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GenAI startup Rabbitt.AI raises $2.1 million to surpass OpenAI
London-based GenAI startup Rabbitt.AI has reportedly raised $2.1 million in funding from TC Group of Companies. The company provides customized LLM development tools, RAG fine-tuning, and creation and deployment services for advanced AI applications such as data center AI. Their platform features MLOps collections, voice robot AI agents, etc., and prioritizes private-first strategies in AI deployment. Rabbitt was founded by IIT-D alumni, and its recent round of funding also came from…- 5.7k
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Systematic understanding of AI, 12 questions to help you systematically understand AI
Recently, I often have friends asking questions in the background: How to use Kimi? What is your level? How to write prompts? How to optimize prompts? What are the innovative ways to play? How to deploy locally? I think it would be better to write a series of articles for everyone, "Kimi Usage, From Beginner to Master". A tall building starts from the ground, in order to take care of the new students, we will start with common sense. Let's use 12 questions to help you understand AI systematically. 1. What is AI? AI is the abbreviation of Artificial Intelligence, which means artificial intelligence. It is the research and development of artificial intelligence for simulation...- 3.1k
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Nvidia says 20,000 GenAI startups are developing on its platform
Nvidia CEO Jensen Huang highlighted in the Q1 2025 earnings call that there are currently 20,000 GenAI startups using Nvidia’s accelerated computing platform. These companies cover a variety of fields, from multimedia to digital characters, design to application production, digital biology, and more. This surge in demand has left Nvidia unable to supply, and the CEO said this situation will continue until 2024. At the same time, Nvidia is actively promoting Ethernet networking to expand the field of artificial intelligence computing. The CEO…- 1.2k
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Study predicts: Generative AI spending will reach $26 billion by 2027
According to the latest data from International Data Corporation (IDC), the Asia-Pacific region is about to embark on a transformative journey, with a surge in the adoption of generative artificial intelligence (GenAI). IDC's forecast indicates that spending in this area will soar to US$26 billion by 2027, with a compound annual growth rate (CAGR) of 95.4% from 2022 to 2027. GenAI is a branch of computer science that enables computers to create new content from existing materials and is gaining more and more attention in all walks of life. IDC predicts that this technology will completely change the next… -
Salaries of technologists with generative AI skills in India to rise by 30-501T
Technicians in India are driving salary growth with additional AI, GenAI, and related skills, with salaries increasing by 30-50% compared to those without these skills. According to Careernet, GenAI professionals can be divided into three categories: GenAI technology developers, GenAI product developers, and GenAI users. Source note: Image generated by AI, image licensed to Midjourney In 2019, a technician named Abhishek (pseudonym) graduated from a second-tier engineering college in Bangalore, India…- 1.1k
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Open source AI ecosystem platform FlowGPT receives tens of millions of dollars in investment
FlowGPT, a global open source AI ecosystem platform, was founded by Chinese people born in the 2000s. It aims to become a global open source ecosystem platform for GenAI, providing users with a community for exchanging AI practices and the tools needed to actually develop AI applications. Users and creators can interact on the platform and create and share various GenAI applications. FlowGPT recently received a $10 million investment led by Silicon Valley venture capital fund Goodwater Capital and followed by old shareholder DCM Ventures. The platform is similar to an app store,…- 2.9k
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Report: Generative AI will help 60%'s top Asian companies improve employee retention
A new report shows that by 2025, about 60% of Asia's top companies will upgrade hardware and software technologies to improve employee retention by personalizing the work experience and enhancing collaboration. Generative AI has emerged as a game changer for organizational progress, weaving a seamless tapestry in three key areas: Intelligent Document Processing (IDP), generative automation, and knowledge sharing. The IDC report predicts: "By 2026, enterprises that connect GenAI with intelligent document processing will find more ways to use it, thereby improving productivity, scalability, and providing more...- 3.3k
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Report predicts that the global generative AI market will reach $100 billion by 2028
In 2023, the rise of generative artificial intelligence (GenAI) technology has shaken the world. While many organizations have shown strong interest in GenAI technology, the market has been relatively limited to date. European technology company Sopra Steria Next conducted a study to understand the trajectory of the GenAI market in the coming years. The study states that the GenAI market is expected to grow to more than $100 billion in 2028. This represents a tenfold increase in the GenAI market, from approximately $8 billion in 2023 to $100 billion in 2028…- 6.7k
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Infosys Research: European companies' investment in generative AI will increase by 115% to $2.8 billion by 2024
Europe is increasing its investment in generative artificial intelligence (GenAI), but is moving more cautiously relative to North America, according to new research from the Infosys Knowledge Institute (IKI). The study predicts that European companies will increase their GenAI investments by $115% to $2.8 billion over the next year. Europe is investing at a slower pace than North America, where spending is expected to approach $6 billion. This more cautious investment is mainly due to ethical and bias issues in the more stringent European market. However, European companies are more cautious about the impact of GenAI on their business…- 2.5k
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