Artificial Intelligence

OpenAI is improving its text-generating models and lowering prices as generative AI competition increases. Today, OpenAI released GPT-3.5-turbo and GPT-4, its latest text-generating AI with function calling. In a blog post, OpenAI explains that function calling lets developers describe programming functions to GPT-3.5-turbo and GPT-4 and have the models generate …

Reddit’s controversial API pricing change that’s driving third-party apps out of business has taken a strange turn. In an AMA today, Reddit co-founder and CEO Steve Huffman, aka u/spez, doubled down on accusations against the developer of the popular third-party app Apollo, which the company had previously accused of operating …

Tiki, a short-form video app, will shut down in India on June 27. “Tiki is closing. “Tiki functions and services will cease at 11.59 PM India time, June 27, 2023,” Tiki wrote. Tiki, which featured original and local videos, had 35 million monthly active users in India, its only market, …

Innovius Capital and Threshold Ventures led CloudZero’s $32 million Series B funding round. CEO Erik Peterson says the tranche will expand CloudZero’s platform and scale its go-to-market efforts, focusing on savings insights and self-service analytics. “The pandemic accelerated digital transformation for many companies, which increased software development and spend in …

Prime minister Rishi Sunak announced at London Tech Week that OpenAI, Google DeepMind, and Anthropic will provide “early or priority access” to their AI models to support evaluation and safety research. After several AI giants warned about the existential and even extinction-level risks of unregulated AI, Sunak became more interested …

Adobe announced today that enterprise customers can customize its Firefly generative image generator with their own branded assets. In addition, enterprise users will be able to access Firefly from Adobe Express, formerly Adobe Spark. “Enterprise leaders expect content demands to increase by five-fold over the next two years, making it …

Lens Protocol, a web3 product that creates a decentralized social networking ecosystem, raised $15 million, its team told TechCrunch exclusively. Aave, a web3 technology company, is building a protocol that lets users lend and borrow crypto tokens. (Aave raised $49 million.) Aave CEO Stani Kulechov said the protocol aims to …

LinkedIn launched its own ad suggestion tool weeks after Meta launched a suite of generative AI-based tools to help advertisers create different campaigns. The company suggests ad introductory text based on a marketer’s LinkedIn page and Campaign Manager settings like objective, targeting criteria, and audience. Microsoft-owned LinkedIn uses OpenAI models …

On Tuesday, Automattic, the company behind WordPress.com and the main contributor to open-source WordPress, launched an AI assistant for the popular content management system. The assistant integrates seamlessly with WordPress.com and Jetpack-powered sites, according to the company. Add an “AI Assistant” block to your post or page. After typing a …

Instabase, a startup that develops apps to understand and analyze “unstructured” data, raised $45 million in a Series C round led by Tribe Capital and including Andreessen Horowitz (a16z), New Enterprise Associates, and Spark Capital. Instabase’s valuation doubled to $2 billion as it invested more in generative AI. “At Instabase, …