AI21 Labs, a pioneer in large language model artificial intelligence, has closed a $155 million Series-C funding that brings the Tel Aviv-based firm’s total raise to $283 million for a valuation of $1.4 billion. Investors include Google, Nvidia, Samsung Next, Walden Catalyst, Pitango, SCB 10X, b2venture, and AI21 co-founder Amnon Shashua. The company is best known for its flagship AI21 Studio product, a developer platform that lets customers pay as they go to build custom text-based business apps using AI21’s proprietary models, notably Jurassic-2. The firm’s portfolio also includes the multilingual reading and writing assistant Wordtune. Continue reading Major Tech Firms Help Boost Valuation of AI21 to $1.4 Billion

Google is making many of its most powerful cloud computing tools available commercially for the first time, Google Cloud CEO Thomas Kurian shared at the company’s Cloud Next ’23 conference in San Francisco. In a bid to catch up with top AI rivals such as Amazon and Microsoft, the Google Distributed Cloud will open for general business including at the edge with Vertex AI and PaLM 2. Google Cloud will serve up AI from Anthropic, in which it is an investor, as well as from Meta Platforms. In addition, an AI-infused Gmail productivity suite is on the way. Continue reading Google Takes on the Competition with Cloud and AI Services

Hugging Face has collected $235 million in an investment round that includes contributions from Amazon, IBM, Google, Nvidia, Salesforce, AMD, Intel and Qualcomm. The New York-based startup creates and distributes open-source tools for artificial intelligence development, carving an AI-centric niche similar to the more general programming approach taken by the Microsoft-owned GitHub. The incoming cash infusion — earmarked for talent recruitment — gives Hugging Face a lofty $4.5 billion valuation that experts say indicates momentum for open source in what has to date been a highly competitive AI sector. Continue reading Big Tech Firms Propel Hugging Face to $4.5 Billion Valuation

This fall, gamers will be able to enjoy more realistic play thanks to the latest Nvidia AI neural rendering techniques in DLSS 3.5 with Ray Reconstruction. Unlike the boost Nvidia provided with DLSS 3’s Frame Generation add-on, DLSS 3.5 boosts ray tracing across the RTX GPU lineup. Nvidia’s new DLSS 3.5 release isn’t only for gamers. Ray Reconstruction is also coming to third-party 3D creator tools like Chaos Vantage and D5 Render as well as the Nvidia Omniverse line of products, providing more accurate previews, among other advantages. Continue reading Gaming Gets Boost with Nvidia DLSS 3.5 AI Neural Rendering

Nvidia announced Q2 revenue of $13.51 billion, a 101 percent year-over-year increase that sets a new company record. The data center division — which accounts for the majority of AI chip sales — also established a new benchmark: $10.32 billion in Q2, a 171 percent leap over the prior fiscal Q2. Nvidia projects that revenue for the current quarter will hit $16 billion — about $3.5 billion above analysts’ expectations. Nvidia chips power OpenAI’s popular ChatGPT and other generative AI and cloud computing apps from companies including Amazon, Google, Meta Platforms, Microsoft and VMWare. Continue reading Demand for AI Chips Drives Nvidia to Revenue Record in Q2

VMware and Nvidia have joined forces on “VMware Private AI Foundation with Nvidia,” a fully-integrated solution designed to bring generative AI training and deployment to enterprise clients running on VMware’s hybrid cloud infrastructure. The full-stack product will provide software, compute power and everything needed to fine-tune large language models using proprietary data. “Together with Nvidia, we’ll empower enterprises to run their generative AI workloads adjacent to their data with confidence while addressing their corporate data privacy, security and control concerns,” said VMware CEO Raghu Raghuram. Continue reading VMware and Nvidia Are Bringing Generative AI to Enterprises

Meta Platforms is releasing SeamlessM4T, the world’s “first all-in-one multilingual multimodal AI translation and transcription model,” according to the company. SeamlessM4T can perform speech-to-text, speech-to-speech, text-to-speech, and text-to-text translations for up to 100 languages, depending on the task. “Our single model provides on-demand translations that enable people who speak different languages to communicate more effectively,” Meta claims, adding that SeamlessM4T “implicitly recognizes the source languages without the need for a separate language identification model.” Continue reading Meta’s Multimodal AI Model Translates Nearly 100 Languages

