Kyt Dotson – SiliconANGLE

Digital Currency Group plans to shut down institutional trading unit TradeBlock

Kyt Dotson — Fri, 26 May 2023 16:25:26 +0000

Venture capital conglomerate Digital Currency Group Inc. announced plans to close its TradeBlock subsidiary that provides cryptocurrency trade and prime brokerage services for institutional investors. According to a May 25 report from Bloomberg, the shutdown will officially be effective on May 31. “Due to the state of the broader economy and prolonged crypto winter, along with […]

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Arrington Capital-led group to acquire bankrupt Celsius Network assets

Kyt Dotson — Thu, 25 May 2023 17:10:04 +0000

Bankrupt cryptocurrency lender Celsius Network LLC will be reborn as a new company under the management of Fahrenheit LLC, a group of bidders led by investment group Arrington Capital, which won the bid to manage the company’s assets. Other members of Fahrenheit include the crypto mining firm US Bitcoin Corp., Proof Group, crypto entrepreneur Steven […]

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Worldcoin developer Tools for Humanity raises $115M led by Blockchain Capital

Kyt Dotson — Thu, 25 May 2023 16:10:03 +0000

Tools for Humanity, the developer behind the eyeball-scanning crypto startup Worldcoin, today announced a $115 million fundraise led by Blockchain Capital to accelerate the growth of its research and development and global reach. This news confirms a report earlier this month that Sam Altman, co-founder of Worldcoin and chief executive of artificial intelligence company OpenAI […]

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Solana Labs integrates ChatGPT plugin to connect blockchain to AI

Kyt Dotson — Wed, 24 May 2023 18:00:13 +0000

Solana Labs, the developer of the Solana blockchain, announced Tuesday that it has released a ChatGPT plugin that connects its blockchain technology with artificial intelligence that will allow users to query information from the network. ChatGPT is an artificial intelligence chatbot from OpenAI LP that can answer questions from users in conversational language. The company […]

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AI robotics firm Figure raises $70M to build robots with a human form

Kyt Dotson — Wed, 24 May 2023 16:40:39 +0000

Looking to disrupt the industry with humanoid-style bipedal AI-driven robots, Figure AI Inc. today announced that it has raised $70 million in a Series A round led by Parkway Venture Capital to drive its vision of commercializing a robotic workforce. Most workforce robots take on specific tasks based on single-function designs that do specific tasks extremely […]

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Adobe introduces ‘generative fill’ to Photoshop with its Firefly AI tool

Kyt Dotson — Tue, 23 May 2023 18:20:40 +0000

Adobe Inc. brought image-generating artificial intelligence directly into its flagship image editing tool Photoshop in beta as per an announcement today starting with “Generative Fill,” a capability that can modify photos and images with a simple text prompt. The new feature is powered by Adobe Firefly, a powerful image-creating AI model family. Users interact with […]

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Anthropic raises $450M to build powerful but trustworthy AI systems

Kyt Dotson — Tue, 23 May 2023 15:20:39 +0000

Artificial intelligence research startup Anthropic revealed today that it has raised $450 million in new funding led by Spark Capital to drive its continued work towards building helpful and trustworthy AI systems, including its Claude AI assistant that can perform conversational and text processing tasks. Launched in 2020, Anthropic has risen to become a well-known […]

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Microsoft boosts Windows developer productivity with Dev Home

Kyt Dotson — Tue, 23 May 2023 15:00:49 +0000

Windows 11 developers are getting a productivity enhancement today from Microsoft Corp. with a new feature announced at Microsoft Build 2023 called Dev Home: an open-source dashboard with a set of tools to act as a one-stop development companion. Microsoft says Dev Home will help streamline developer workflows by making it easy to connect tools […]

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Microsoft’s AI-powered Copilot is coming to Windows 11

Kyt Dotson — Tue, 23 May 2023 15:00:38 +0000

Windows 11 customers will soon get access to an artificial intelligence companion that can understand them and interact with their applications using OpenAI LP’s technology with Windows Copilot, Microsoft Corp. announced today at its Build developer conference. With Windows Copilot, users gain access to a generative AI that can understand natural language conversations and provide […]

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Report: Digital assets firm HashKey looks to raise $200M at $1B valuation

Kyt Dotson — Fri, 19 May 2023 16:05:23 +0000

Digital asset financial services company HashKey Group is in talks with investors to raise between $100 million and $200 million in funding as the company looks to take advantage of Hong Kong’s emerging role as a crypto hub, according to a Bloomberg report today. Although the details of the talks weren’t disclosed, the company is in […]

