Tech investor Sean Parker leads rescue of struggling AI startup
6 months, 2 weeks ago

Tech investor Sean Parker leads rescue of struggling AI startup

Live Mint  

Investors including ex-Facebook President Sean Parker are committing $80 million to take over Stability AI, an image-generation startup that took off with the artificial-intelligence boom but quickly ran into business problems. Despite its problems, Parker said the company’s core technology remained popular, which gave him faith it could become financially successful. “Stability has an enormous amount of influence and distribution that we think is really difficult to rebuild," said Akkaraju, who also put money into the company. Akkaraju said Stability, which has a video-generation tool, could also start courting Hollywood producers and studios, an area where his prior work in visual effects could prove valuable.

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AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
3 days, 5 hours ago

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024

The Hindu  

Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year, compared to less than 10% a decade earlier. The enthusiasm …

AI image-generator startup Stability AI looks for reshoot with new CEO and investor group
6 months, 2 weeks ago

AI image-generator startup Stability AI looks for reshoot with new CEO and investor group

Associated Press  

LONDON — The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes Sean Parker, Facebook’s former president and Napster’s co-founder. The arrival of Stable Diffusion and its instantly created AI artwork and photorealistic images helped spark the public’s fascination with generative AI. …

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
8 months, 4 weeks ago

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors

Associated Press  

Amazon is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among startups and big technology companies. The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI Fund, will replace a seat vacated by Judy McGrath, a former CEO of MTV who told Amazon …

A Peter Thiel-backed AI startup, Cognition Labs, seeks $2 billion valuation
9 months, 1 week ago

A Peter Thiel-backed AI startup, Cognition Labs, seeks $2 billion valuation

Live Mint  

Cognition Labs, a startup developing an artificial intelligence tool for writing code, is in talks with investors to raise funding at a valuation of up to $2 billion, in a test of the investor frenzy around new AI technology. Silicon Valley venture firms including Founders Fund, already a shareholder in Cognition, are in talks to invest in the current round, …

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