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San Francisco Leads AI Startup Boom, Attracting Founders Worldwide
San Francisco is emerging as the preferred destination for startups, including those outside the AI sector, thanks to its unparalleled concentration of tech talent and investor capital. Data shared exclusively with TechCrunch by VC firm SignalFire reveals that the San Francisco Bay Area houses 49% of all big tech engineers and 27% of startup engineers […]
CodeRabbit Secures $16M to Revolutionize Code Reviews with AI
CodeRabbit, a company focused on automating code reviews using artificial intelligence, has secured $16 million in Series A funding, bringing its total raised to nearly $20 million. The investment round, led by CRV with participation from Flex Capital and Engineering Capital, will support the expansion of CodeRabbit’s sales, marketing, and product offerings, including enhancements to […]
Midjourney Launches Unified AI Image Editor with New Precision Tools
Midjourney has unveiled a new unified AI image editor on its website, marking a significant enhancement in the tools available to its users. The updated web editor consolidates various features, including inpainting, canvas extension, and more, into a single, streamlined interface. This development arrives as competition within the AI image generation space intensifies, particularly from […]
Groq Secures $640 Million to Lead AI Inference with New LPUs
Groq, an AI inference technology leader, has successfully raised $640 million in a Series D funding round, a development that marks a significant shift in the artificial intelligence infrastructure landscape. This latest investment, which values the company at $2.8 billion, was spearheaded by BlackRock Private Equity Partners and saw contributions from Neuberger Berman, Type One […]
South Korea’s LG Introduces Advanced Open-Source AI
LG AI Research has introduced Exaone 3.0, South Korea’s inaugural open-source artificial intelligence model, positioning the country in the competitive global AI market, traditionally dominated by U.S. tech firms and emerging players from China and the Middle East. The model, featuring 7.8 billion parameters, is designed to excel in both Korean and English language tasks. […]