News/Fundraising
Brain-Inspired AI Startup Challenges GPT’s Dominance with Gates Foundation Funding
The Gates Foundation is funding Numenta, a company founded by Jeff Hawkins, to develop AI inspired by the human brain, potentially challenging the current dominance of large language models like GPT. Key Takeaways: Numenta, founded by PalmPilot co-inventor Jeff Hawkins, has received $2.7 million from the Gates Foundation to develop AI software based on Hawkins' theories about the human brain. Hawkins believes that AI should behave like the neocortex, the part of the brain responsible for thinking, acting, and speaking, in order to achieve true intelligence. The funding will support Numenta's Thousand Brains Project, which aims to release code reflecting...
read Jun 20, 2024Europe’s AI Uprising: French Funding Soars, London Startups Lead the Charge
Europe is emerging as a major player in the rapidly evolving generative AI landscape, with France leading the charge in terms of funding and London boasting the highest number of GenAI startups, according to a new report from Accel and Dealroom. London's startup scene thriving: The British capital has proven to be a hotbed for GenAI innovation, with 27% of the 221 startups analyzed in the report being founded in London, followed by Tel Aviv at 13% and Berlin at 12%. Despite Paris being widely recognized as a major AI development hub, it ranked in the middle of the city...
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