Author: advancedainews

(Reuters) -AI video startup Runway said on Thursday it had raised $308 million in a new funding round, led by private equity firm General Atlantic, to expand its new media ecosystem. The latest funding round valued the New York-based company at over $3 billion, according to people familiar with the matter, but Runway declined to comment on the valuation. With the latest fundraise, the startup plans to develop AI research for new media focusing on its AI film and animation studio using world simulators. A world model is an AI system that builds an internal representation of an environment, and…

(Reuters) – Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in the private funding market. Terms of California-based Scale AI’s tender offer, where investors and/or the company buy shares from existing shareholders, are being discussed and the final…

CXone Mpower highlighted for delivering true end-to-end workflow automation for customer service HOBOKEN, N.J., April 17, 2025–(BUSINESS WIRE)–NICE (Nasdaq: NICE) today announced that it has been named a Leader in the 2025 Aragon Research GlobeTM for AI Agent Platforms in the Intelligent Contact Center report. The Globe identified NICE for its strengths, notably its CXone Mpower AI platform orchestrating customer service workflows, agents and knowledge at impressive scale and precision driving predictive, proactive and personalized interactions. NICE recently introduced CXone Mpower Orchestrator, a groundbreaking solution that leverages AI to proactively analyze, optimize and automate customer-service workflows for high-value use cases…

BANGKOK (AP) — Shares were mostly lower Wednesday in Asia after a rare quiet day on Wall Street and in other global financial markets. U.S. futures and oil prices also fell. Also, chip maker Nvidia’s shares fell 6.3% in after-hours trading after it said the U.S. had imposed stricter controls on its exports of one of its computer chips designed for use in artificial intelligence. Stocks in China led the regional declines after the Chinese government reported the world’s second largest economy grew at a strong 5.4% annual rate in the last quarter, helped by strong industrial production, retail sales…

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. In the face of increasing generative AI-based deepfake attacks, banks must fight fire with fire and invest more in artificial intelligence themselves, Federal Reserve Gov. Michael Barr said Thursday. Banks must evolve their use of AI to thwart deepfake attacks with the use of facial recognition, voice analysis and behavioral biometrics, he said during a New York Fed event, and technical solutions can be used to detect subtle inconsistencies that point to the use of AI in audio…

Though Ann Bordetsky’s life started in Chelyabinsk, located in Russia’s Ural Mountains, by 11, her family had moved to Columbia, S.C. “When you grow up in an immigrant family, your entire life is kind of a startup,” she said. So it perhaps was natural that after spending the first part of her career in policy in Washington, D.C., she gravitated to startups. Bordetsky held business development leadership roles at both Twitter and Uber during each company’s rise. She ultimately joined NEA as a partner in 2021, where she now focuses on consumer AI investments. “For me, the through line has…

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. (TSM) listed the challenges of ensuring export control compliance by its customers, months after the company’s artificial intelligence silicon was found to have flowed to US-sanctioned Huawei Technologies Co. via intermediaries. Most Read from Bloomberg “TSMC’s role in the semiconductor supply chain inherently limits its visibility and information available to it regarding the downstream use or user of final products that incorporate semiconductors manufactured by it,” the Hsinchu, Taiwan-based company said in its latest annual report released on Friday. The world’s largest contract chipmaker said the constraint impedes its ability to prevent unintended end-uses…

This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Kia is rolling out its new generative AI-powered voice recognition system called “AI Assistant” on the electric EV3 in Europe, the automaker announced in an press release April 16. The new AI Assistant allows EV3 drivers to have natural, context-aware conversations with their vehicle, which includes the ability to ask open-ended questions and learn more about various vehicle functions. The feature is activated via a steering wheel button or by speaking the phrase “Hey Kia.” Kia’s AI Assistant…

Automation Software Q4 Earnings: SoundHound AI (NASDAQ:SOUN) is the Best in the Biz Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SoundHound AI (NASDAQ:SOUN) and the best and worst performers in the automation software industry. The whole purpose of software is to automate tasks to increase productivity. Today, innovative new software techniques, often involving AI and machine learning, are finally allowing automation that has graduated from simple one- or two-step workflows to more complex processes integral to enterprises. The result…

Sooner or later, the AI industry will consolidate. Which companies among today’s AI unicorns will survive the shakeout, which will be subsumed into larger companies, and which will perish is, of course, impossible to know. But the wide-ranging views regarding the current crop of high-flying AI startups are instructive in their own right, providing a useful gauge of industry and investor expectations. A few weeks ago, we sent out a call for your predictions as to how the largest AI startups will fare over the next one to five years. And dozens of people got back to us, with some…