Plus: Hinton and Bengio amongst leaders signing new AI coverage letter.
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Google and Nvidia-backed CentML secures $37 million CAD to assist firms deploy AI amid chip shortages (BETAKIT)
CentML, which has secured $37 million CAD ($27 million USD) in seed funding and help from a bunch of big-name traders, seems to be to assist firms work out what {hardware} they’ll use to spice up the efficiency and scale back the price of their ML fashions.
“Primarily, what we have achieved is we get far more juice out of the out there {hardware} for purchasers,” CentML co-founder and CEO Gennady Pekhimenko informed BetaKit in an interview.
Will synthetic intelligence take over for people? The jury remains to be out (THE GLOBE AND MAIL)
As productivity-fixated economists have lengthy mentioned, expertise might taketh away, however expertise additionally giveth again.
The Globe and Mail’s John Lorinc explores research on the job market because the growing variety of organizations hustling to include AI instruments with executives and shareholders hoping these techniques sharply scale back headcounts.
Hinton, Bengio, amongst 24 skilled signatories with policy-focused AI suggestions in new letter (BETAKIT)
Canadian synthetic intelligence (AI) pioneers Geoffrey Hinton and Yoshua Bengio have added their names to a brand new letter warning in opposition to the unfettered improvement of AI.
They be a part of 22 different teachers and consultants, together with CIFAR chairs chargeable for implementing the Pan-Canadian AI Technique, in a name for trade labs to dedicate one third of their analysis and improvement assets to making sure protected and moral use of the expertise, amongst different coverage suggestions.
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Databricks, the $43 billion analytics agency, acquires knowledge startup Arcion for $100 million (CNBC)
Databricks has agreed to accumulate Arcion, an enterprise knowledge firm, for about $100 million, together with incentives, CEO Ali Ghodsi informed CNBC.
The acquisition comes after Databricks introduced a $500 million funding spherical in September at a valuation of $43 billion. Arcion is Databricks’ first acquisition since buying MosaicML, an AI infrastructure startup specializing in coaching massive language fashions, for $1.3 billion.
Deloitte spinout Arteria AI closes $46-million CAD Collection B to assist banks flip paperwork into knowledge (BETAKIT)
Toronto-based enterprise synthetic intelligence (AI) startup Arteria AI, which helps among the world’s largest banks deal with documentation challenges, has secured about $46 million CAD ($30 million USD) in Collection B funding to gasoline its go-to-market and product improvement efforts.
Arteria AI sells AI-powered software program designed to assist monetary establishments generate, collaborate on, and analyze varied paperwork, from contracts to invoices and notices.
AI-based knowledge middle optimization startup MangoBoost raises $55M Collection A (TECHCRUNCH)
One knowledge processing unit (DPU) developer, MangoBoost, has raised a $55 million Collection A for its DPU {hardware} and software program options that assist enterprises and knowledge facilities handle large quantities of information to optimize workloads.
The Seattle- and Seoul-based startup says its DPU answer allows knowledge facilities to scale back energy consumption and optimize efficiency with value effectivity and safety.
The way to get hybrid work proper for the long run (BETAKIT)
Specialists in help of distant work say worker difficulties are the fault of management, whereas leaders driving the return-to-office push say hybrid work is essentially flawed.
For John P. Trougakos, a professor of organizational behaviour on the College of Toronto and a office productiveness advisor, each events have a degree, so what are companies to do?
Talking with BetaKit, Trougakos defined find out how to actually get hybrid work proper—and why no two organizations ought to use the identical technique.
BenchSci, Inovia, Ada amongst #CDNtech orgs pledging to struggle office hate in wake of Israel-Hamas struggle (BETAKIT)
A coalition together with BenchSci, Ada, and Cohere, amongst different massive Canadian tech companies and traders has pledged to fight hate and intolerance within the office amid the worldwide response to the continuing Israel-Hamas struggle.
Printed by BenchSci on Monday, the pledge says it’s a response to the rising issues of antisemitism, Islamophobia, and hate, which it notes are usually not solely international points however are additionally being felt in Canada.
Some tech leaders concern AI. ScaleAI is promoting it to the navy.
(THE WASHINGTON POST)
Alexandr Wang grew up within the shadow of the Los Alamos Nationwide Laboratory — the birthplace of the nuclear bomb. Now, the CEO of synthetic intelligence firm ScaleAI intends to play a key function within the subsequent main age of geopolitical battle.
Scale, which was co-founded by Wang in 2016 to assist different firms manage and label knowledge to coach AI algorithms, has been aggressively pitching itself as the corporate that can assist the U.S. navy in its existential battle with China.
Model One Ventures explains find out how to fundraise when capital is not a commodity (BETAKIT)
What’s a founder to do in the event you’ve solely simply began your organization in 2023—proper on time to overlook the COVID-19 stimulus-fueled growth cycle and see capital dry up?
Angela Tran, Common Accomplice at Model One Ventures, on the #CIBCInnovationBanking podcast shared extra concerning the first main enterprise “winter” because the Nice Recession and what founders can do about it at present.
OpenAI kinds workforce to review ‘catastrophic’ AI dangers, together with nuclear threats (TECHCRUNCH)
OpenAI at present introduced that it’s created a brand new workforce to evaluate, consider and probe AI fashions to guard in opposition to what it describes as “catastrophic dangers.”
The workforce, known as Preparedness, will likely be led by Aleksander Madry, the director of MIT’s Heart for Deployable Machine Studying. Preparedness’ chief tasks will likely be monitoring, forecasting and defending in opposition to the risks of future AI techniques, starting from their capability to steer and idiot people to their malicious code-generating capabilities.
The way to navigate the “imperfect storm” of startup cybersecurity (BETAKIT)
What would you do if what you are promoting was the sufferer of a cyberattack—and to prime it off, you misplaced half your prospects due to it?
In a current BetaKit Dwell dialog, three skilled panellists mentioned the very actual enterprise dangers of a cyberattack and the way small enterprise and startup homeowners ought to interact with these dangers.
Be taught concerning the speedy progress of cybercrime from Aviva Klein, VP of Digital Funds & Cybersecurity Options at Mastercard in Canada, Darryl Julott, Managing Lead at Digital Primary Road, and Charles Finlay, Government Director of the Rogers Cybersecure Catalyst at Toronto Metropolitan College.
Federal, Québec governments make investments over $7.6 million into quantum telecom testbed (BETAKIT)
The federal authorities and the Authorities of Québec are collectively investing over $7.6 million right into a testbed that can permit companies to experiment with quantum techniques and purposes for telecom networks.
The brand new testbed, which project-deployer Numana mentioned is the primary of its variety in Canada, will permit companies to experiment with new quantum applied sciences for telecom networks, with out disrupting present infrastructure.
Tech alliance in AI requirements push to fill ‘hole’ in regulation
(FINANCIAL TIMES)
Microsoft, OpenAI, Google and Anthropic have stepped up a united push in direction of security requirements for synthetic intelligence and appointed a director as their alliance seeks to fill “a spot” in international regulation.
The 4 tech giants picked Chris Meserole from the Brookings Establishment to be govt director of the group. The discussion board additionally divulged plans to commit $10mn to an AI security fund.
