AI news and funding updates from the last 24 hours(27th Feb 2025):
✅ Amazon
- Alexa+ Launch: Amazon introduced Alexa+, a next-gen assistant powered by Anthropic’s Claude, free for Prime members. It integrates with Amazon Bedrock LLMs, features "experts" for various services, and includes AI-driven document summarization.
- Alexa+ Pricing & Features: The premium version will cost $19.99/month, with early access on select Echo devices. New features include "Explore with Alexa" and "Stories with Alexa" for kids.
- AI Model Strategy: Alexa+ operates on a model-agnostic system, selecting the best AI model (including Nova and Anthropic models) for each query.
✅ Microsoft
- Phi-4 SLMs: Launched Phi-4-multimodal (5.6B parameters) and Phi-4-mini (3.8B parameters), optimized for resource-constrained environments, multimodal reasoning, and long-sequence processing.
✅ Infosys
- Project Development Centre in Guwahati: Opened a 230-member tech center, supporting Assam’s IT growth strategy.
✅ Snowflake
- OpenAI Integration: Snowflake is integrating OpenAI’s newest models into its Cortex AI platform, making it the only platform hosting both OpenAI and Anthropic models.
- Financial Growth: Reported 28% YoY growth, targeting $4.28 billion revenue in 2026.
✅ ElevenLabs
- Scribe Launch: Released Scribe, a speech-to-text model supporting 99 languages, outperforming competitors in accuracy. Future plans include a low-latency real-time version.
✅ Tech Mahindra & Qualcomm
- IndusQ LLM Integration: Tech Mahindra’s IndusQ LLM will integrate with Qualcomm AI Hub, enhancing on-device AI capabilities and supporting Hindi & 37 dialects.
✅ DeepLearning.AI
- New Course: Launched a free AI-powered app development course using Codeium's Windsurf platform.
✅ Hume AI
- Octave TTS Model: Released Octave, an expressive text-to-speech LLM, surpassing ElevenLabs in human preference tests.
✅ Krutrim
- Hiring Expansion: India’s first AI unicorn is expanding global AI hiring across Palo Alto, San Francisco, Singapore, and Bengaluru after a ₹2,000 crore investment.
✅ New Relic & ServiceNow
- AI Integration: Partnered to integrate AI-driven observability insights into ServiceNow. Introduced "Predictions", a feature using ML to forecast IT issues.
✅ upGrad
- AI Incubator: Investing ₹100 crore to fund and acquire early-stage AI startups, focusing on AI-driven education and skilling.
✅ AWS
- Ocelot Quantum Chip: AWS unveiled Ocelot, a quantum chip that reduces error correction costs by 90%, using a cat qubit architecture.
✅ Unique
- $30M Series A Funding: Swiss startup Unique raised $30 million to develop agentic AI for financial services, automating research, compliance, and KYC processes.
✅ Apple
- iPhone 16e Launch: Introduced iPhone 16e ($599), featuring the A18 chip for Apple Intelligence, but lacking Dynamic Island, MagSafe, and higher screen brightness.
✅ Lonestar & Phison
- Lunar Data Center: Launched the first lunar SSD-based data center with SpaceX, targeting secure, off-world storage solutions.
✅ Nvidia
- Earnings & AI Strategy: Reported record $39.3B revenue, with data center sales doubling. CEO dismissed concerns over DeepSeek R1, stating AI reasoning models will drive more demand for Nvidia chips.
✅ Stanford (Inception)
- Diffusion-Based LLMs: Startup Inception unveiled a diffusion-based LLM (DLM), claiming 10x speed & cost efficiency over traditional LLMs.
✅ Continue
- $3M Seed Funding & Open-Source AI Coding Assistant: Launched version 1.0 of its AI coding assistant, allowing customizable development workflows.
✅ Bridgetown Research
- $19M Funding for AI Due Diligence: Developed AI agents for automated investment due diligence, reducing analysis time to 24 hours.
✅ Other News
- LossFunk & IIT Roorkee: Developed Implicit Preference Optimization (IPO), a new AI alignment method eliminating the need for external reward models.