Tag: Model
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Cosine secures industry backing for Britain’s first sovereign frontier model
Cosine, the British AI company selected by the UK Government as part of its Sovereign AI initiative, today announced that it has brought together a coalition of leading UK institutions to co-design Lumen Sovereign, which it describes as Britain’s first sovereign frontier AI model. Founded in 2023 in London, Cosine is a British sovereign AI read more
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AI model "capability overhang" biggest challenge facing European businesses, says OpenAI revenue chief
European businesses are shifting from pilot to deep integration of OpenAI’s technology, but there is a “little bit of a capability overhang” between the utility ofAI models and what businesses can successfully deploy, according to OpenAI’s revenue boss. Ashley Kramer, OpenAI’s vice president, enterprise, said the biggest challenge European enterprises- typically defined as businesses with read more
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Renaissance Philanthropy reshapes science funding with a new model for innovation
Renaissance Philanthropy, a nonprofit focused on accelerating scientific and technological breakthroughs by connecting philanthropists, researchers, and innovators, has mobilised more than $533 million in funding within its first two years. The milestone reflects rapid growth across the organisation’s platform, which now includes more than 20 active programmes and funds, as well as multiple government partnerships. read more
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Joe Macken Spent 21 Years Hand-Assembling a Vast Model of New York City
Over the course of two decades, Queens resident Joe Macken meticulously built an entire city from the ground up. In fact, he built New York City—the whole thing—one building, house, and bridge at a time. Now, his expansive scale construction is on view in He Built This City: Joe Macken’s Model at the Museum of read more
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AI Model Reveals New Information About Authorship of 17th-Century El Greco Altarpiece
A group of scientists at Case Western Reserve University in Cleveland, Ohio, has built a new machine-learning program that might help art historians determine how many artists’ hands contributed to the creation of centuries-old artworks. The dozen researchers who published the paper in Science Advances range from physicists and computer scientists to art historians and read more
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“We are where ChatGPT was five years ago,” says European 3D AI foundation model startup boss
OneofEurope’stop AI researchers, who is heading upa3D AI foundation model startup, says that 3D AI models are “kind of where ChatGPT for language wasfive years ago”. Matthias Niessner,the CEO andco-founderofSpAItial,tooka leave of absence from leadingthe visualcomputingand AI lab at the Technical University of Munich to launch the Munich andLondon-basedstartupSpAItial,whichlast year landed a $13m seed round. read more
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With €30M Series A, Subbyx scales its subscription model across Europe
Italian-based Subbyx, a technology scaleup focused on infrastructure for the subscription economy, has closed a €30 million Series A financing round, bringing its total funding to €50 million across equity and debt. The round was led by Systemiq Capital, with participation fromexisting investor Azimut, while Flashpoint has provided venture debt to support the expansion of read more
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AI model giants should pay a levy to operate in Europe, says Mistral boss
AI model giants should pay a “levy” for selling their services in Europe with the money funnelled into Europe’s cultural sector,according to the boss of Europe’s leading AI model startup. Arthur Mensch, the CEO and co-founder of Mistral, says such a levy would be a win-win for both the AI model providers, giving them legal read more
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Yann LeCun’s Paris-based AI world model startup raises more than $1BN
Yann LeCun’s much-anticipated new startup, which is developing alternative AI models to large language models (LLMs), has raised more than $1bn in Europe’s largest-ever seed funding round, it has confirmed today. Announcing the funding round, LeCun, the former Meta chief AI scientist and Turing prize winner, said: “We just completed our seed round, one of read more
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BeyondMath secures $18.5M to expand its foundational physics AI model
London-based BeyondMath, a deeptech company that has developed a novel generative physics model, has raised a $10 million seed extension led by Cambridge Innovation Capital, with participation from existing investors including UP.Partners, Insight Partners, and InMotion Ventures. This brings total seed funding to $18.5 million. Engineering and industrial companies are under increasing pressure to design read more
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Paket Mutfak raises $3.8M to grow multi-brand cloud kitchen model
Paket Mutfak, a cloud kitchen software startup, has raised $3.8 million to support its ongoing expansion. The round included additional investment from existing backers such as Nokta Yatırım Holding, Ünlü & Co, and Fırat İşbecer, alongside new investors including Ali Sabancı, Sip & Bite GSYF, Robert Baler, and Corsini Global. The latest funding brings the read more
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Lean Operations for Fragmented Middleware: A New Model
Most organisations do not wake up one morning and decide to overhaul how they manage messaging and streaming. The shift usually begins with something far less glamorous. A delayed release because a queue was not provisioned on time. A compliance reviewer asking for audit evidence that takes days to assemble. Or a capacity scare on read more
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London and New York-based Model ML raises $75M
An AI automation platform for the financial services industry, founded by two brothers, has raised $75m in a Series A fundinground. The funding round in London and New York-based Model ML was led byFT Partners with participation from Y Combinator,QED, 13Books, Latitude and LocalGlobe. The Series A follows six months after Model ML’s seed raise, read more
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