Hello humans,

Welcome to another edition of the AI Chronicles

In this edition, we'll discuss Top AI Funding in 2024

🗞 This Week in AI

• Apple in talks with Google for using Gemini to bring generative AI features to iPhones.

• Qualcomm's latest chip brings on-device generative AI to mid-tier smartphones.

• The EU finally adopts the AI Act in landslide vote.

• Indian IT Ministry replaces AI advisory, drops requirement of government’s permission.

• Fooled by your own kid? Chilling rise of AI voice cloning scams.

👀 Top AI Funding in 2024

1. Moonshot AI
   This Beijing-based AI startup, which specializes in large language foundation models, raised a $1 billion Series B funding at a $2.5 billion valuation. The round was led by Alibaba and Sequoia Capital China​​.

2. Lambda
   A cloud-based GPU company, Lambda also secured funding north of $200 million, demonstrating strong investor confidence in AI infrastructure solutions​​.

3. Glean

   An AI search company, Glean raised funds in excess of $200 million, showcasing the potential for AI to transform search and information retrieval​​.

4. Kismet
   This company, aiming to connect caregivers, health insurance, and care providers, secured an $8.2M round supported by Dutch VC.

5. Bluwhale
   An AI Web3 startup formed by alumni from Stanford, Berkeley, and TikTok, raised $7M​​.

6. Haiper
   Funding: $474.4M. Exscientia is applying AI and big data processing to accelerate drug discovery and development.
   

7. Figure
   A two-year-old humanoid robot company, Figure raised $675 million at a $2.7 billion value. The company partnered with OpenAI, and its investors included Microsoft, Nvidia, and Bezos Expeditions among others​​.

8. Yendou
   Focusing on life sciences R&D, particularly speeding up oncology trials, Yendou secured $1.3M​​.

9. Suiso

   A UK-based company aiming to produce low-cost, low-carbon hydrogen, snapped £3M in funding​​.

10. Flagstone
    After Monzo, UK fintech company Flagstone raised a significant £108M equity investment, highlighting the growth in fintech alongside AI​​.

🦾Top AI Trends for 2024

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🐦 Meme of the Week

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🧠 AI Fun Fact

Grammys smartly exclude Artificial Intelligence from award eligibility, disqualifying "Heart on My Sleeve," featuring replicated Drake and the Weeknd voices, from 2024 nominations.

That wraps up today's segment of The AI Chronicles.

See you next Wednesday!