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A pair of scientists at Google's artificial intelligence subsidiary DeepMind is in talks with investors to form an AI startup in Paris, Bloomberg News reported on Friday, citing people familiar with the conversations. Scientists Laurent Sifre and Karl Tuyls, who have already given notice to leave DeepMind, have held discussions with investors about a financing round that could raise over 200 million euros ($217.84 million), the report said. The company, known at the moment as Holistic, may be focused on building a new AI model, the report added. Google and DeepMind did not immediately respond to Reuters' requests for comment. DeepMind was acquired by Alphabet-owned Google around a decade ago to fuel AI research and has now deployed its own offerings in the race to com Pet e with generative AI chatbots like Microsoft-backed ChatGPT. Paris-based Mistral AI, co-founded by a former DeepMind researcher, said in December it had raised 385 million euros ($419.34 mil...

OpenAI's announcement on artificial intelligence "apps" do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday. Investors are still hunting for new AI products that could help consumers interact better with the technology and address deep tech issues such as brain-computer interface, they said. The owner of the wildly popular ChatGPT chatbot earlier this week unveiled a marketplace that allows users to access personalized AI "apps" for tasks like teaching math or designing stickers. The news sparked fear among AI startup founders who worry they will not be able to com Pet e with OpenAI, which is trying to build an AI empire with products aimed at both consumers and enterprises. "There's so much room for continued innovation in AI. We're in an intermediary step in a decades-long revolution," Konstantine Buhler, partner at Sequoia Capital, told the ...

Apple Inc is backing a music startup launched by one of its former executives. The company, called Gamma, is the brainchild of former Apple Music Global Creative Director Larry Jackson and veteran music executive Ike Youssef. It positions itself as an alternative to traditional record labels. "The artists shaping today's culture not only create music , but also video, film, podcasts, fashion, and more," Jackson said in a statement Wednesday. "They shouldn't have to jump through multiple hoops to express themselves. Gamma says it will support content creation -- whether that is music , video or podcasts, and provide audio and video distribution through Vydia, a company it acquired in December 2022. Early projects will include work with Snoop Dogg and his Death Row catalog, Rick Ross, and Naomi Campbell, Gamma said. It also plans to collaborate with Todd Boehly's Eldridge, whose investments include the Los Angeles Dodgers, which is a major backer. ...

BEERSHEVA: An Israeli-made electric vehicle designed to fly commuters on short trips far above streets overcrowded with cars has made its maiden unmanned flight, a milestone the developer says will help it reach the market in the next two years. The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky. But this one, being developed by Israeli startup AIR, will be able to carry two people - an operator and passenger - as far as 100 miles on a single charge, the company says. AIR, and many com Pet itors around the world, are betting this kind of Travel will eventually become commonplace. "This is a major milestone," said CEO and co-founder Rani Plaut. "We have transitioned today to forward flight ... bringing (closer) our dream of mass production of the AIR ONE." There are still many significant obst...