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Search resuls for: "Victor Riparbelli"


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AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups, in a sign the venture capital market may be showing signs of a recovery. "The environment has dramatically changed since then," Nelis told CNBC. Climate-focused VC firm World Fund closed a 300 million euro fund in March. "We're lucky that with DeepMind here in London and with Fair [Facebook AI Research] in Paris, there's at least two big centers that have great AI expertise," Nelis told CNBC. "My expectation is Europe is going to generate some really interesting AI application companies," Nelis told CNBC.
Persons: Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, Philippe Botteri, it's, Nelis, UiPath, Russia's, Wise, Magnus Grimeland, Grimeland, there's, Victor Riparbelli, Synthesia, Riparbelli Organizations: Accel, Accel Venture, Spotify, CNBC, Skype, U.S, Nvidia Locations: Europe, Israel, Lithuania, Romania, Ukraine, New York, U.S, London, Paris, Synthesia
London-based generative AI firm Synthesia has raised $90 million in new funding. Synthesia is now valued at $1 billion, making it the latest AI unicorn despite the difficult market. Generative AI startup Synthesia has raised $90 million in new funding at a unicorn valuation. "What we're also proud of is being a leading AI company that's based in Europe, we intend to stay in Europe and build an impactful AI company here because the talent is available." Synthesia previously raised $50 million in funding in December 2021 in a Series B round led by Kleiner Perkins, with participation from GV.
Persons: Synthesia, We've, Victor Riparbelli, OpenAI's, it's, Kleiner Perkins, Riparbelli, David Beckham Organizations: Accel, GV Locations: London, NVentures, Europe
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNTAn animated avatar generated by the AI video platform Synthesia. To do that, Synthesia has created animated avatars which look and sound like humans, but are generated by AI. Synthesia is a form of generative AI, similar to OpenAI's ChatGPT. The company doesn't disclose its sales or revenue metrics, though it says it "consistently driven triple digit growth," with over 12 million videos produced on the platform to date. Synthesia plans to ramp up investment into its technology, with a particular focus on advancing its AI research and making Synthesia avatars capable of performing more tasks.
Persons: Synthesia, Slack, Kleiner Perkins, Morgan Stanley, Victor Riparbelli, Matthias Niessner, Steffen Tjerrild, Lourdes Agapito, Philippe Botteri, Riparbelli, Nvidia isn't, it's, They're, Felix Capital, Atomico, they're, David Beckham, Beckham Organizations: Nvidia, CNBC, Accel, Facebook, Spotify, GV, FirstMark, MMC, YouTube, Netflix, Business, Iconiq, Felix, Meritech Locations: London, A.I
June 13 (Reuters) - Synthesia, a UK-based artificial intelligence (AI) startup, said on Tuesday it has raised about $90 million at a valuation of $1 billion from a funding round led by venture capital firms Accel and Nvidia-owned (NVDA.O) NVentures. The startup's technology helps more than 50,000 businesses including Amazon.com (AMZN.O) in creating custom AI avatars used in instructional and corporate videos. AI startups have emerged as a bright spot for investments this year amid a wider slowdown in funding caused by rising interest rates and high inflation. However, the hype around AI has also deepened concerns that video platforms could be used to create deepfakes, a realistic or fabricated video or image created by AI algorithms trained on copious online footage. Riparbelli has said that six-year-old Synthesia navigates the issue by only creating avatars of people who have consented.
Persons: Victor Riparbelli, Riparbelli, Jaspreet Singh, Devika Organizations: Accel, Nvidia, Amazon.com, NVIDIA, Thomson Locations: Bengaluru
In the past few months, some have raved about the capabilities of generative AI tools like ChatGPT. Startups policing themselvesSome startups have taken it upon themselves to ensure their products aren't being used for the wrong purposes. In 2020, Resemble AI, a company that can generate voices using AI, released Resemblyzer, an open-source package that can verify speakers and detect fake speech. Despite their bad rap, the majority of deepfakes are used for marketing or entertainment, rather than malicious purposes, Riparbelli told Insider. But already, US government officials are collaborating with AI startups to form partnerships and fund research around these concerns, Ahmed told Insider.
Three sources briefed on OpenAI's recent pitch to investors said the organization expects $200 million in revenue next year and $1 billion by 2024. OpenAI was most recently valued at $20 billion in a secondary share sale, one of the sources said. The startup has already inspired rivals and companies building applications atop its generative AI software, which includes the image maker DALL-E 2. OpenAI has also attracted attention as an AI provider and potential Google search competitor, with ChatGPT answering queries for more than 1 million users so far. OpenAI warns users, ChatGPT "may occasionally produce harmful instructions or biased content."
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