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EU boosts European AI developers The European Commission has launched a call for setting up AI Factories to boost European leadership in trustworthy artificial intelligence (AI). AI Factories will be created around the EU's world-class network of European High-Performance Computing (HPC) supercomputers and will be available to a range of European users, such as startups, industry and researchers. President of the Commission, Ursula von der Leyen said: “Europe is already leading the way with the EU AI Act, ensuring AI is safer and more trustworthy. Earlier this year, we fulfilled our promise by opening our high-performance computers to European AI start-ups. Now, Europe must also become a global leader in AI innovation. AI Factories will help secure our position at the forefront of this transformative technology.” The rolling call launched today by the EuroHPC Joint Undertaking will be continuously open until 31 December 2025, with the first deadline on 4 November 2024 and subsequent cut-off dates every three months for as long as funds are available. This call will be supported by an EU contribution of close to €1 billion from the Digital Europe Programme and Horizon Europe and an equal amount of funding coming from the Member States. Background AI Factories are a highlight of the Commission's AI innovation package presented in January 2024, together with: Financial support through Horizon Europe and the C-SOC Digital Europe Programme dedicated to generative AI. This will generate an additional overall public and private investment of around €4 billion until 2027; Accompanying initiatives to strengthen the EU's generative AI talent pool through education, training, skilling and reskilling activities; Further encouragement of public and private investments in AI start-ups and scale-ups, including through venture capital or equity support (including via new initiatives of the EIC accelerator Programme and InvestEU); The acceleration of the development and deployment of Common European Data Spaces, made available to the AI community, for whom data is a key resource to train and improve their models. A new Staff Working Document on common European data spaces has also been published today, providing the latest state of play; The ‘GenAI4EU' initiative, which aims to support the development of novel use cases and emerging applications in Europe's 14 industrial ecosystems, as well as the public sector. Application areas include robotics, health, biotech, manufacturing, mobility, climate and virtual worlds; Large AI Grand Challenge: winners announced in June 2024 are four innovative AI start-ups from Europe who will share the prize of €1 million and 8 million computational hours, advancing Europe's leadership in AI development. The Commission will also set up a European AI Research Council where Europe can pool resources and explore how it can exploit the untapped potential of data to support AI and other technologies.

Most #GenerativeAI deals tend to be in underlying technologies and vertical applications, while investment in middleware applications has declined, according to new data from PitchBook. This presents an opportunity for startups and VCs to cultivate the overlooked areas of AI.  https://lnkd.in/gTgn8HTY

“Many of the most pressing challenges [of GenAI] have less to do with perfecting large language models than sorting out how to use them. Choosing the right model, integrating multiple LLMs into a single service, and deploying applications at low cost—these are the problems projects now face.” “Open-source generative AI orchestration projects will create multiple unicorn startups in early-stage deals," PitchBook senior analyst Brendan Burke predicts in PitchBook's 2024 Enterprise Technology Outlook. #generativeai #genai #adoption #orchestration Source: https://lnkd.in/edAUASYF

New Post: Generative AI video startup Tavus raises $18M to bring face and voice cloning to any app - https://lnkd.in/gSxb2pZT - Tavus, a four-year-old generative AI startup that helps companies create digital “replicas” of individuals for automated personalized video campaigns, has confirmed a fresh $18 million in funding and revealed that it’s opening its platform for third-parties to integrate its technology into their own software. Reports emerged back in August that Tavus had raised “about $18 © 2024 TechCrunch. All rights reserved. For personal use only. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp

The European Commission's recent AI innovation package is met with a mix of optimism and reservations from the startup community. While the plan outlines significant measures to bolster AI startups, concerns linger regarding the delivery speed and certain details of the initiatives. The creation of 'AI factories,' providing high-performance computing tailored for rapid machine learning, is a key highlight. However, reservations center around bureaucratic processes in European funding instruments, which may deter top-tier AI startups. As Europe seeks to navigate AI regulations and economic strategy, balancing accessibility, funding allocation, and a streamlined business environment remains a challenge. https://lnkd.in/enDptQsc #AI #VC #IP #Patents #ArtificialIntelligence #DeepTech #EuropeAI

💸 Amsterdam-based Lleverage lands €2 Million to pave the way for universal AI integration in companies. ❓ But what do Lleverage do? They address the key AI development issues that many companies are facing today – such as limited expertise, working with large language models and the uncertainty in using AI in the first place. 🤖 Lleverage’s low-code platform makes it easy to create, test, and deploy AI features, allowing AI to be accessible to companies of all sizes and expertise. 📍With Lleverage’s funding news – it further demonstrates Amsterdam as being the hub when it comes to startups and AI – having recently being reported by Startup Genome as the second most attractive city for startups after London in Europe. 🔗 Read more about how Lleverage is revolutionising the AI scene here: https://lnkd.in/eEC3PDij #AmsterdamAI #TechInnovation #AIStartUpsAmsterdam #AICommunity #AIDevelopment

