Reddit Hopes to Raise $748M in IPO Aimed at $6.4B Valuation

Reddit is moving ahead with its IPO and plans to raise between $682 million and $748 million on a fully diluted valuation of between $5.8 billion and $6.4 billion. Although no date has been announced, the IPO is expected to take place sometime this month. According to a Securities and Exchange Commission filing Monday, Reddit says it will offer 22 million 15.3 million Class A common shares and 6.7 million insider shares from investors including CEO Steve Huffman and COO Jen Wong. Pricing will be between $31 and $34 per share. The proposed market cap is $4.9 billion to $5.4 billion. Continue reading Reddit Hopes to Raise $748M in IPO Aimed at $6.4B Valuation

Pika Taps ElevenLabs Audio App to Add Lip Sync to AI Video

On the heels of ElevenLabs’ demo of a text-to-sound app unveiled using clips generated by OpenAI’s text-to-video artificial intelligence platform Sora, Pika Labs is releasing a feature called Lip Sync that lets its paid subscribers use the ElevenLabs app to add AI-generated voices and dialogue to Pika-generated videos and have the characters’ lips moving in sync with the speech. Pika Lip Sync supports both uploaded audio files and text-to-audio AI, allowing users to type or record dialogue, or use pre-existing sound files, then apply AI to change the voicing style. Continue reading Pika Taps ElevenLabs Audio App to Add Lip Sync to AI Video

GitHub Copilot Enterprise in General Release at $39 Monthly

GitHub Copilot Enterprise is being released for general availability for $39 per month. Calling the tool GitHub’s “most advanced AI offering to date,” the company says it can be customized to an organization’s knowledge and codebase, placing “the institutional knowledge of your organization at your developers’ fingertips.” Infusing GitHub Copilot Enterprise throughout a company’s software development lifecycle lets team members “ask questions about public and private code, get up to speed quickly with new codebases and build greater consistencies across engineering teams” while ensuring everyone access to the same standard codebase. Continue reading GitHub Copilot Enterprise in General Release at $39 Monthly

Slack AI Brings Generative Features to Channels and Threads

Slack AI is a new paid add-on for enterprise clients that want to boost productivity using artificial intelligence. Generative capabilities in the initial release include personalized responses to questions, channel recaps and thread summaries that promise to “catch you up on long conversations in one click.” Slack says pilot data indicated customers including Uber and Anthropic “could save an average of 97 minutes per user each week using Slack AI to find answers, distill knowledge and spark ideas.” Slack AI is backward compatible, generating information based on the history built over time on the platform. Continue reading Slack AI Brings Generative Features to Channels and Threads

Cisco and Nvidia Team to Offer Help Developing In-House AI

Nvidia and Cisco Systems want to simplify the process of creating in-house AI computing infrastructure with a new joint service offering end-to-end artificial intelligence solutions that aim to allow any enterprise firm to host its own AI data center. Along with its own networking gear, Cisco will globally broker Nvidia AI software and GPU cloud products along with jointly configured “purpose-built Ethernet networking-based solutions.” European cloud services provider ClusterPower is an early customer, using the new offering “to help drive data center operations with innovative AI/ML solutions.” Continue reading Cisco and Nvidia Team to Offer Help Developing In-House AI

Apple Pushes Immersive Entertainment for Vision Pro Headset

Apple’s Vision Pro launches February 2 with pre-orders starting today. The mixed reality headset will have more than 150 3D movies available at launch, including content from Disney+ and Amazon Prime Video, as well as “immersive originals,” Apple says. While the company is positioning the $3,500 headset as “the ultimate entertainment device,” touting mind-blowing specs and a transformative experience, gaming currently drives an estimated 30 percent of immersive hardware revenue and non-gaming entertainment accounts for only 8 to 13 percent. Apple’s announcement focuses more on TV, movies, and sports than the Apple Arcade game hub. Continue reading Apple Pushes Immersive Entertainment for Vision Pro Headset

CES: Getty Rolls Out iStock Generative AI Powered by Nvidia

Getty Images and Nvidia are expanding their AI partnership with the addition of the text-to-image platform Generative AI by iStock, designed to produce stock photos that can be used by individuals or enterprise customers. Built on Nvidia Picasso, a foundry for custom AI models, and trained exclusively on data from Getty Images’ proprietary creative libraries, Generative AI by iStock “has been engineered to guard against generations of known products, people, places or other copyrighted elements,” Getty explains, adding that “any licensed visual that a customer generates comes with iStock’s standard $10,000 USD legal coverage.” Continue reading CES: Getty Rolls Out iStock Generative AI Powered by Nvidia

