Snowflake to acquire database startup Crunchy Data

Snowflake to acquire database startup Crunchy Data

The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment…

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Former DreamWorks CEO Jeffrey Katzenberg co-leads .5M Series A for AI video ad platform

Former DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platform

DreamWorks co-founder Jeffrey Katzenberg’s venture fund WndrCo co-led a $15.5 million Series A round for Creatify, an AI video ad platform. Creatify’s AdMax platform uses AI to quickly generate dozens of video advertisements, which are geared toward social media marketing — AdMax analyzes high-performing social video campaigns on apps like TikTok and Instagram to shape…

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Microsoft Bing gets a free Sora-powered AI video generator

Microsoft Bing gets a free Sora-powered AI video generator

Microsoft Bing announced today that it is introducing the Bing Video Creator to its app, which uses OpenAI’s Sora model to let users generate videos from text prompts. OpenAI, which has a longstanding partnership with Microsoft, has locked down access to Sora‘s video generation for paying customers only. Its integration in Microsoft Bing represents the…

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Samsung may incorporate Perplexity’s AI tech in its phones

Samsung may incorporate Perplexity’s AI tech in its phones

Samsung is closing in on an investment in AI search startup Perplexity that would also see the Korean tech giant incorporating the AI company’s tech into its devices, Bloomberg reported, citing anonymous sources. As one of the biggest investors in the AI company’s new fundraising round, Samsung is discussing having Perplexity’s app and assistant pre-installed…

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For the love of God, stop calling your AI a co-worker

For the love of God, stop calling your AI a co-worker

Generative AI comes in many forms. Increasingly, though, it’s marketed the same way: with human names and personas that make it feel less like code and more like a co-worker. A growing number of startups are anthropomorphizing AI to build trust fast — and soften its threat to human jobs. It’s dehumanizing, and it’s accelerating….

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