12 05 23 The ChatGPT Rivalry Google's Gemini Takes AI Battle to New Heights| Daily Capital News!

**Daily Capital News Highlights:**Show more

1. **Google's Gemini vs. GPT-4:** Google has unveiled Gemini, its response to GPT-4, with a version called "nano" designed for mobile integration in the latest Pixel phones. Some critics, such as TechCrunch's Kyle Wigger, express concerns about a rushed launch.

2. **AI Chip Trends:** Meta, OpenAI, and Microsoft have announced plans to use AMD's newest AI chip, the Instinct MI300X, signaling a shift away from Nvidia chips, which have been crucial to the AI boom.

3. **Privacy Concerns:** A senator warns about governments using push notifications on Apple and Google devices for surveillance purposes, highlighting ongoing concerns about user privacy.

**Major Fundings:**

- **Klook Travel Technology:** A Hong Kong-based travel booking service, secures $210 million in funding led by Bessemer Venture Partners, raising over $900 million in total.

- **MaintainX:** A San Francisco startup focused on maintenance operations software, raises $50 million at a $1 billion valuation, led by Bain Capital Ventures.

- **Pragmatic:** A UK semiconductor manufacturer, closes a $203.9 million first close on its Series D round.

- **Vast Data:** A New York and Israeli startup streamlining data storage for AI models, raises $118 million in Series E at a $9.1 billion valuation.

**Other Fundings:**

- **AgroSpheres:** A biopesticide delivery system startup in Virginia, secures $25 million in Series B funding.

- **Blue World Technologies:** A Danish fuel cell manufacturer for automotive and heavy-duty transportation, raises $11.9 million.

- **Center:** A Bellevue, Washington-based startup offering corporate cards and travel expense management software, closes a $30 million Series C round.

- **Ladder:** An Austin startup focused on strength training, raises $12 million in a Series A round.

- **Leonardo.ai:** A Sydney-based startup specializing in generative AI art production, raises $31 million.

- **Orchid:** A San Francisco startup providing genome screening for embryos, raises $12 million.

- **Replicate:** A San Francisco startup enabling developers to access and experiment with open-source AI models, secures $40 million in Series B at a $350 million valuation.

**Smaller Fundings:**

- **Omniful:** A Riyadh startup aiding merchants with order and warehouse management, raises a $5.9 million seed round.

- **OurSky:** A space data platform startup, raises $9.5 million in a seed round.

- **PlantSwitch:** A North Carolina startup utilizing agricultural waste for biodegradable resins, secures $7.7 million.

- **Respeecher:** A Ukrainian startup with voice cloning software, raises $1 million in a pre-series A round.

- **Spade:** A New York startup utilizing real-time transaction data to identify fraudulent activity, closes a $10 million Series A round.

**New Funds:**

- **Daily Mail's Venture Fund:** The Daily Mail's publisher collaborates with Moore Capital Management to launch a venture fund focusing on seed and early-stage clean tech startups, backed by $200 million from Moore.

**Going Public:**

- Vietnamese companies are exploring the U.S. IPO market amidst a lull in Chinese listings.

**People:**

- Google CEO Sundar Pichai and Google DeepMind co-founder and CEO Demis Hassabis discuss the release of Gemini.

- TIME profiles Sam Altman, CEO of OpenAI, describing a pattern of seeking power.

- Elon Musk expresses his disapproval of violence in Grand Theft Auto.

- Apple executive Steve Hotelling, who invented the iPhone screen and Touch ID, announces his retirement.

Feel free to ask if you have specific questions or if there's anything else you'd like to know more about!