Monthly Archives: May 2023

Kate Clark / The Information: Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation  —  Google is investing in Runway, a New York-based startup that lets customers generate video from text descriptions using artificial intelligence […]

Caroline O’Donovan / Washington Post: Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership  —  Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership

Hayden Field / CNBC: OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations  —  – AI hallucinations occur when models like OpenAI’s ChatGPT or Google’s Bard fabricate information entirely.

Liz Young / Wall Street Journal: Amazon is rolling out AI across 12 fulfillment centers to weed out damaged goods and says the tech is 3x as effective at spotting damage as a warehouse worker  —  Company expects artificial intelligence to reduce the number of damaged items moving through fulfillment […]

Jagmeet Singh / TechCrunch: Bengaluru-based Capillary Technologies, whose SaaS helps companies manage their loyalty programs, raised a $45M Series D, bringing its total funding to ~$150M  —  Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement …

Bloomberg: Evident: at some banks, about 40% of all open job roles are AI-related; JPMorgan advertised 3,651 AI-related roles from February 2023 through April 2023  —  Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios.  ING Group NV is screening for potential defaulters.

Ben Lang / Road to VR: Ultraleap unveils the $140 hand-tracking module Leap Motion 2, its first since the original in 2013, with support for standalone XR headsets; preorders open  —  The Daily Roundup Newsletter  —  Keep your finger on the pulse of the XR industry with the Daily Roundup, […]

Frederic Lardinois / TechCrunch: Cortex, which sells an internal developer portal for teams making software at scale, raised a $35M Series B led by IVP, taking its total funding to nearly $53M  —  Cortex, a startup building an internal developer portal that helps engineering teams build better software at scale […]

Enlarge / Samsung Display imagines its unfurling screen embodying future portable monitors. (credit: Samsung Display) Believe it or not, technology trade shows are a thing in 2023. There are huge exceptions, like the game industry’s previously annual E3 conference. But others, like the CES consumer tech show in Las Vegas […]

Mark Gurman / Bloomberg: Sources: Apple is testing two new high-end Macs, one with M2 Max, and the other with the unannounced M2 Ultra chip with 60 graphics cores and up to 192GB of RAM  —  Apple Inc. is testing a pair of new high-end Macs and their accompanying processors […]