Mira Murati's AI Startup Starts Hiring, IBM & L'Oréal Go Green, and Harvey AI Eyes $3B Valuation - Daily AI Brief #83

Hi there,

In today's news, Mira Murati's AI startup has hired a former OpenAI executive, IBM and L'Oréal are partnering for AI in sustainable cosmetics, and Harvey AI startup is eyeing a $3 billion valuation. And as you might have expected, the US and Tencent-backed AI firm Zhipu are facing trade restrictions again.

Top stories

Mira Murati's AI Startup Hires Former OpenAI Executive

Mira Murati's AI startup has recruited Jonathan Lachman, a former executive from OpenAI, along with other AI professionals, marking its first major hiring phase. Read more

IBM and L'Oréal Partner for AI in Sustainable Cosmetics

IBM and L'Oréal have teamed up to develop an AI model focused on sustainable cosmetic formulations, aiming to reduce waste and enhance product performance. Read more

Harvey AI Startup Eyes $3 Billion Valuation

The legal AI startup Harvey is in talks for a $300 million funding round led by Sequoia Capital, potentially doubling its valuation to $3 billion. Read more

US Restricts Trade with Tencent-Backed AI Firm Zhipu

The US government has added Zhipu, an AI startup backed by Tencent, to its trade restrictions blacklist, citing national security concerns. This move limits US suppliers from selling to the company without a license. Read more

FTC Refers Snap Inc. Complaint to DOJ

The Federal Trade Commission has referred a complaint against Snap Inc. to the Department of Justice, focusing on the AI chatbot My AI in the Snapchat app and its risks to young users. Read more

Dataiku Reaches $300 Million ARR, Boosts GenAI Use

Dataiku has announced it surpassed $300 million in annual recurring revenue, doubling its ARR in three years, and noted increased Generative AI adoption among its clients. Read more

OpenAI and Retro Biosciences Develop AI for Protein Engineering

OpenAI has partnered with Retro Biosciences to develop a machine learning model named GPT-4b, designed to generate new proteins for bioengineering. The model aims to predict protein interactions, with initial tests showing potential in enhancing cell conversion for medical treatments. Read more

Palantir to Invest in Shield AI Valued at $5 Billion

Palantir Technologies Inc is in discussions to invest in Shield AI, a drone startup from San Diego, which aims to reach a $5 billion valuation in its latest funding round. The startup plans to raise approximately $200 million, with expected contributions from defense and aerospace companies including Palantir, Airbus, and L3Harris Technologies, as well as venture capital firms like Andreessen Horowitz and Point72. Read more

Other Stories

• ImageSource Launches AI-Focused Business Unit

• The Awareness Company Secures $1.6M for Data Platform

• Cognizant Introduces Neuro® AI Accelerator

• G-P Reports Record Growth and Launches AI HR Advisor

• Dynamo AI Partners with Carahsoft for Government AI Solutions

• Mayo Clinic and Microsoft Partner on AI in Radiology

• Quantifind Secures $22M for AI Compliance and Risk Solutions

• ESR Group and CloudHQ Plan $2 Billion Data Center in Osaka

• Spencer Building Expands with New Data Halls

• Lyzr Partners with AWS for AI Integration

• DeepRoute.ai Partners with smart for Autonomous Driving Tech

• Raft Unveils New Data Platform for U.S. Defense

• Clinch Appoints New CFO Roy Balle

• Prophecy Inc. Secures $47M to Enhance Data Pipelines with AI

• Allganize and Hitachi Solutions Expand AI Partnership

• Global AI Acquires Tectu for $13 Million

• Workwize Raises $13M for AI IT Asset Management

• CAB Payments to Cut 20% of Staff for AI Investment

• Blaize and alwaysAI Partner for AI Edge Computing

• OpenAI's GPT-4o Approved for U.S. Government Use

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