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1Password launches Passage to bring passkey support to apps and websites

Kyt Dotson — Thu, 18 May 2023 18:35:59 +0000

Password management software provider 1Password today released a new service Passage by 1Password that allows businesses to build passkey authentication directly into their own apps and websites. Passkeys are a type of passwordless authentication that relies on a user’s device, rather than a username and password combination, in order to provide access to online services. […]

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UK Treasury report asks government to regulate crypto as gambling

Kyt Dotson — Thu, 18 May 2023 15:20:46 +0000

Cryptocurrencies such as bitcoin and Ethereum should be regulated as gambling, according to a committee of lawmakers in the United Kingdom who claimed that the assets “pose significant risks to consumers.” The U.K. Treasury Select Committee released a report on Wednesday noting that tokens such as bitcoin are unbacked by any assets and therefore have […]

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Ripple acquires Metaco for $250M to diversify services into crypto custody

Kyt Dotson — Wed, 17 May 2023 17:50:05 +0000

Blockchain technology company Ripple Labs Inc. has bought the Switzerland-based digital asset custody and tokenization firm Metaco SA for $250 million, the company said in an announcement today. Metaco provides a platform for cryptocurrency and digital asset custody infrastructure for institutions to safely store tokens. Its primary service is Harmonize, which is an enterprise-grade offering designed […]

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Stability AI releases StableStudio to become an open-source platform for AI

Kyt Dotson — Wed, 17 May 2023 16:10:15 +0000

Stability AI Ltd. announced today that it’s going all-in on open source with the release of StableStudio, an open-source release of DreamStudio, the company’s premier interface for its art-generating artificial intelligence Stable Diffusion model. After its release, DreamStudio quickly became a one-stop-shop for accessing all of Stability AI’s text-to-image generating capabilities without the need for users […]

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Hippocratic AI launches with $50M to build a chatbot for healthcare

Kyt Dotson — Tue, 16 May 2023 18:40:46 +0000

There’s a newcomer artificial intelligence company on the block that wants to introduce the power of a conversational chatbot for the healthcare industry: Hippocratic AI, which just launched with $50 million in funding co-led by General Catalyst and Andreessen Horowitz. Founded by a group of physicians, hospital administrators, Medicare professionals and medical researchers, Hippocratic is named […]

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Zoom partners with Anthropic to add its Claude chatbot to its platform

Kyt Dotson — Tue, 16 May 2023 16:25:22 +0000

With the increasing proliferation of generative artificial intelligence in the market, videoconferencing and chat platform Zoom Communications Inc. partnered with Anthropic today to bring its Claude chatbot into Zoom’s product suite. Zoom intends to integrate the AI assistant with its products starting with its Zoom Contact Center, a combined unified communications and contact center services offering […]

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DOJ crypto enforcement director calls for crackdown on illicit behavior by exchanges

Kyt Dotson — Mon, 15 May 2023 16:45:48 +0000

The U.S. Department of Justice is increasing its efforts to stop illicit and criminal activities on crypto trading platforms, according to a report published by the Financial Times. Eun Young Choi, the director of the agency’s National Cryptocurrency Enforcement Team, said the DOJ intends to target crypto exchanges along with “mixers and tumblers,” which assist […]

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Report: OpenAI CEO Sam Altman in talks to raise $100M for Worldcoin crypto startup

Kyt Dotson — Mon, 15 May 2023 16:40:03 +0000

OpenAI LP Chief Executive Sam Altman is reportedly in advance talks to raise about $100 million in new funding for Worldcoin, an iris-scanning startup that seeks to build a globally distributed cryptocurrency. According to a report published by the Financial Times on Sunday, citing three people with knowledge of the deal, the company is currently in […]

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ChatGPT rival Anthropic’s Claude can now read a novel in under a minute

Kyt Dotson — Fri, 12 May 2023 16:55:02 +0000

OpenAI LP rival chatbot maker Anthropic said Thursday that it’s upgrading its own generative artificial intelligence with a much longer memory to take on the internet’s darlings ChatGPT and Google LLC’s Bard. Since its debut late last year, generative AI has caught the attention of users and businesses for its ability to hold humanlike conversations […]

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Wingcopter raises $44M from EU to scale drone deliveries across the globe

Kyt Dotson — Thu, 11 May 2023 20:25:23 +0000

Wingcopter GmBH, a German drone technology and services startup, today announced it has raised €40 million (about $44 million) in new funding from the European Investment Bank to expand production on its flagship drone hardware and take its delivery services into Europe and abroad. Founded in 2017, Wingcopter is the developer, manufacturer and operator of […]

