Defense-tech startup Smack Technologies has secured $61 million in funding to speed up production of its AI decision-making tools for the military. The tools are designed to help troops make quick decisions on the battlefield.
Google has purchased Spirit Airlines' old data for $10 million to improve its AI models. The deal was reported by Business Insider. The data will be used to develop and train AI models.
Anthropic PBC's revenue growth has driven the AI trade, with the company's second-quarter revenue jumping at least 14-fold compared to the same period last year. This growth has contributed to the increasing interest in AI technologies.
Researchers have proposed a new approach to AI reliability, called structural abstention, which involves a trusted kernel with a generative shell. This approach aims to prevent AI systems from providing inaccurate information.
Executives are focusing on AI reliability issues, with only 35% of leaders saying AI consistently delivers business outcomes. The issue is critical as AI becomes more widespread.
Key Takeaways
• Smack Technologies secures $61 million for AI-powered military tools.• Google buys Spirit Airlines' data for $10 million to improve AI models.
• Anthropic PBC's revenue growth drives AI trade.
• Researchers propose structural abstention for AI reliability.
• Executives highlight AI reliability issues.
• Burson acquires Limbik, a cognitive AI company.
• Tech companies tackle AI-generated content of poor quality.
• Extreme Networks rises on strong AI-driven results.
• US government wants allies to pick a side in AI race.
Smack raises $61 million for AI-powered military tools
Smack Technologies, a defense-tech startup, has secured $61 million in funding to speed up production of its AI decision-making tools for the military. The tools are designed to help troops make quick decisions on the battlefield. The funding will also be used to develop wearable AI hardware. Smack's technology has been used by the Marine Corps and has won several contracts.
Google buys Spirit Airlines data for AI model development
Google has purchased Spirit Airlines' old data for $10 million to improve its AI models. The deal was reported by Business Insider. The data will be used to develop and train AI models.
Researchers develop world model for market microstructure
Researchers have developed a world model for market microstructure using a sequential β-VAE with a GRU-based learned prior. The model can predict volatility and has been tested on crypto perpetuals data.
New approach to AI reliability
Researchers propose a new approach to AI reliability, called structural abstention, which involves a trusted kernel with a generative shell. This approach aims to prevent AI systems from providing inaccurate information.
US government wants allies to pick a side in AI race
The US government is reportedly preparing a letter asking its allies to choose between the US and China's AI frameworks. The letter warns that countries cannot support both frameworks.
Anthropic PBC drives AI trade
Anthropic PBC's revenue growth has driven the AI trade, with the company's second-quarter revenue jumping at least 14-fold compared to the same period last year.
Extreme Networks rises on strong AI-driven results
Extreme Networks' shares rose due to its strong AI-driven results, with the company's focus on delivering high-quality products and services.
Tech companies tackle AI slop
Tech companies, including Spotify and LinkedIn, are taking steps to remove and prevent AI-generated content that is of poor quality or irrelevant.
Executives highlight AI reliability issues
Executives are focusing on AI reliability issues, with only 35% of leaders saying AI consistently delivers business outcomes. The issue is critical as AI becomes more widespread.
Burson acquires Limbik
Burson has acquired Limbik, a cognitive AI company, to expand its AI capabilities and innovation portfolio.
Sources
- Pentagon pressure to move AI faster drives Smack's new funding round, CEO says
- Google buys Spirit Airlines data for AI model development
- A world model for market microstructure
- Never the Number: Structural Abstention for AI Systems Whose Answers Are Consumed as Fact
- The U.S. government wants allies to pick a side in the AI race
- US Stock Futures Rise as Anthropic Powers AI Trade: Markets Wrap
- Extreme Networks (EXTR) Rises on Strong AI Driven Results
- AI Slop Is Everywhere. Spotify, LinkedIn and Others Have Had Enough.
- Executives put the spotlight on AI’s reliability issue
- Burson Acquires Cognitive AI Company Limbik
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