Exciting times in the world of #GenerativeAI! Startups are on a mission to make this tech accessible to all companies, overcoming challenges in model integration and deployment costs. 🚀 Orchestration startups are leading the charge, helping developers navigate the complexities of large language models. As industry leaders adopt a multi-model approach, the future looks promising. According to PitchBook's 2024 Enterprise Technology Outlook, open-source generative AI orchestration projects are poised to birth unicorn startups! Notable funding rounds include significant amounts, emphasizing the market's evolution as more startups adopt cost-effective open-source models. This shift empowers users to access multiple models and optimize tasks efficiently. Leaders in this space are tackling fundamental challenges, signaling an exciting future for #AI and #TechInnovation. https://lnkd.in/esPcZuG2

🚀Exciting Times Ahead in Generative AI Orchestration The tech space is witnessing a race as startups delve into the realm of generative AI orchestration. Jacob Robbins sheds light on why this niche is heating up and why it's more than just perfecting large language models. The crux? It's about solving real-world problems: choosing the right model, seamlessly integrating multiple models into a unified service, and cost-effective deployment. Why the hype? Orchestration startups act as the linchpin, aiding developers in managing and integrating these AI models. With a surge in companies embracing a multi-model approach, these startups are stepping into the limelight, offering solutions that cater to the evolving landscape of generative AI. PitchBook's senior analyst Brendan Burke foresees a unicorn startup surge thanks to open-source generative AI orchestration projects. As startups seek cost-efficient open-source models, orchestration platforms, like Anyscale, facilitate access to multiple models and task routing, cutting down on usage-based charges. Startups like Anyscale, Weights & Biases, Pinecone, Essential AI, among others, are making headlines with significant funding rounds, each contributing to solving fundamental challenges in this space. Exciting times ahead for the intersection of generative AI and orchestration! #GenerativeAI #TechInnovation #OrchestrationStartups #AIIntegration #FutureTechTrends #partnerships

🚀 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 𝐚𝐧𝐝 𝐒𝐚𝐫𝐯𝐚𝐦 𝐀𝐈 are teaming up to transform 𝐯𝐨𝐢𝐜𝐞-𝐛𝐚𝐬𝐞𝐝 𝐀𝐈 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐬 across 𝐈𝐧𝐝𝐢𝐚. What does this mean for the digital landscape? 🌐 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧: Microsoft partners with Sarvam AI, spotlighting India's potential in AI-driven voice technology. 💰 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐅𝐮𝐧𝐝𝐢𝐧𝐠: Sarvam AI secures $41 million in Series A, backed by Lightspeed Venture Partners, Peak XV Partners, and Khosla Ventures. 🗣️ 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐈𝐧𝐝𝐢𝐜 𝐋𝐚𝐧𝐠𝐮𝐚𝐠𝐞𝐬: Sarvam AI's generative AI models are specially designed for Indic languages and contexts. 🤖 𝐀𝐳𝐮𝐫𝐞'𝐬 𝐍𝐞𝐰 𝐆𝐮𝐞𝐬𝐭𝐬: Microsoft will host Sarvam AI's large language models on Azure, enhancing the platform's capabilities. 🏠 𝐇𝐨𝐦𝐞𝐠𝐫𝐨𝐰𝐧 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧: The founders, alumni of IIT Madras, contribute their expertise from working with AI4 Bharat. 💡 𝐀𝐈 𝐟𝐨𝐫 𝐄𝐯𝐞𝐫𝐲𝐨𝐧𝐞: The collaboration emphasizes making AI accessible across India, breaking language and digital barriers. 🌟 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬: This partnership aims to drive India's AI-first ambition, equipping communities with advanced AI tools. This collaboration between 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 𝐚𝐧𝐝 𝐒𝐚𝐫𝐯𝐚𝐦 𝐀𝐈 is not just a leap in technology; it's a bridge connecting diverse Indian languages with the global digital ecosystem. By focusing on 𝐯𝐨𝐢𝐜𝐞-𝐛𝐚𝐬𝐞𝐝 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈, they are paving the way for a future where everyone can interact with technology in their native tongue. Let's tune in to the future—where every voice is heard, and every language is empowered! https://lnkd.in/dPThp6ST