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…

As an AI engineer at Meta, Boris Valkov helped build PyTorch, one of the world’s largest machine learning libraries. During his time there, Valkov realized that artificial intelligence “was about to unlock capabilities…in the application layer in the software stack.” He left Meta in late 2021 to start Lace AI, a startup that has developed AI-driven customer service software for home service companies. The path to entrepreneurship started when Valkov was a boy, working in the family grocery store business. It taught him the power of telephone customer service. As an adult, he began to look for ways to combine…

Hello and welcome to Eye on AI. In this edition…Trump restricts Nvidia’s H20 exports, but will the policy actually hobble China?…OpenAI contemplates a social network…faster RAG…and dolphin chat. Last week, Nvidia told investors it was taking a $5.5 billion charge to account for the impact of the Trump Administration’s decision to restrict the sale of the company’s H20 chips to China. Nvidia had created the H20 specifically for the Chinese market to get around export controls on Nvidia’s Hopper H100s and H200 chips and its newest Blackwell B100 and B200 chips. (The H20 is slower than an H100 for training…

Atkore, SoundHound AI, Unity, Carvana, and ThredUp Shares Are Soaring, What You Need To Know A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as “unsustainable,” and emphasized that a potential agreement between the two economic powers “was possible.” His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets. The stock market…

Meta is using AI technology to search for kids who are lying about their age on Instagram in order to bypass safeguards, the company announced on Monday. When Meta finds an account that it suspects belongs to a teen, the platform will enroll them into a restricted Teen Account, even if the account lists an adult birthday. Teen Accounts, which launched on Instagram last year, enroll young users into an app experience with built-in protections. The safeguards are applied to teens automatically, and limit who can contact a teen on the app and restrict the type of content the account…

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…