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This Week in AI & Startups: Major Developments Across Products, Funding, and Global Strategies
- Google is working on Project Jarvis, an AI-powered browser assistant designed to automate online tasks.
- Meta is developing a proprietary AI-driven search engine to lessen its reliance on competitors like Google and Bing.
- GitHub announced an update to Copilot, empowering developers to select from multiple language models.
- OpenAI recently launched a web search feature within ChatGPT, transforming it into a real-time information hub.
- Elon Musk’s xAI is reportedly in discussions to raise billions in a new funding round, targeting a $40 billion valuation.
- Sierra, an AI-powered customer service chatbot platform, reached a $4.5 billion valuation after raising $175 million.
- Productivity and automation startup Read AI raised $50 million in a Series B round led by Smash Capital.
- Buddy.ai, an interactive AI tutor for children, raised $10.8 million to further its mission of providing accessible, personalized education.
- AI-powered financial analytics startup Auquan raised $4.5 million to advance its platform for automating complex financial workflows.
- Boardy, an AI-powered networking platform, secured $3 million in pre-seed funding led by HF0 Residency.
- OpenAI has partnered with Broadcom for design and TSMC for manufacturing to develop its first custom chip.
- Denmark recently unveiled Gefion, its first sovereign AI supercomputer, powered by NVIDIA’s DGX SuperPOD with 1,528 H100 Tensor Core GPUs.
- Costa Rica has become the first country to employ AI for refining its national brand, focusing on sustainability and environmental leadership.
- AI startups accounted for 33% of all VC funding into U.S.-based companies in the first nine months of 2024.
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