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Reportedly, Adobe has acquired the text-to-video AI platform known as Rephrase.
As the five-day power struggle at OpenAI reaches its conclusion with Sam Altman’s reinstatement, Adobe is gearing up to enhance its generative AI capabilities. According to a report from the Economic Times, the software giant has internally announced its acquisition of Rephrase, a California-based company specializing in text-to-video technology. While the exact financial details of […]
OpenAI, rising from adversity, faces a significant challenge despite Sam Altman’s comeback
The OpenAI power struggle that has gripped the tech world since the removal of co-founder Sam Altman has finally come to a resolution, at least for now. But what does it all mean? It almost feels like we should be eulogizing OpenAI, as if it has undergone a transformation where the old organization has given […]
Microsoft introduces Orca 2, consisting of two compact language models that surpass their larger counterparts in performance.
In the midst of the ongoing power struggle and mass resignations at OpenAI, Microsoft, a long-standing supporter of AI research, continues to advance its AI initiatives without slowing down. Today, the research division of Microsoft, led by Satya Nadella, unveiled Orca 2, a pair of compact language models that demonstrate remarkable performance, surpassing much larger […]
Nvidia introduces its AI foundry service on Microsoft Azure, featuring the latest Nemotron-3 8B models.
Nvidia is strengthening its collaborative approach with Microsoft. During the Ignite conference, hosted by the Satya Nadella-led tech giant, Nvidia unveiled an AI foundry service aimed at assisting both enterprises and startups in building custom AI applications on the Azure cloud. These applications can leverage enterprise data through retrieval augmented generation (RAG) technology. Jensen Huang, […]
Interplay Raises $45 Million for Its Third Fund, Concentrating on B2B Marketplaces and Specialized Software
Interplay, a venture capital firm headquartered in New York, has successfully completed its third funding round, amassing $45 million. This latest fund follows two earlier rounds focusing on early-stage investments, particularly in software sectors like B2B marketplaces and specialized vertical software. We previously reported on Interplay in 2022 during its separate funding initiative. Mark Peter […]