Author: TechBrunch

Generative AI models are increasingly being introduced into healthcare settings, but in some cases it is perhaps too early. Early adopters believe they can unlock insights that would otherwise be missed while realizing increased efficiency. However, critics say these models are flawed and biased and can lead to poorer health outcomes. But is there a quantitative way to know how helpful or harmful a model is when tasked with a task like summarizing patient records or answering health-related questions? AI startup Hugging Face proposes a solution in a newly released benchmark test called Open Medical-LLM. Created in collaboration with researchers…

Ibotta debuted at $117 per share on Thursday, beginning its journey as a publicly traded company. This is a significant increase from the IPO price of $88 and also an increase from the proposed price of $76 to $84 per share. And this pop comes even as the company expanded its offering earlier this week, with existing shareholders increasing the offering by just under 1 million shares. Although the stock price has not continued to rise in early trading, it remains stable above the IPO price of approximately $100 at the time of writing. The company “left money for very…

Consolidation is happening rapidly in the security world. Lacework, a cloud security startup whose previous funding round had a post-money valuation of $8.3 billion, is in talks to be acquired by another security company, Wiz, for just $150 million to $200 million, according to sources. It is said that A person close to the negotiations said the two companies have already signed letters of intent and that the status of negotiations is “somewhere in the middle.” That means the acquisition is not yet complete and the deal could still fall through. While both companies are working on the broader field…

A financially motivated criminal hacking group says it has stolen a confidential database containing millions of records used by companies to screen potential customers for links to sanctions and financial crimes. The hackers, who call themselves GhostR, said in March they stole 5.3 million records from the World-Check testing database and threatened to publish the data online. World-Check is a screening database used for “Know Your Customer” checks (KYC), which allows businesses to identify potential customers as high-risk, such as those involved in money laundering or under government sanctions. , you can determine if you are a potential criminal. The…

AT&T's recent mega-customer data breach (74 million accounts affected) reveals how much influence data carriers have on their users and that their data exists because of hacks I made it. On Thursday, he announced $61 million in funding to help a Washington, D.C.-based startup called Cape, founded by former Palantir executives, build what it claims will be a safer approach. Giving away your name, address, social security number, or location because they never asked for it in the first place. According to the company's website, “You can't leak or sell what you don't have.” “We ask for minimal personal information…

Meta has released Llama 3, the latest in the Llama series of open source generative AI models. More precisely, the company has open sourced two of his models of the new Llama 3 family, and the remaining models are expected to be released in an unspecified future. Mehta said the new model Llama 3 8B contains 8 billion parameters, Llama 3 70B contains 70 billion parameters, and the previous generation Llama models Llama 2 8B and Llama 2 70B. He described it as a “huge improvement” compared to the previous. In terms of performance. (Parameters essentially define an AI model's…

Meta is making some big moves today to advance AI services across its platform. The company has upgraded his AI chatbot with its latest large-scale language model, Llama 3, which now runs in the search bar of his four major apps: Facebook, Messenger, Instagram, and WhatsApp. In addition to this, the company also announced other new features such as faster image generation and access to his web search results. This confirms and expands on a test TechCrunch reported last week that found the company had begun testing meta AI in Instagram's search bar. The company also plans to launch a…

TechCrunch reports that NASA's decision to cancel its $11 billion, 15-year mission to return samples to Mars could spark a supply frenzy for startups. NASA is going back to square one in hopes of getting the space industry to cooperate, saying the plan is too slow and too expensive. Sure, you might worry that NASA won't be able to manage its own missions on an acceptable schedule and budget, but huge amounts of money are being swallowed up by startups working on making space more accessible. Opportunity can be a huge boon. Startups aren't all social media apps, enterprise software,…

Uber and Nvidia-backed sidewalk robot delivery company Saab Robotics went public on the New York Stock Exchange on Thursday, becoming the latest startup to choose to go public through a reverse merger as an alternative means of financing growth. . The company, which was spun out from Uber's acquisition of Postmates in 2021, is listed on the Nasdaq under the ticker “SERV” and has gross proceeds of approximately 10,000 yen at the stock price “before underwriting discounts and offering expenses,” according to regulatory filings. The amount is 40 million dollars. of $4. Serve completed its reverse merger with blank check…

Starting this year, thousands of New York City buildings must begin reducing their carbon footprint. But before that happens, owners need to understand how much pollution they are creating. According to the U.S. Energy Information Administration, electricity alone accounts for 60% of the total energy use in commercial buildings. There are many tools that can convert your electricity bill into an estimated carbon footprint, but many are based on rough estimates. With the proliferation of intermittent wind and solar power, knowing when you're using electricity is just as important as how much you're using. That's why carbon tracking startup Nzero…