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AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 - Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million in cash. In September, Imbue announced its Series B round of $200 million at a valuation of over $1 billion. Imbue is focused on creating a model for enabling so-called autonomous agents, AI systems which promise to perform more sophisticated personal and work tasks such as meeting scheduling or complex data analysis, without close supervision. The key to AI systems that can perform large-scale, real-world tasks is creating AI that has better reasoning capabilities, Imbue CEO Kanjun Qiu said in an interview.

Persons: Dado Ruvic, Eric Schmidt, Imbue, Kanjun Qiu, Qiu, Anna Tong, Richard Chang Organizations: REUTERS, Intelligence, Alexa Fund, Google, Microsoft, Thomson Locations: San Francisco

☆ Cerebral Valley, the AI conference that spawned a $1.3 billion deal, is coming back to San Francisco this year
▼ + stars: | 2023-09-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Cerebral Valley, an AI conference run by Eric Newcomer's eponymous publication, just announced its second gathering of 2023. CVAI2 (Cerebral Valley AI Summit version 2.0) will take place on November 15 at the SFJAZZ Center in Hayes Valley, San Francisco. The neighborhood is nicknamed Cerebral Valley these days, due to the plethora of AI startups that have sprouted there. Ali Ghodsi, CEO of Databricks, and Naveen Rao, CEO of MosaicML, met for the first time at the initial Cerebral Valley AI Summit. That's the biggest generative AI startup deal so far, by my counting.

Persons: Vinod Khosla, Reid Hoffman, Adam D'Angelo, Eric Newcomer's, Mustafa Suleyman, Ali Ghodsi, Kanjun Qiu, Chris Lattner, May Habib, Naveen Rao, Jason Warner, Max Child, James Wilsterman, Amjad Masad, Clem Delangue, Emad, Daniela Amodei, Cristobal Valenzuela, Shane Orlick, MosaicML, it's Organizations: SFJAZZ, Service, Industry Locations: Hayes Valley, San Francisco, Wall, Silicon, Jasper

"High level, we want this to become something like your personal AI friend," said developer Div Garg, whose company MultiOn is beta-testing an AI agent. The race towards increasingly autonomous AI agents has been supercharged by the March release of GPT-4 by developer OpenAI, a powerful upgrade of the model behind ChatGPT - the chatbot that became a sensation when released last November. GPT-4 facilitates the type of strategic and adaptable thinking required to navigate the unpredictable real world, said Vivian Cheng, an investor at venture capital firm CRV who has a focus on AI agents. OpenAI itself is very interested in AI agent technology, according to four people briefed on its plans. There are at least 100 serious projects working to commercialize agents, said Matt Schlicht, who writes a newsletter on AI.

Persons: Siri, Alexa, Tony Stark's, Kanjun Qiu, Reid Hoffman, Mustafa Suleyman, Qiu, OpenAI, Vivian Cheng, CRV, Aravind Srinivas, Jarvis, Yoshua Bengio, Satya Nadella, Apple's Siri, it's, Google, Edward Grefenstette, Jason Franklin, WVV Capital, Hesam Motlagh, Matt Schlicht, Anna Tong, Jeffrey Dastin, Kenneth Li Organizations: Microsoft, Google, U.S . Federal Trade Commission, Reuters, FTC, OpenAI's, Financial Times, Amazon, Alexa, Investors, WVV, Google Ventures, Entrepreneurs, Thomson Locations: Silicon, Jarvis, GPT, Cognosys, San Francisco, Palo Alto

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