CES: Breakthroughs in XR Address Adaption and Accessibility

While entertainment and telepresence are considered the most clear uses for virtual reality (VR), mixed reality (MR) and augmented reality (AR), several developers at CES 2024 demonstrated why in the short term, it may be that counterintuitive uses of extended reality (XR) as assistive technologies for visually impaired people provide the best case for its existence. The show demonstrated impressive ways to address macular degeneration, to assist in outdoor activities and to “read the room.” Two particular companies — Ocutrx and Lumen — showcased interesting headsets that may also point to a variety of entertainment, military, medical and enterprise applications. Continue reading CES: Breakthroughs in XR Address Adaption and Accessibility

Apple Vision Pro Headset Available to U.S. Market February 2

Apple has set a February 2 release date for the much-anticipated Vision Pro mixed reality headset, with preorders to begin January 19. The $3,500 device (plus $149 for prescription lenses) will be available to U.S. buyers at all Apple Store locations and through the Apple Store online. News of the company’s first new product since the Apple Watch in 2015 sent Apple shares up 7.74 percent by market close, even though the device is at this point (and price) aimed at enterprise customers. The headset has 256 GB of storage and runs on Apple’s new visionOS, the company’s first spatial operating system. Continue reading Apple Vision Pro Headset Available to U.S. Market February 2

Intel, DigitalBridge Launch GenAI Software Firm for Enterprise

Intel has teamed with Florida-based investment firm DigitalBridge to launch Articul8, an independent company catering to the GenAI software needs of enterprise customers by offering secure, vertically-optimized full-stack solutions. Intel says the GenAI system can read text and images. It was reportedly developed by Intel to meet the security needs of Boston Consulting Group to run in its data centers, and later scaled for general enterprise use. Articul8 aims to keep customer data, training and inference “within the enterprise security perimeter,” Intel notes, adding that customers can choose between cloud, on-premise or hybrid deployment. Continue reading Intel, DigitalBridge Launch GenAI Software Firm for Enterprise

Stability AI Is Offering Paid Membership for Commercial Users

As the pressure ratchets up for AI companies to go beyond the wow factor and make money, Stability AI has formalized three subscription tiers as it seeks to expand commercial use of its open-source, multimodal core models. The Stability AI Membership offerings include a free tier for personal and research (i.e., non-commercial) use, a professional tier that costs $20 a month, and a custom-priced enterprise tier for large outfits. The company says that with the three tiers it is “striking a balance between fostering competitiveness and maintaining openness in AI technologies.” Continue reading Stability AI Is Offering Paid Membership for Commercial Users

Intel Unveils AI-Driven Chips to Compete with Nvidia and AMD

Intel formally launched its new Core Ultra CPUs and related products this week at its AI Everywhere event. The company shared new solutions ranging from the data center to the cloud edge and PC. Intel’s new mobile processors are part of its Meteor Lake lineup, all of which will now bear the Ultra imprimatur instead of the “I,” promising greater power efficiency and performance. At the New York City event, Intel CEO Pat Gelsinger said “AI innovation is poised to raise the digital economy’s impact up to as much as one-third of global gross domestic product.” Continue reading Intel Unveils AI-Driven Chips to Compete with Nvidia and AMD

AMD’s New AI Chips Get Welcome Reception from Enterprise

AMD is coming to market with a new slate of chips optimized for artificial intelligence, including the AMD Instinct MI300 Series data center AI accelerators, ROCm 6 open software stack with new features for large language models, and Ryzen 8040 Series processors with Ryzen AI. The new offerings have received a welcome reception from customers including Microsoft, Oracle, Meta Platforms and Dell, among others that can benefit from building a strong network of suppliers of AI chips. The market is currently dominated by Nvidia, which is challenged to meet existing demand. Continue reading AMD’s New AI Chips Get Welcome Reception from Enterprise

Runway Teams with Getty on AI Video for Hollywood and Ads

The Google and Nvidia-backed AI video startup Runway is partnering with Getty Images to develop Runway Getty Images Model (RGM), which it is positioning as a new type of generative AI model capable of “providing a new way to bring ideas and stories to life through video” for enterprise customers using copyright compliant means. Targeting Hollywood studios, advertising, media and broadcast clients, RGM will “provide a baseline model upon which companies can build their own custom models for the generation of video content,” Runway explains. Continue reading Runway Teams with Getty on AI Video for Hollywood and Ads

AWS Debuts Amazon One Enterprise Palm-Scanning Service

Amazon Web Services has introduced a palm-scanning identity service for enterprise clients that lets people authenticate when entering physical premises. Called Amazon One Enterprise, the new service leverages the Amazon One offering launched in 2020 to allow biometric payments in Amazon’s cashierless Amazon Go stores, bringing the technology to the workplace. At retail, Go shoppers can link payment cards to their palm-print and complete transactions by placing their hand on a scanner. While use of biometric data has raised concerns, Amazon appears to be expanding the technology’s applications. Continue reading AWS Debuts Amazon One Enterprise Palm-Scanning Service