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European legislators vote to impose tighter controls on AI

Kyt Dotson — Thu, 11 May 2023 17:30:45 +0000

European lawmakers today voted on amendments to the European Union’s “AI Act” draft legislation aimed at tightening regulations over generative artificial intelligence, including bans on biometric surveillance, predictive policing and expanded definitions of “high-risk AI.” Two legislative bodies joined to negotiate amended text for the AI Act, the International Market Committee and the Civil Liberties […]

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Google rolls out tools for developers to build machine learning and AI into their products

Kyt Dotson — Wed, 10 May 2023 20:00:01 +0000

Google LLC is rolling out a number of tools for developers to build machine learning and artificial intelligence into their applications using high-performance AI models and solutions. At Google I/O, the company’s annual developer conference, a number of new tools for TensorFlow were announced today. TensorFlow is a free, open-source software library for machine learning […]

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Android Studio gets a new AI-powered coding assistant named Studio Bot

Kyt Dotson — Wed, 10 May 2023 19:30:42 +0000

Google LLC today announced a number of new updates to Android Studio, the official integrated development environment for Android, including a new artificial intelligence-powered productivity assistant aimed at simplifying developers’ lives. The new AI assistant, named Studio Bot, was added into Android Studio Hedgehog, the canary build of Studio that incorporates experimental features. Studio Bot […]

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Google introduces generative AI for Workspace and Cloud with Duet AI assistant

Kyt Dotson — Wed, 10 May 2023 18:00:34 +0000

Google LLC has been moving swiftly to add artificial intelligence collaboration across its products, and today during its Google I/O developer conference, the company announced that people can collaborate with an AI assistant in Google Workspace. Google has embedded a generative AI called “Duet AI for Workspace” into Gmail, Docs, Slides, Sheets and Meet that […]

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Google Cloud launches new generative AI features for Vertex AI

Kyt Dotson — Wed, 10 May 2023 18:00:28 +0000

Google LLC’s cloud division today announced new features in its Vertex AI platform to help businesses use generative artificial intelligence in their own software by providing them with new tools to build and transform their own models. In today’s announcement at this year’s Google I/O, Google Cloud unveiled two major features, including a new foundation […]

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Google unveils PaLM 2, its most powerful general-purpose AI yet, to power Bard chatbot

Kyt Dotson — Wed, 10 May 2023 17:28:03 +0000

Artificial intelligence took the center stage today at Google LLC’s annual developer conference Google I/O with the unveiling of PaLM 2, the second iteration of the Pathways Language Model. It’s a transformer-based large language model artificial intelligence developed by Google Research that powers the company’s Bard AI chatbot and other products. PaLM 2 brings a number […]

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Google and OpenAI struggling to keep up with open-source AI, senior engineer warns

Kyt Dotson — Fri, 05 May 2023 16:20:36 +0000

Google LLC and ChatGPT developer OpenAI LP face increasing competition from open-source developers in the field of generative artificial intelligence, which may threaten to overcome them, a senior Google engineer warned in a leaked document. The engineer, identified as Luke Sernau by Bloomberg, published the document named “We Have No Moat and Neither Does OpenAI” […]

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Shopify cuts staff by 20% and sells logistics arm to Flexiport

Kyt Dotson — Thu, 04 May 2023 18:20:06 +0000

Shopify Inc., an e-commerce giant that builds platforms for the enterprise and small businesses, announced today that it’s laying off 20% of its workforce, affecting more than 2,000 employees, and will sell most of its logistics business to Flexiport Inc. This news comes less than a year after the company let go 10% of its […]

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Microsoft supercharges Bing Chat and Edge with new AI-powered features

Kyt Dotson — Thu, 04 May 2023 16:50:53 +0000

With the global phenomenon of generative artificial intelligence sweeping the industry, Microsoft Corp. today announced that it’s bringing new features to its Bing Chat AI-powered search designed to provide a richer search experience for users. Bing’s AI search has also been opened up to more people by moving it from a limited preview to open […]

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Salesforce builds generative AI features into Slack

Kyt Dotson — Thu, 04 May 2023 09:00:17 +0000

Salesforce Inc. today announced that its collaboration platform Slack will be getting native conversational artificial intelligence integration with Slack GPT, building the AI directly into the chat interface. With Slack GPT the new features will use generative AI and the ability to access company customer data directly from Salesforce’s customer relationship management systems such as […]

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