SoftBank to Invest $138 Million in Gen AI Infrastructure

Table of Contents

1. SoftBank to Invest $138 Million in Advanced Computing Infrastructure for Gen AI
2. Celestial AI Raises $100 Million to Expand Photonic Fabric Technology Platform
3. Nico Health Raises $65 Million for AI-Driven Preventive Healthcare Solutions
4. AI for Bharat Raises $12 Million to Create Vernacular LLM for India-Specific Use Cases
5. Kinnu Raises $6.5 Million to Expand AI-Powered Learning App
6. Gen AI Attack Creates Personalized Learning for School Curriculum
7. Optiversal Raises $4.2 Million in Seed Capital to Power Content with Chain AI for Retailers
8. Needle Raises $1.2 Million to Optimize E-Commerce Marketing with AI
9. Impact of Gen AI on Digital Advertising
10. Gen AI Transforming Customer Service
11. Product News: Unity Marketplace, New Relic Rock, PD Brand, Shutter, Alibaba, Mixpanel, Josh AI

SoftBank to Invest $138 Million in Advanced Computing Infrastructure for Gen AI

SoftBank has announced plans to invest about $138 million in advanced computing infrastructure with the aim of powering its own Gen AI for Japanese enterprises. This move is part of SoftBank's larger strategy to become a leader in the AI space. The investment will be used to develop new hardware and software technologies that can support the development of Gen AI applications.

Celestial AI Raises $100 Million to Expand Photonic Fabric Technology Platform

Celestial AI has raised $100 million to expand its photonic fabric technology platform. The funding round was led by iag Capital, Venters Coach, Disruptive Technology, and Temasek. The company plans to use the funds to expand its platform and develop new applications for its technology.

Nico Health Raises $65 Million for AI-Driven Preventive Healthcare Solutions

Nico Health, a firm co-founded by Daniel Ek, one of the co-founders of Spotify, has raised $65 million for AI-driven preventive healthcare solutions. The funding round was led by Lakestar. The company plans to use the funds to develop new AI-driven solutions that can help prevent diseases and improve overall health outcomes.

AI for Bharat Raises $12 Million to Create Vernacular LLM for India-Specific Use Cases

AI for Bharat has raised $12 million from Peak 15 Partners, Sequoia in Asia (rebranded as Peak 15), and Lightspeed Ventures. The company plans to use the funds to create vernacular LLM for India-specific use cases. The goal is to create AI-powered solutions that can help solve some of the unique challenges faced by India's diverse population.

Kinnu Raises $6.5 Million to Expand AI-Powered Learning App

Kinnu has raised $6.5 million from Spark Capital and Jigsaw to expand its AI-powered learning app. The company uses Generative AI as part of a three-pronged strategy for content creation. First, humans create a routine Outline or pathway. Then, that is fit to news similar to OpenAI's chat TPT, which identifies the main idea of each course and creates content revision questions in various formats such as multiple choice. Kinnu then makes these AI-powered educational courses available through its mobile app.

Gen AI Attack Creates Personalized Learning for School Curriculum

Gen AI Attack is creating personalized learning for school curriculum. The company is focused on creating AI-powered solutions that can help students learn more effectively. They are developing use cases for India and plan to use AI to create personalized learning experiences that are tailored to each student's unique needs.

Optiversal Raises $4.2 Million in Seed Capital to Power Content with Chain AI for Retailers

Optiversal has raised $4.2 million in seed capital to power content with chain AI for retailers. The funding round was led by Blink Capital. The company plans to use the funds to develop new AI-powered solutions that can help retailers create more engaging and personalized content for their customers.

Needle Raises $1.2 Million to Optimize E-Commerce Marketing with AI

Needle has raised $1.2 million to optimize e-commerce marketing with AI. The funding round was led by Iterative. The company plans to use the funds to develop new AI-powered solutions that can help e-commerce companies improve their marketing campaigns and increase their ROI.

Impact of Gen AI on Digital Advertising

Gen AI is already impacting digital advertising. Advertisers are using AI to improve their targeting and optimize their campaigns. This is leading to better results and higher ROI for advertisers. However, there are also concerns about the impact of AI on privacy and the potential for AI to be used for malicious purposes.

Gen AI Transforming Customer Service

Gen AI is also transforming customer service. Companies are using AI-powered chatbots and virtual assistants to provide better customer service and improve customer satisfaction. This is leading to faster response times and more personalized interactions with customers.

Product News: Unity Marketplace, New Relic Rock, PD Brand, Shutter, Alibaba, Mixpanel, Josh AI

In product news, Unity has rolled out its Marketplace for game developers. New Relic has introduced a new product called New Relic Rock, which is the world's first generative AI assistant for observability. PD Brand uses Gen AI to create SEO-optimized content. Shutter has Gen AI with legal protection for their enterprise customers. Alibaba has launched a tool similar to OpenAI's GPT, called Dalai, which can generate images from text. Mixpanel has integrated Gen AI to simplify analytics. Josh AI has added a Gen AI assistant to their smart home platform.

Highlights

• SoftBank to invest $138 million in advanced computing infrastructure for Gen AI
• Celestial AI raises $100 million to expand photonic fabric technology platform
• Nico Health raises $65 million for AI-driven preventive healthcare solutions
• AI for Bharat raises $12 million to create vernacular LLM for India-specific use cases
• Kinnu raises $6.5 million to expand AI-powered learning app
• Gen AI Attack creates personalized learning for school curriculum
• Optiversal raises $4.2 million in seed capital to power content with chain AI for retailers
• Needle raises $1.2 million to optimize e-commerce marketing with AI
• Gen AI is already impacting digital advertising and transforming customer service
• Product news: Unity Marketplace, New Relic Rock, PD Brand, Shutter, Alibaba, Mixpanel, Josh AI

FAQ

Q: What is Gen AI? A: Gen AI refers to the next generation of AI technologies that are designed to be more intelligent, flexible, and adaptable than current AI systems.

Q: How is Gen AI impacting digital advertising? A: Gen AI is already being used to improve targeting and optimize campaigns, leading to better results and higher ROI for advertisers.

Q: What is Kinnu? A: Kinnu is an AI-powered learning app that uses generative AI to create educational courses that are tailored to each student's unique needs.

Q: What is Optiversal? A: Optiversal is a company that uses chain AI to power content for retailers, creating more engaging and personalized content for their customers.

Q: What is New Relic Rock? A: New Relic Rock is the world's first generative AI assistant for observability, designed to help companies improve their observability and monitoring capabilities.