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Weekly #FIRGUN Newsletter – October 25 2024
- Firgun is an informal modern Hebrew term and concept which describes genuine, unselfish delight or pride in the accomplishment of the other person.
- It’s been a slower news week in Israeli startups due to the holidays of Sukkot and Simchat Torah.
- Anthropic upgraded Claude 3.5 Sonnet and plans to release its next big AI model by December.
- OpenAI introduced “Voice mode”, published a paper on the new continuous-time consistency model (sCM) that increases AI capabilities by 50 times, and plans to release its next big model, codename: Orion by December.
- General Catalyst raised a new $8 billion venture fund, the largest amount by a US VC firm in more than two years.
- Google released SynthID Text, which allows developers to watermark and detect text generated by AI models. The company also introduced MusicFX DJ and Music AI Sandbox, a suite of experimental music tools which can streamline creation.
- Runway launched Act-One, Ideogram released new Canvas photo editing software, OpenAI launched Voice mode, Perplexity released Reasoning Mode and Genmo released open source AI video Mochi 1.
- Congrats to Tomer Shussman and team OneStep raised a $36M series B, Roey Dor and team Obligo secured a $35M series C, Or Shoshani and team Stream.Security raised a $30M series B, Omer Slavin and team BiltOn raised $15M series A, as well as Raz Zohar and team Mave raised their $2 pre-seed funding for AI assistant.
- Gili Raanan and team Cyberstarts raised their fourth $60M fund to invest in seed stage Israeli cybersecurity startups.
- Former CEO of Sodastream offered Gazans $100,000 for every live hostage released.
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