Samsung’s Freestyle Gen 2 with Gaming Hub is a compact smart projector that adds mobility to high-end gaming. Weighing under two pounds, the device turns surfaces from ceilings to tent walls into what’s described as a cinema-quality screen, displaying at resolutions up to full HD (1080×1920) at 30- to 100-inches. The built-in Gaming Hub eliminates the need to tote a separate console and provides access to up to more than 3,000 streaming games. It also runs Tizen OS, offering the advantages of a Samsung Smart TV. The $799 unit ships August 31. Continue reading Samsung Freestyle Projector Adds Streaming Games and TV

Netflix continues to expand its game ecosystem. The company released a TV game controller for iOS devices earlier this month and has just begun beta testing its game streaming on TVs in Canada and the UK, with plans to begin tests for computer play in the coming weeks. Participating in the tests are partner devices including Amazon Fire TV Streaming Media Players, Chromecast with Google TV, LG TVs, Nvidia Shield TV, Roku devices and TVs, Samsung Smart TVs, and Walmart Onn, with plans for more manufacturers to be added on an ongoing basis. Continue reading Netflix Beta Tests Its Game Streaming on TVs and Computers

ETC@USC will host its 8th vETC virtual conference at SIGGRAPH 2023 in Los Angeles, August 8-10. The event – which highlights significant presentations of emerging technologies and their impact on the M&E industry – will explore how generative AI, machine learning, and other compelling new tools help simplify building 3D worlds and tackle today’s computer vision challenges. Three days of sessions will be recorded and posted on ETC’s YouTube channel. For those attending SIGGRAPH who may be interested in attending the sessions (located at Z by HP Booth 215), visit the program guide, which includes a full schedule and speaker bios. Continue reading ETC Will Host Sessions at SIGGRAPH Conference This Week

ETC@USC will host its 8th vETC virtual conference at SIGGRAPH 2023 in Los Angeles, August 8-10. The event – which highlights significant presentations of emerging technologies and their impact on the M&E industry – will explore how generative AI, machine learning, and other compelling new tools help simplify building 3D worlds and tackle today’s computer vision challenges. Three days of sessions will be recorded and posted on ETC’s YouTube channel. For those attending SIGGRAPH who may be interested in attending the sessions (located at Z by HP Booth 215), visit the program guide, which includes a full schedule and speaker bios. Continue reading ETC Will Host Sessions at SIGGRAPH Conference Next Week

Led by Pixar Animation Studios, a consortium of tech companies has formed the Alliance for OpenUSD to promote an open 3D computer graphics standard for the metaverse and other 3D projects. Adobe, Apple, Autodesk and Nvidia are also founding members along with the Linux Foundation’s Joint Development Foundation. The group will promote the development and standardization of Pixar’s Universal Scene Description tech, a 3D platform that is interoperable across a variety of tools, data and workflows. The goal is to make it easier to describe, compose and simulate large-scale 3D imaging projects and services across industries and platforms worldwide. Continue reading Tech Firms Join Pixar in Group Promoting OpenUSD Standard

Cerebras Systems has unveiled the Condor Galaxy 1, powered by nine networked supercomputers designed for a total of 4 exaflops of AI compute via 54 million cores. Cerebras says the CG-1 greatly accelerates AI model training, completing its first run on a large language AI trained for Abu Dhabi-based G42 in only 10 days. Cerebras and G42 have partnered to offer the Santa Clara, California-based CG-1 as a cloud service, positioning it as an alternative to Nvidia’s DGX GH200 cloud supercomputer. The companies plan to release CG-2 and CG-3 in early 2024. Continue reading Cerebras, G42 Partner on a Supercomputer for Generative AI

This week, Meta Platforms released Llama 2, the next generation of its open-source large language model that is free for research and commercial use. Llama 2’s pretrained and fine-tuned language models are available in sizes ranging from 7 to 70 billion parameters. Meta also named Microsoft Azure its “preferred partner for Llama 2,” offering it through the Azure AI model catalog for use with cloud-native tools that leverage content filtering and safety features. Meta says Llama 2 is “also optimized to run locally on Windows,” providing developers a seamless workflow across enterprise and consumer platforms. Continue reading Meta Unveils Llama 2 LLM with Microsoft as Preferred Partner

Bozeman, Montana-based DaaS firm Snowflake has partnered with Nvidia to let clients customize LLMs (large language models) using proprietary data in the Snowflake Data Cloud. Nvidia’s NeMo platform and GPU-accelerated computing will power the effort to tailor models to specific business use cases, such as chatbots with category expertise as opposed to generalists, search engines attuned to context or generative text deep knowledge. Since most companies are eager to harness brand-specific AI without having to build a model from scratch, this category of service is generating a lot of interest. Continue reading Nvidia’s NeMo Delivers AI Customization to Snowflake Cloud