Hype surrounding AI is heating up, sparked by generative artificial intelligence (AI) app ChatGPT in late 2022 and cemented by booming sales Nvidia is enjoying for its leading semiconductor systems. The jury is still out on whether this hype is a bubble waiting to crash and burn or simply a media frenzy overlaying real economic … Read more
London-based scaleup Prolific raised £25m today to scale its platform, which provides vetted research participants to AI firms that need human feedback to refine their models. The round was co-led by Paris-based venture capital firm Partech and Oxford Science Enterprises, the independent investor partnered with Oxford University. Prolific, an ally of Y Combinator, tells Sifted … Read more
Image credits: Ole_CNX/Getty Images This morning, Vellum.ai said it closed a $5 million seed round. The company declined to share who its lead investor was for the round, other than noting that it was a staged firm, but told TechCrunch that Rebel Fund, Eastlink Capital, Pioneer Fund, Y Combinator and several angels they took part … Read more
Image credits: New York Stock Exchange / Stock Photo / Getty Images DigitalOcean, the cloud hosting company, announced today that it has agreed to acquire Paperspace, a New York-based cloud computing and AI development startup, for $111 million in cash. Yancey Spruill, CEO of DigitalOcean, says Paperspaces infrastructure and tools, when integrated with DigitalOceans products, … Read more