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☆ Exclusive: $38 billion data and AI darling Databricks acquires security startup Okera
  + stars: | 2023-05-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +4 min
Data and AI company Databricks is acquiring data security startup Okera. Recently, customers have increasingly asked about data security when creating custom AI models. In 2015 and 2016, software engineer Nong Li spent a number of months at data and AI startup Databricks. Databricks plans to integrate Okera deeply in the company, specifically as part of its data and AI governance offering, Unity Catalog, Ghodsi said. Today, Unity Catalog is Databricks' number one priority as it looks to build the end-to-end platform for data, analytics, and AI, Ghodsi said.
☆ Gen Zers Are Snapping Up Flip Phones. They Might Be Onto Something.
  + stars: | 2023-05-02 | by ( Kate Morgan | Photographs F. Martin Ramin The Wall Street Journal | Styling Lizzy Wholley | ) www.wsj.com   time to read: 1 min
WHEN SAMMY Palazzolo goes out, people constantly ask to see her phone. In late 2022, Ms. Palazzolo and some of her dorm-mates at the University of Illinois Urbana-Champaign were bemoaning their smartphone addictions. “We were talking about how we [felt] like slaves to our phones, like robots who keep scrolling and scrolling, even when we’re out at parties.” The group hatched a plan to do something about it. The next day, they went flip-phone shopping at Walmart . Ms. Palazzolo ended up with a $40 AT&T Cingular Flex.
☆ Gen Zers Are Snapping Up Flip Phones. They Might be Onto Something.
  + stars: | 2023-05-02 | by ( Kate Morgan | Photographs F. Martin Ramin The Wall Street Journal | Styling Lizzy Wholley | ) www.wsj.com   time to read: 1 min
WHEN SAMMY Palazzolo goes out, people constantly ask to see her phone. In late 2022, Ms. Palazzolo and some of her dorm-mates at the University of Illinois Urbana-Champaign were bemoaning their smartphone addictions. “We were talking about how we [felt] like slaves to our phones, like robots who keep scrolling and scrolling, even when we’re out at parties.” The group hatched a plan to do something about it. The next day, they went flip-phone shopping at Walmart . Ms. Palazzolo ended up with a $40 AT&T Cingular Flex.
☆ How Runway's idea for AI-driven video and photo editing and generation went from a "crazy" concept to a Silicon Valley darling worth half a billion dollars
  + stars: | 2023-05-01 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +7 min
When Runway's founders first came up with the idea for an AI art startup, they were called crazy. Now, the generative AI startup has become a fan favorite of VCs and the public alike. When Cristóbal Valenzuela began building his generative AI company Runway in 2018, investors, filmmakers, and advertisers told the cofounder that he was crazy. "They were saying, 'why would you want to build AI tools for video and filmmaking?'" Many of these features were developed hand-in-hand with customers, who often described to Runway the problems and obstacles they ran into while creating videos, Valenzuela said.
☆ Selection of Judge in Trump Case Could Complicate Proceedings
  + stars: | 2023-04-30 | by ( Joe Palazzolo | ) www.wsj.com   time to read: 1 min
A courtroom sketch shows Justice Juan Merchan instructing the jury in the Trump Organization’s criminal tax trial in Manhattan Criminal Court last year. Photo: JANE ROSENBERG/REUTERSNew York Supreme Court Justice Juan Merchan was assigned to preside over the hush-money prosecution of former President Donald Trump because he had experience overseeing previous litigation involving the former president and his company, according to people familiar with the process, but that history could complicate the proceedings and expose him to more of Mr. Trump’s attacks. Justice Merchan’s journey to the precedent-setting case began with an assignment to referee a subpoena dispute between the Manhattan district attorney’s office and the Trump Organization in late 2020, the people familiar with the matter said.
