AI Startups Raised $573M Last Week

Peter Foy -

Welcome to our AI roundup of the top stories & startups to watch, this week we have stories on:

  • OpenAI's new text-to-video model, Sora
  • Google's Gemini 1.5 - 1M token context window
  • AI startups raised $573M in venture funding

This Week in AI 🗞️

This week in AI, both OpenAI and Google had major announcements about new models: Sora and Gemini 1.5.

OpenAI Launches Text-to Video Model, Sora

Sora is a text-to-video model that can produce videos up to a minute long with a high level of visual quality and adherence to the user’s prompt. The model is able to generate complex scenes with multiple characters, specific types of motion, and accurate details of the subject and background.

Read the full story.

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Google releases Gemini 1.5 with 1M+ token context

Google also introduced it's latest LLM: Gemini 1.5. The new multimodal model has set a new benchmark for the largest context window at 1M+ tokens.

Read the full story.

AI Startups Raised $576M Last Week

Last week AI startups raised a total of $576M in venture funding, here are a few of our favourite companies to watch.

Lambda - Raised a $320M Series C

  • What they do: Lambda is a deep-learning infrastructure company that provides computation to accelerate human progress. The company's cloud technology, servers, and workstations are pre-configured with common ML frameworks, enabling clients to simplify and accelerate the training and deployment of deep learning models.
  • Industries: Cloud Computing, Machine Learning, Hardware, GPU
  • Location: San Francisco, California

Scribe - Raised a $25M Series B

  • What they do: Scribe lets users share how work is done, enabling anyone to automatically create step-by-step guides for any process. The Scribe platform seamlessly captures and shares knowledge workers’ “know-how,” building more productive and collaborative organizations and communities.
  • Industries: Productivity Tools, Artificial Intelligence
  • Location: San Francisco, California

Rasa - Raised a $30M Series C round

  • What they do: Rasa is a conversational AI platform for building, improving, and scaling enterprise-grade text and voice-based AI Assistants. With over 25 million downloads since its launch, Rasa is used by the world’s largest brands to transform how people interact with organizations through AI.
  • Industries: Artificial Intelligence (AI), Machine Learning, Virtual Assistant
  • Location: San Francisco, California

That's it for this edition of This Week in AI. If you were forwarded this newsletter and would like to receive it, you can sign up below.