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- The Brief - Issue #8 🏥
Welcome to another edition of The Brief!
DEVELOPMENTS
AI Developments in the past week
NVIDIA launched LATTE3D, which transforms text prompts to high-quality 3D shapes in under a second
Unity’s 2024 gaming report says that 62% of studios turned to AI to improve their workflows, particularly for content creation and animation
Microsoft is continuing to aggressively expand its AI talent, and is set to pay Inflection AI $650M after scooping up most of it staff
Saudi Arabia plans to invest $40 Billion in Artificial Intelligence
NVIDIA launched more than two dozen new microservices that allows healthcare enterprises to take advantage of the latest advances in generative AI
NVIDIA, in collaboration with Hippocratic AI, is creating AI-generated nurses that can treat patients for $9 an hour
FUNDING
Funding in the past week
0G Labs, a web3 infrastructure firm that’s building a modular AI blockchain, raised a $35M pre-seed, from investors including Alliance, Animoca Brands, and OKX Ventures
Century Health, a startup applying AI to clinical data to uncover new applications for drugs, raised a $2M pre-seed round, backed by investors like LifeX, Everywhere, and Alumni Ventures
Fundguard, an AI accounting startup, raised a $100M Series C, with participation from Key1 Capital, Euclidean Capital, and Hamilton Lane
ValidMind, an AI and model risk management provider for financial services, raised an $8.1M Seed round, from investors like Third Prime, New York Life Ventures, and Notion Capital
Viam, a cloud-based open source software platform, raised a $45M Series B, backed by investors like Battery Ventures and Union Square Ventures
JOBS
Leadership roles on the business side of AI
See you next week! If you’ve liked what you’ve read so far, please share this with your friends 🌟