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Stability AI releases ChatGPT-like language models
Stability AI, the startup behind the generative AI art tool Stable Diffusion, today open sourced a suite of text-generating AI models intended to go head to head with systems like OpenAI’s GPT-4. Called StableLM and available in “alpha” on GitHub and Hugging Face, a platform for hosting AI models and code, Stability AI says that […]
Apr 19, 2023
Generative AI startup Writer raises $200M at a $1.9B valuation
Writer has raised $200 million at a $1.9 billion valuation to expand its enterprise-focused generative AI platform. The Series C round was co-led by Premji Invest, Radical Ventures and ICONIQ Growth, with participation from Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures and Workday Ventures. Writer CEO May Habib says the new cash, which brings the startup’s total raised to $326 million, will be used for product development and “cementing the company’s leadership in
Nov 12, 2024
Generative AI funding reached new heights in 2024
If there was any doubt, the generative AI bubble did not burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide raised $56 billion from VCs in 2024 across 885 deals. That raw cash total is a new record for the segment. It’s up 192% from 2023
Jan 3, 2025
Runway, a startup building generative AI for content creators, raises $141M
It’s a big day for generative AI funding. On the heels of Inflection AI landing a $1.3 billion investment, Runway, a startup building generative AI tools for multimedia content creators, today announced a $141 million extension to its Series C round from Google, Nvidia and Salesforce, among others. Building on the Series C the company […]
Jun 29, 2023