Astromech Secures $30 Million for AI and Biotechnology Venture
Astromech, co-founded by Ben Lamm and George Church, has raised $30 million to explore AI applications in biotechnology.
Stay up to date with the latest developments in artificial intelligence.
Astromech, co-founded by Ben Lamm and George Church, has raised $30 million to explore AI applications in biotechnology.
Apple has introduced FastVLM, a new AI model for video captioning that provides near-instant image processing, available for Apple Silicon devices.
Abu Dhabi-backed G42 is diversifying its chip suppliers for a UAE-US AI campus, engaging with major tech firms for collaboration.
Mount Sinai researchers have developed an AI model that personalizes anticoagulation treatment for atrial fibrillation patients, potentially transforming clinical decision-making.
LayerX, a Japanese AI SaaS startup, has raised $100 million in a Series B funding round led by Technology Cross Ventures to expand its back-office automation solutions.
Salesforce has cut 4,000 customer support positions, reducing its workforce from 9,000 to 5,000, as AI agents now handle half of customer interactions.
Researchers at Imperial College London have developed an AI-powered stethoscope capable of diagnosing heart conditions in seconds, according to The Guardian.
Bioneex's AI-powered platform has enabled a Stanford-founded biotech to identify a promising brain-penetrant therapeutic candidate for neurodegenerative diseases.
Binsera Corporation has introduced the world's first offline-capable cloud EHR platform, featuring integrated PACS imaging and AI-driven automation, aimed at enhancing healthcare delivery.
Alibaba reported a 26% increase in cloud revenue, driven by AI, despite missing overall revenue estimates. The company's cloud segment outperformed expectations, while e-commerce growth lagged.
The global Ultrasound AI Market is projected to grow from $2.35 billion in 2025 to $6.88 billion by 2030, driven by advancements in AI and machine learning, according to MarketsandMarkets.
OpenAI is considering building a 1GW data center in India as part of its Stargate AI infrastructure expansion in Asia, with CEO Sam Altman expected to announce more details during his visit to the country.
Meta is considering partnerships with Google and OpenAI to enhance AI features in its applications, while continuing to develop its own models.
The White House has reportedly instructed the General Services Administration to approve xAI's Grok chatbot for federal use, despite previous controversies.
Nvidia reported that nearly 40% of its Q2 revenue came from two unidentified customers, highlighting a significant concentration of its sales.
Scout AI has been awarded a contract under the U.S. Army's Unmanned Systems initiative to integrate its Fury autonomy platform onto Infantry Squad Vehicles.
Alibaba is testing a new AI chip as part of China's efforts to reduce reliance on U.S. technology, following tightened export restrictions on Nvidia's H20 chip.
Paubox has launched a generative AI-powered email security solution to enhance protection against sophisticated cyber threats in healthcare, as announced in a press release.
Reliance Industries has announced strategic partnerships with Google and Meta to develop AI infrastructure and solutions in India, focusing on enterprise tools and services.
Novacore Innovations has deployed India's first GPU cloud platform powered by NVIDIA Blackwell servers, marking a significant milestone for the country's AI infrastructure.