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Reflection AI, a startup founded just last year by two former Google DeepMind researchers, has raised $2 billion at an $8 billion valuation, a whopping 15x leap from its $545 million valuation just seven months ago. The company, which originally focused on autonomous coding agents, is now positioning itself as both an open source alternative…
Chinese AI lab DeepSeek might be getting the bulk of the tech industry’s attention this week. But one of its top domestic rivals, Alibaba, isn’t sitting idly by. Alibaba’s Qwen team on Monday released a new family of AI models, Qwen2.5-VL, that can perform a number of text and image analysis tasks. The models can…
Chinese AI lab DeepSeek has released an open version of DeepSeek-R1, its so-called reasoning model, that it claims performs as well as OpenAI’s o1 on certain AI benchmarks. R1 is available from the AI dev platform Hugging Face under an MIT license, meaning it can be used commercially without restrictions. According to DeepSeek, R1 beats…
Chinese firms continue to release AI models that rival the capabilities of systems developed by OpenAI and other U.S.-based AI companies. This week, MiniMax, an Alibaba- and Tencent-backed startup that has raised around $850 million in venture capital and is valued at more than $2.5 billion, debuted three new models: MiniMax-Text-01, MiniMax-VL-01, and T2A-01-HD. MiniMax-Text-01…
If artificial intelligence evangelists’ predictions pan out, generative AI systems like ChatGPT and DALL-E are set to transform Hollywood by developing and writing scripts for the next hit TV show, “diversifying” casts with AI-generated actors and generating imagery across multiple mediums, practically instantly, for a fraction of the cost of a real, human artist. But…