Months-old startup Cognition AI has emerged from stealth mode with Devin, a generative platform it is calling “the world’s first fully autonomous AI software engineer.” Although Cognition has yet to make Devin widely available, much less allow independent testing, if its claims are true it would mark a turning point in the AI coding space, moving it from a field of AI assistants to a full-fledged AI engineer. Based on natural language instruction, Devin could potentially take a project from concept to execution rather than simply suggesting code snippets or offering barebones frameworks. Continue reading Startup Cognition Launches AI Software Coding Engine Devin

Nearly $30 billion was spent on NFTs last year, according to analytics firm Chainalysis, and one of the companies that’s benefitted from the boom is OpenSea. The firm has a $13 billion valuation thanks to its well-timed entry into the hot new sector, becoming one of the biggest NFT marketplaces in the world. With success has come headaches, as scam artists began to target NFTs and the people who buy and sell them. Now the four-year-old New York firm and other marketplaces are struggling to find a balance between boomtown and lockdown. Continue reading Cybercriminals Target NFTs on OpenSea, Other Marketplaces

In Silicon Valley, some tech companies, investors and venture capital firms are relocating to cities with lower costs and less traffic. Oracle is pulling up stakes in Redwood City, California and heading to Austin, Texas, saying it plans to implement remote-work policies. Hewlett Packard Enterprise is moving its headquarters to Houston, Texas, where Elon Musk, long a Los Angeleno, has also moved. Although the reasons for leaving vary, many relocations seem to have been triggered by rising costs and the COVID-19 pandemic. Continue reading Pandemic, Rising Costs Ignite Tech Exodus From Silicon Valley

San Francisco-based AI Foundation, founded in 2017 by Rob Meadows and Lars Buttler, just closed a series B round for $17 million together with Mousse Partners, You & Mr. Jones, Founders Fund, Alpha Edison and Stone. The foundation previously closed a series A funding of $10.5 million in September 2018. The AI Foundation is both a commercial artificial intelligence company and nonprofit enterprise with the mission of bringing “the power and protection of AI to everyone in the world so they can participate fully in the future.” Continue reading AI Foundation Plans to Scale Platform with Series B Funding

OpenAI’s Generative Pre-trained Transformer (GPT), a general-purpose language algorithm for using machine learning to answer questions, translate text and predictively write it, is currently in its third version. GPT-3, first described in a research paper published in May, is now in a private beta with a select group of developers. The goal is to eventually launch it as a commercial cloud-based subscription service. Its predecessor, GPT-2, released last year, was able to create convincing text in several styles. Continue reading Beta Testers Give Thumbs Up to New OpenAI Text Generator

Computer-generated influencers have arrived. The glamorous all-digital Miquela Sousa (also known as Lil Mequela), which was created by Los Angeles-based startup Brud, has been the star of an Ugg advertising campaign, appearing on billboards around the world. Brud believes it can create CGI social media stars that are easier to manage and monetize than human celebrities. It’s not alone in its efforts; Soul Machines, which has debuted dozens of digital humans, is launching its Digital DNA platform to make it easier to create virtual avatars. Continue reading Computer-Generated Photoreal Influencers, Avatars Are Here

Hive, a startup founded by Kevin Guo and Dmitriy Karpman, trains domain-specific artificial intelligence models via its 100 employees and 700,000 workers who classify images and transcribe audio. The company uses the Hive Work smartphone app and website to recruit the people who label the data, and recently introduced three products: Hive Data, Hive Predict, and Hive Enterprise. Shortly after the product launch, Peter Thiel’s Founders Fund and other venture capital firms invested $30 million in the startup. Continue reading Hive Builds Tailored AI Models via 700,000-Person Workforce

Facebook has decided to take a page from the book of HQ Trivia, an app hosted by “quiz daddy” and comedian Scott Rogowsky that focuses on live-streamed multiple choice questions and other gimmicks. The Silicon Valley company launched tools aimed at Facebook Live content creators that will let users interact with shows rather than simply passively viewing them. The new Interactive Show Experiences will let publishers and content developers add polls, multiple choice options, cash prizes and player eliminations to their videos. Continue reading Facebook Launches New Toolset for Live Interactive Games

Tesla founder Elon Musk has launched a new company, Neuralink Corp., to dig deep into so-called neural lace technology that would merge the human brain with artificial intelligence. Musk already heads up two complex businesses. At Tesla, he is under pressure to deliver the Model 3, priced at $35,000, on time. At SpaceX, the ambitious plan is to launch both a satellite-based Internet business and a rocket to carry humans to Mars. Max Hodak, who founded robotic startup Transcriptic, is a member of Neuralink’s founding team. Continue reading Elon Musk’s Neuralink Corp. Seeks to Enhance Brains with AI