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AI chip startup DEEPX secures $80 million Series C at $529 million valuation

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Semiconductor and circuit board with data flowing.

DEEPX is a South Korean AI chip-on-device startup that creates hardware and software for various AI applications in electronic devices. This week, the corporate announced that it had raised $80 million (KRW 108.5 billion) in a Series C round at a valuation of $529 million (KRW 723 billion), a rise of greater than eightfold in comparison with its Series B financing of roughly $15 thousands and thousands of dollars. in 2021

The Series C funding, which brings a complete amount of roughly $95 million, will support mass production of the startup’s inaugural products – DX-V1, DX-V3, DX-M1 and DX-H1 – in late 2024 for global distribution. The startup will even use the brand new capital to speed up the event and launch of a brand new generation of enormous language model (LLM) device solutions.

DEEP was founded in 2018 by CEO Lokwon Kim, who previously worked at Apple, Cisco Systems, IBM Thomas J. Watson Research Center and Broadcom.

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The global edge AI, also called on-device AI, market size is: expected to achieve $107.47 billion by 2029The latest report shows that in 2021, this amount increased from $11.98 billion. “The market for AI on devices, excluding edge servers, requires the implementation of AI capabilities bypassing servers or the cloud,” Kim told TechCrunch. “The on-device AI market is growing with computer vision capabilities such as facial and voice recognition, smart mobility, robotics, IoT and physical security systems.”

Kim said that if mass production begins this yr, potential customers equivalent to end-product manufacturers could commercialize their products with DEEPX AI chips in 2025.

DEEPX, with about 65 employees, just isn’t the one company that has developed AI chip solutions. The Korean company competes with Hailo, which received a $120 million funding round last month; SiMa.ai, which closed on $70 million, also in April; and Axelera, a Belgian AI chip startup that raised $27 million in 2022.

Kim said his company’s differentiators include cost efficiency, energy efficiency and All-in-4 AI, a comprehensive solution for various AI applications. Its All-in-4 AI solutions include: DX-V1 and DX-V3, designed for vision systems in home appliances, surveillance camera systems, robotic vision systems and drones; in addition to the DX-M1 and DX-H1, that are designed for AI computing computers, AI servers, smart factories and AI amplification chips. Kim said DEEPX currently has greater than 259 patents pending within the U.S., China and South Korea.

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“Nvidia’s GPGPU-based solutions are most cost-effective for services with large language models such as ChatGPT; the total power consumed by running GPUs has reached levels that exceed the electricity of the entire country,” Kim said. “This collaborative technology between server-scale AI and large AI models on devices is expected to significantly reduce energy consumption and costs compared to relying solely on data centers.”

The startup has no customers yet, but is working with over 100 potential customers and strategic partners equivalent to Hyundai Kia Motors Robotics Lab and Korean IT company POSCO DX to check the capabilities of DEEPX’s AI chips.

SkyLake Equity Partners, a South Korean technology private equity firm, led the newest investment with BNW Investments, a Korean private equity firm founded by the previous CEO of Samsung LED and Samsung Electronics’ memory chip unit. AJU IB and former sponsor Timefolio Asset Management also participated on this round.

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This article was originally published on : techcrunch.com

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PO clarous Director General Zoom also uses AI avatar during a quarterly connection

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Zoom CEO Eric Yuan

General directors at the moment are so immersed in artificial intelligence that they send their avatars to cope with quarterly connections from earnings as a substitute, a minimum of partly.

After AI Avatar CEO CEO appeared on the investor’s conversation firstly of this week, the final director of Zoom Eric Yuan also followed them, also Using his avatar for preliminary comments. Yuan implemented his non -standard avatar via Zoom Clips, an asynchronous company video tool.

“I am proud that I am one of the first general directors who used the avatar in a call for earnings,” he said – or fairly his avatar. “This is just one example of how Zoom shifts the limits of communication and cooperation. At the same time, we know that trust and security are necessary. We take seriously the content generated AI and build strong security to prevent improper use, protect the user’s identity and ensure that avatars are used responsibly.”

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Yuan has long been in favor of using avatars at meetings and previously said that the corporate goals to create Digital user twins. He just isn’t alone on this vision; The CEO of transcript -powered AI, apparently, trains its own avatar Share the load.

Meanwhile, Zoom said he was doing it Avatar non -standard function available To all users this week.

(Tagstranslat) meetings AI

This article was originally published on : techcrunch.com
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The next large Openai plant will not be worn: Report

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Sam Altman speaks onstage during The New York Times Dealbook Summit 2024.

Opeli pushed generative artificial intelligence into public consciousness. Now it might probably develop a very different variety of AI device.

According to WSJ reportThe general director of Opeli, Altman himself, told employees on Wednesday that one other large product of the corporate would not be worn. Instead, it will be compact, without the screen of the device, fully aware of the user’s environment. Small enough to sit down on the desk or slot in your pocket, Altman described it each as a “third device” next to MacBook Pro and iPhone, in addition to “Comrade AI” integrated with on a regular basis life.

The preview took place after the OpenAI announced that he was purchased by IO, a startup founded last 12 months by the previous Apple Joni Ive designer, in a capital agreement value $ 6.5 billion. I will take a key creative and design role at Openai.

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Altman reportedly told employees that the acquisition can ultimately add 1 trillion USD to the corporate conveyorsWearing devices or glasses that got other outfits.

Altman reportedly also emphasized to the staff that the key would be crucial to stop the copying of competitors before starting. As it seems, the recording of his comments leaked to the journal, asking questions on how much he can trust his team and the way rather more he will be able to reveal.

(Tagstotransate) devices

This article was originally published on : techcrunch.com
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The latest model AI Google Gemma can work on phones

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It grows “open” AI Google, Gemma, grows.

While Google I/O 2025 On Tuesday, Google removed Gemma 3N compresses, a model designed for “liquid” on phones, laptops and tablets. According to Google, available in a preview starting on Tuesday, Gemma 3N can support sound, text, paintings and flicks.

Models efficient enough to operate in offline mode and without the necessity to calculate within the cloud have gained popularity within the AI ​​community lately. They will not be only cheaper to make use of than large models, but they keep privacy, eliminating the necessity to send data to a distant data center.

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During the speech to I/O product manager, Gemma Gus Martins said that GEMMA 3N can work on devices with lower than 2 GB of RAM. “Gemma 3N shares the same architecture as Gemini Nano, and is also designed for incredible performance,” he added.

In addition to Gemma 3N, Google releases Medgemma through the AI ​​developer foundation program. According to Medgemma, it’s essentially the most talented model to research text and health -related images.

“Medgemma (IS) OUR (…) A collection of open models to understand the text and multimodal image (health),” said Martins. “Medgemma works great in various imaging and text applications, thanks to which developers (…) could adapt the models to their own health applications.”

Also on the horizon there may be SignGEMMA, an open model for signaling sign language right into a spoken language. Google claims that Signgemma will allow programmers to create recent applications and integration for users of deaf and hard.

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“SIGNGEMMA is a new family of models trained to translate sign language into a spoken text, but preferably in the American sign and English,” said Martins. “This is the most talented model of understanding sign language in history and we are looking forward to you-programmers, deaf and hard communities-to take this base and build with it.”

It is value noting that Gemma has been criticized for non -standard, non -standard license conditions, which in accordance with some developers adopted models with a dangerous proposal. However, this didn’t discourage programmers from downloading Gemma models tens of tens of millions of times.

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(Tagstransate) gemma

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This article was originally published on : techcrunch.com
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