☆ 44 of the most promising generative-artificial-intelligence startups of 2023, according to investors
  + stars: | 2023-04-24 | by ( Stephanie Palazzolo | Samantha Stokes | ) www.businessinsider.com   time to read: +2 min
We asked investors to name the most promising generative-AI startups of 2023. VCs were asked to name startups in their portfolios and ones with which they had no financial ties. This past year has seen doom and gloom for most of the tech world, but a small, rapidly growing group of startups have seen a renaissance. In the model layer, third-party and open-source providers like OpenAI and Stability AI train AI models that startups can build upon. Insider asked 22 top artificial-intelligence and machine-learning investors to nominate the early-stage generative-AI startups within this ecosystem they believe show the most promise.
☆ Inside the AI talent wars: Tech companies are ransacking university AI programs at Stanford, MIT, and Cornell in search of engineers
  + stars: | 2023-04-24 | by ( Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com   time to read: +11 min
Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.
☆ How Anthropic cofounder Daniela Amodei plans to turn trust and safety into a feature, not a bug
  + stars: | 2023-04-24 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +7 min
Amodei chatted with Insider about her approach to trust and safety and what the future holds for AI. However, the majority of Anthropic cofounder and president Daniela Amodei's career has been spent trying to prove the opposite: that trust and safety is a feature, not a bug. "It's an organizational structure question, but it's also a mindset question," she told Insider. In 2020, Amodei and six other OpenAI employees, including her brother Dario Amodei, left the company to start rival AI lab Anthropic. Throughout Anthropic's growth, the company has kept an interdisciplinary culture, with employees whose experiences range from physics to computational biology to policywriting, Amodei told Insider.
☆ VCs are scrambling to invest in AI startups in Y Combinator's latest class: 'There's hysteria for a reason'
  + stars: | 2023-04-24 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com   time to read: +5 min
VCs are scrambling to back the AI startups in Y Combinator's latest batch. Several generative AI startups have already secured funding from top firms, sources say. And while valuations are down across the board, YC AI startups are still hot. Startups focused on AI, and generative AI specifically, which saw a substantial jump in the latest batch, were some of the most highly sought after by investors. An AI feeding frenzyVC buzz was common across generative AI startups both in the application and infrastructure layers.
☆ Developer tool startups in Y Combinator's latest class are grabbing the attention of investors like Elad Gil and Google's Gradient Ventures. Here are 4 that have already landed funding.
  + stars: | 2023-04-20 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com   time to read: +4 min
Developer tool startups that were part of Y Combinator's latest class are drawing strong interest from several high-profile venture capitalists. Sequoia partner Lauren Reeder personally participated in the code review startup's recent funding round, according to a Sequoia spokesperson. That fundraising was at a $30 million post-money valuation, one person familiar with the deal said. Developer tool startups accounted for 26% of the companies in YC's winter 2023 batch, up from 16% of the summer 2022 class, according to the accelerator's startup directory. Have a tip on a startup funding round?
☆ How Anthropic cofounder and former journalist Jack Clark turned a chance meeting into an AI newsletter with over 34,000 subscribers
  + stars: | 2023-04-19 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +5 min
Jack Clark was a Bloomberg tech journalist in 2015 when he came across OpenAI for the first time. He was so inspired that he quit his job and dove into the world of AI, later cofounding Anthropic. Now, he writes Import AI, a weekly AI-focused newsletter that reaches over 34,000 subscribers. A "weird" newsletterA weekly newsletter, Import AI features detailed analyses on AI research papers, Clark's thoughts on current events, and AI-focused short fiction stories. He estimates that he's read around 4,000 research papers while writing Import AI — and more importantly, he jokes, spent over $6,000 in lattes due to his persistent habit of drinking multiple caffeinated beverages while writing each week.
