform and build new products that can be used across various industries. The company’s platform enables users to create, train, and deploy AI models without requiring any coding skills. Runway has already partnered with several companies, including Adobe, to provide AI solutions for creative professionals.
Applitools Acquires Preflight to Help Bring Its AI Powered Testing Platform to Teams of All Skill Sets
Source: PR Newswire (prnewswire.com)
AI Summary:
Applitools, a provider of AI-powered end-to-end visual testing and monitoring, has acquired Preflight, a low-code application performance management and testing platform. The acquisition will help Applitools bring its AI-powered testing platform to teams of all skill sets. With Preflight, users can test and monitor their applications without requiring extensive coding knowledge or experience. The acquisition is expected to enhance Applitools’ capabilities in providing comprehensive end-to-end testing solutions for customers.
Virtuagym Launches Digital Coaching Solution Powered by Artificial Intelligence
Source: Club Industry (clubindustry.com)
AI Summary:
Virtuagym, a fitness technology company, has launched a new digital coaching solution that uses artificial intelligence to provide personalized workout plans and nutrition advice to users. The solution, called Coach, uses machine learning algorithms to analyze users’ fitness data and provide tailored recommendations. Coach also includes a chatbot feature that allows users to ask questions and receive instant feedback. The solution is designed to help fitness professionals scale their coaching services and provide a more personalized experience for their clients.
DeepMind Co-Founder’s Startup ‘Inflection AI’ Secures $1.3B in Funding from Microsoft and Nvidia
Source: Yahoo (yahoo.com)
AI Summary:
Inflection AI, a startup founded by the co-founder of DeepMind, has secured $1.3 billion in funding from Microsoft and Nvidia. The company aims to develop an artificial general intelligence (AGI) that can perform a wide range of tasks without human intervention. This investment marks one of the largest funding rounds for an AI startup and highlights the growing interest in AGI research and development.
Conversica and Salesforce partner, integrating generative AI with Salesforce marketing capabilities
Source: KMWorld (kmworld.com)
AI Summary:
Conversica, an AI-powered business conversation platform, has announced a partnership with Salesforce to integrate its generative AI technology with Salesforce’s marketing capabilities. The partnership will enable Salesforce users to leverage Conversica’s AI capabilities to automate and personalize customer conversations, enabling them to scale their marketing efforts. The integration will also allow customers to track and analyze the performance of Conversica’s AI-powered conversations within the Salesforce platform.
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