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6 mentions found


☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
  + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com   time to read: +4 min
Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.
Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post
☆ Inflection AI has a new game plan after Mustafa Suleyman defected to Microsoft
  + stars: | 2024-05-22 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +1 min
Inflection AI unveiled a new strategy to focus on building empathetic chatbots for businesses. It comes after Mustafa Suleyman resigned as CEO and joined Microsoft with most of the team. The startup's new leadership team told VentureBeat that it's "well funded for 18 months." The startup laid out a rehashed strategy following its partial implosion about two months after CEO Mustafa Suleyman decamped to Microsoft along with most of its 70 staff. Inflection's executive team told VentureBeat that its new plan of action is focusing on business-centric "empathetic" chatbots to help stand out in the highly competitive AI sphere.
Persons: Mustafa Suleyman, VentureBeat, —, Mustafa Suleyman decamped Organizations: Microsoft, Service, Business
☆ People coaxed AI into saying 9+10=21 and giving instructions for spying — it shows how these systems are prone to flaws and bias
  + stars: | 2023-08-14 | by ( Kai Xiang Teo | ) www.businessinsider.com   time to read: +3 min
Participants at a hacking conference tricked AI into producing factual errors and bad math. AI experts have been sounding the alarm about the dangers of AI bias for years. Another participant got an AI model to falsely claim Barack Obama was born in Kenya — a baseless conspiracy theory popularized by right-wing figures. An undisclosed number of participants received 50 minutes each per attempt with an unidentified AI model from one of the participating AI companies, according to VentureBeat and Bloomberg. AI experts have been sounding the alarm on bias and inaccuracy in AI models, despite AI making headlines for acing law school exams and the SATs.
Persons: Kennedy Mays, Barack Obama, Mays, VentureBeat, Def Con Organizations: Morning, Def Con, Google, Bloomberg, White, Office of Science, Technology, Ku Klux, CNET, Def Locations: Las Vegas, Savannah , Georgia, Kenya
☆ Inside Adobe, some staff worry their AI tech will kill graphic designer jobs and undermine the company's business model: 'Is this what we want?'
  + stars: | 2023-07-25 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +8 min
Adobe employees worry their AI technology could kill graphic designer jobs. Adobe AI tools make it easy to add new graphic elements or edit photos with text prompts. Inside Adobe, there's a debate raging over new AI technology that threatens to kill jobs among a key group of customers and potentially undermine the company's business model. The response from some Adobe employees has been less enthusiastic, according to internal messages viewed by Insider and interviews with employees. the person wrote.
Persons: Slack, Goldman Sachs, didn't, Brent Thill, David Wadhwani, Adobe, Bernstein, Eugene Kim Organizations: Adobe, Employees, Jefferies, Microsoft
☆ Saudi $5 bln gaming play only works on some levels
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 6 (Reuters Breakingviews) - Saudi Arabia is defriending read more Uncle Sam on oil, while deploying its video-game war chest in his backyard. Savvy Games, owned by the country’s Public Investment Fund, announced on Wednesday that it was buying U.S. mobile games specialist Scopely for $4.9 billion. Though privately held Scopely doesn’t disclose its financials, Savvy looks to be getting a good price. Less clear is how Scopely contributes to Saudi’s aims of becoming the “ultimate global hub” for gaming and pivoting its economy away from fossil fuels. If Saudi wants to create jobs from the rapid growth of domestic game consumption, it needs to turn its games M&A into gaming boots on the ground.
☆ Another tech bubble bursts: 2022 has been brutal for Silicon Valley workers
  + stars: | 2022-11-27 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com   time to read: +28 min
Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.
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