☆ The Veteran Lawyers Who Will Lead the Prosecution of Donald Trump
  + stars: | 2023-04-14 | by ( Joe Palazzolo | Rebecca Ballhaus | ) www.wsj.com   time to read: 1 min
The team prosecuting Donald Trump in Manhattan is a mix of young lawyers and veterans, career officials and longtime criminal defense attorneys who recently returned to government work. The historic case against the former president will tap into their combined experience as they confront a singular defendant who tends to make fights personal. Mr. Trump, who is running for a second White House term, has derided District Attorney Alvin Bragg as an “animal” and a “psychopath” on social media and called for his resignation in a speech last week. He targeted one of the prosecutors on Mr. Bragg’s team by name on social media, falsely accusing him of being a plant by the Biden administration.
☆ Exclusive: AI startup LangChain taps Sequoia to lead funding round at a valuation of at least $200 million
  + stars: | 2023-04-13 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +4 min
AI startup LangChain is raising between $20 and $25 million from Sequoia, Insider has learned. The latest round scored the hot upstart a valuation of at least $200 million, according to sources. Just a week after announcing a $10 million seed investment from Benchmark, AI darling LangChain has scored even more capital from yet another top-tier VC. As an open-source project, LangChain is especially known for its strong community — one that Chase is personally involved in. Chase's dedication to openness and collaboration is a major differentiator for the founder's community, and therefore, his startup, Turow said.
☆ Y Combinator's latest class is a feeding frenzy for VCs looking to back AI startups: 'There's hysteria for a reason'
  + stars: | 2023-04-13 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com   time to read: +5 min
VCs are scrambling to back the AI startups in Y Combinator's latest batch. Several generative AI startups have already secured funding from top firms, sources say. And while valuations are down across the board, YC AI startups are still hot. Startups focused on AI, and generative AI specifically, which saw a substantial jump in the latest batch, were some of the most highly sought after by investors. An AI feeding frenzyVC buzz was common across generative AI startups both in the application and infrastructure layers.
☆ Inside the AI talent wars: Tech companies are ransacking university AI programs at Stanford, MIT, and Cornell in search of rare talent
  + stars: | 2023-04-12 | by ( Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com   time to read: +11 min
Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.
☆ What a Wrongful Detention Determination Means for Evan Gershkovich
  + stars: | 2023-04-11 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
Donald Trump's Path to Indictment: The Stormy Daniels Investigation A Manhattan grand jury voted to indict Donald Trump for his role in paying hush-money to a porn star. WSJ’s Joe Palazzolo walks through the allegations and events that have culminated in criminal charges against the former president. Photo: Associated Press
☆ Exclusive: Buzzy legal generative AI startup Harvey taps Sequoia to lead funding round at a $150 million valuation
  + stars: | 2023-04-11 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +3 min
Legal generative AI startup Harvey has raised a funding round from Sequoia, Insider has learned. This funding round landed the startup a $150 million post-money valuation. Industry-specific generative AI startups have emerged in nearly every industry, from healthcare to gaming, to offer specialized services beyond the capabilities of general models like OpenAI's GPT-4. Legal generative AI startup Harvey has raised a Series A round of funding at a $150 million post-money valuation from Sequoia Capital, according to three people with knowledge of the financing who were not authorized to speak publicly. The relatively few customers makes Harvey's valuation seem rich in comparison, the source said, pointing to a broader trend of elevated valuations and round sizes in the hyped-up generative AI space.
☆ 44 of the most promising generative-artificial-intelligence startups of 2023, according to VCs
  + stars: | 2023-04-10 | by ( Stephanie Palazzolo | Samantha Stokes | ) www.businessinsider.com   time to read: +2 min
We asked investors to name the most promising generative-AI startups of 2023. VCs were asked to name startups in their portfolios and ones with which they had no financial ties. This past year has seen doom and gloom for most of the tech world, but a small, rapidly growing group of startups have seen a renaissance. In the model layer, third-party and open-source providers like OpenAI and Stability AI train AI models that startups can build upon. Insider asked 22 top artificial-intelligence and machine-learning investors to nominate the early-stage generative-AI startups within this ecosystem they believe show the most promise.
