AI startup Modulal seeks Series A funding to challenge Nvidia

Translated data: Modular is an artificial intelligence startup currently seeking a significant round of funding, with an estimated valuation of approximately $600 million. The company's software offers an alternative solution for building AI models, eliminating the need for expensive NVIDIA GPUs. By utilizing modular, composable components, Modular's software unifies the front-end of popular AI frameworks, enabling developers to more easily train and run machine learning models on chips designed by other companies.

From Digital Immortality to Personal AI Economy! Uare.ai Secures $10.3 Million in Funding to Give Everyone a Customized Intelligent Avatar

AI startup Uare.ai secures $10.3 million in seed funding, transitioning from digital inheritance services to a personalized AI platform. Its goal is to enable users to train AI agents that represent their knowledge, values, and personality, redefining the relationship between humans and technology, empowering the living rather than commemorating the deceased.

Start-up Majestic Labs Secures $1 Billion in Funding, Focused on Efficient AI Servers

Majestic Labs, founded by three former Google and Meta engineers, has secured $1 billion in funding, focusing on developing high-capacity AI servers to reduce data center costs. Its patented silicon architecture can increase server memory capacity by 1000 times, with a single system capable of replacing up to ten traditional server racks.

India's Emerging Wealth Management Program Seeks New Graduates, AI Drives Industry Transformation

The Indian wealth management market is booming, but faces a shortage of private bankers. Emerging company Dezerv is recruiting new graduates and training them to become wealth advisors who can use AI technology to address the talent gap. This initiative highlights the potential of AI in traditional industries and the demand for highly qualified talent in the market.

AI Picture Book Sparks Copyright and Ethical Controversy: Entrepreneur Completes a Children's Alphabet Book with Nearly 1,000 AI-Generated Illustrations

Dutch entrepreneur Niels Hoogen launched a children's alphabet book entirely illustrated by AI, with nearly 1,000 illustrations generated by artificial intelligence. The author admitted that if drawn by hand, it would cost $50,000 and take two hours per illustration, making it financially unfeasible. With the help of generative AI technology, the book was able to be published at a low cost, but it has also sparked discussions about industry costs and ethical issues in creative production.

Study Shows: One Quarter of Large UK Companies Will Cut Employees Due to AI

A recent survey in the UK shows that about one quarter of large companies will cut employees due to the development of AI, with entry-level positions being the most affected. Employers say that the popularity of AI has put traditional entry-level jobs at risk of being replaced by automation, and they plan to adjust their staffing structures through the use of technology.