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Exclusive: Legal tech startup Genie AI just raised $17.8 million from Google and Khosla Ventures using this 13-slide deck

Legal tech startup Genie AI has secured a $17.8 million Series A from Google and Khosla Ventures. The startup’s CEO, Rafie Faruq, says its AI editing platform can “turn around a contract in minutes.” Check out the 13-slide pitch deck, shared exclusively with BI, that it used to secure the funding. Thanks for signing up! […]

Suno, with a $500m valuation, has admitted training its AI on copyrighted music. It just named Timbaland as a strategic advisor. – Music Business Worldwide

AI music generator Suno is one of the most controversial entities in the music business today. In June, the $500 million company was sued by the major record companies, along with fellow AI firm Udio, for allegedly training their systems using the majors’ recordings without permission – an accusation they pretty much admitted to in […]

Stability AI releases most powerful image generation models to date

Stability AI has announced the release of Stable Diffusion 3.5, marking a leap forward in open-source AI image generation models. The latest models from Stability AI include multiple variants designed to cater to different user needs, from hobbyists to enterprise-level applications. The announcement follows June’s Stable Diffusion 3 Medium release, which the company acknowledges didn’t […]

Anthropic unveils new Claude AI models and ‘computer control’

Anthropic has announced upgrades to its AI portfolio, including an enhanced Claude 3.5 Sonnet model and the introduction of Claude 3.5 Haiku, alongside a “computer control” feature in public beta. The upgraded Claude 3.5 Sonnet demonstrates substantial improvements across all metrics, with particularly notable advances in coding capabilities. The model achieved an impressive 49.0% on […]

Introducing Mellum: JetBrains’ New LLM Built for Developers | The JetBrains Blog

AI Assistant JetBrains AI News JetBrains has taken a major step forward in advancing AI-driven development tools with the launch of Mellum, a proprietary large language model (LLM) specifically designed to assist software developers. Currently available only with JetBrains AI Assistant, Mellum provides faster, smarter, and more contextually aware code completion. There are hundreds of […]