☆ What a Wrongful Detention Determination Would Mean for Evan Gershkovich
  + stars: | 2023-04-09 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
Donald Trump's Path to Indictment: The Stormy Daniels Investigation A Manhattan grand jury voted to indict Donald Trump for his role in paying hush-money to a porn star. WSJ’s Joe Palazzolo walks through the allegations and events that have culminated in criminal charges against the former president. Photo: Associated Press
☆ Ex-Tabloid King Poses Threat to Donald Trump in Hush-Money Case
  + stars: | 2023-04-06 | by ( Joe Palazzolo | Rebecca Ballhaus | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ex-tabloid-king-poses-threat-to-donald-trump-in-hush-money-case-48da68f
☆ 11 podcasts every AI and machine learning enthusiast should listen to
  + stars: | 2023-04-06 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: 1 min
With the recent AI boom, many are looking to learn more about the complex field. These AI-focused podcasts cover the most important companies and people in the space. Insider rounded up the best AI podcasts based on recommendations from those in the industry. Over the past months and years, a number of AI-focused podcasts have emerged, covering everything from prominent academic research to up-and-coming startups to everyday applications of the technology. Here are the top podcast picks that every AI and machine-learning enthusiast should know:
☆ Vector database Chroma scored $18 million in seed funding at a $75 million valuation. Here's why its technology is key to helping generative AI startups.
  + stars: | 2023-04-06 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +4 min
Chroma helps manage vector embeddings, or numerical representations of data AI models can process. The startup raised $18 million in seed funding at a $75 million valuation led by Quiet Capital. The company recently closed a $18 million seed round led by Quiet Capital at a $75 million valuation. Originally, Chroma's tech aimed to serve machine learning engineers who were training and deploying AI models. Because this limits the model's context window, this approach tends to prevent hallucinations, or confident but incorrect responses from AI, Troynikov told Insider.
☆ Donald Trump Prepares to Surrender in Hush-Money Case
  + stars: | 2023-04-04 | by ( Joe Palazzolo | Corinne Ramey | ) www.wsj.com   time to read: 1 min
Former President Donald Trump is expected to turn himself in to New York authorities and make his first appearance in state court Tuesday to face criminal charges related to a hush-money payment to a porn star. Mr. Trump, who spent the night at Trump Tower, is expected to arrive midday at the Manhattan courthouse, where he will be formally booked and fingerprinted, as any other criminal defendant who surrenders in New York. But his case is anything but routine: No former president before Mr. Trump had been charged with a crime, and not since a police officer stopped Ulysses S. Grant for speeding in his horse-drawn buggy in 1872 has a current or former president been arrested.
☆ Bragg’s Case Against Trump Leaves Ample Defense Openings, Legal Experts Say
  + stars: | 2023-04-04 | by ( Jacob Gershman | Joe Palazzolo | ) www.wsj.com   time to read: 1 min
The criminal case against former President Donald Trump unsealed Tuesday could hinge on questions of criminal intent and untested interpretations of election law, according to criminal defense specialists. Manhattan District Attorney Alvin Bragg alleges Mr. Trump repeatedly violated New York’s business-records laws in trying to cover up a payment made to porn star Stormy Daniels in an attempt to buy her silence in the days before the 2016 presidential election.
☆ Case Against Donald Trump Leaves Defense Ample Openings, Say Legal Authorities
  + stars: | 2023-04-04 | by ( Jacob Gershman | Joe Palazzolo | ) www.wsj.com   time to read: 1 min
The criminal case against former President Donald Trump unsealed Tuesday could hinge on questions of criminal intent and untested interpretations of election law, according to criminal defense specialists. Manhattan District Attorney Alvin Bragg alleges Mr. Trump repeatedly violated New York’s business-records laws in trying to cover up a payment made to porn star Stormy Daniels in an attempt to buy her silence in the days before the 2016 presidential election.
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