AI Startups Make Big Waves in 2024

AI is still hot — even if market fatigue has been on the horizon. In the first half of 2024, investors poured more than $35.5 billion into AI startups globally, with U.S.-based companies leading the charge. In fact, 35 startups in the U.S. have raised over $100 million each this year. Here’s a look at a few key players making headlines:

• Magic: AI-powered coding platform Magic raised $320 million in its second mega-round this year. Its goal? To streamline the coding process with advanced generative AI tools that help developers get work done faster and more efficiently.

• CoreWeave: Specializing in GPU infrastructure for AI workloads, CoreWeave raised a massive $1.1 billion. This company is betting big on providing the computational muscle behind AI’s rapidly growing demands.

• Safe Superintelligence: This research lab, founded by OpenAI’s co-founder Ilya Sutskever, scored $1 billion in funding. Its mission is to ensure AI evolves responsibly, pushing for safer AI that can benefit humanity in the long run.

The power of AI: The sheer scale of these investments reflects continued confidence in AI and the growing belief that the technology will transform every aspect of our lives—from business operations to personal interactions.

Here’s What Your iPhone 16 Could Do, Eventually, with Apple Intelligence

Apple’s latest event delivered plenty of exciting announcements surrounding the iPhone 16’s cutting-edge hardware, but AI enthusiasts will have to wait to experience the full power of Apple Intelligence. The AI feature  won’t be available until later this year when iOS 18.1 rolls out.

What’s in store? Here’s a quick breakdown of the upcoming AI-driven features:

• Text Rewrite: Rework your writing with a single tap, transforming drafts into more professional, concise, or friendly tones.

• Smart Reply: This predictive tool will offer contextual suggestions in messaging apps and Mail, helping you respond faster.

• Visual Intelligence: Take a picture of a concert flyer or restaurant, and Visual Intelligence will instantly provide details, like event info or a menu.

Launch Pending: These features are promising but won’t be ready at launch. Apple is fine-tuning them for a later release, ensuring they meet performance and privacy standards. 

Quantum Gaming? Moth Is Ready to Play

Moth, a quantum tech startup, just leveled up. With quantum gaming pioneer James Wootton on board, the startup is blending sci-fi tech with gaming to create more immersive, intelligent, and visually stunning games. 

Moth is targeting three game-changing (pun intended) areas:

• Procedural generation: Quantum algorithms will let developers create more complex, dynamic worlds, resulting in immersive environments that evolve and surprise players.

• Character AI: With quantum power, NPCs (non-player characters) will get a serious intelligence boost, reacting more naturally and unpredictably to player actions.

• Graphics and visuals: Quantum-driven graphics will push the limits of realism, offering a level of detail and depth that traditional computing struggles to achieve.

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