This Week in Generative AI – 9th to 15th September

Databricks Raises Series I Investment at $43B Valuation

Data and AI company Databricks has raised over $500 million in Series I funding, valuing the company at $43 billion.
The funding round was led by T. Rowe Price and included new investors Capital One Ventures, Ontario Teachers’ Pension Plan, and NVIDIA.
Databricks aims to unify data, analytics, and AI on a single platform to help customers derive insights and build generative AI solutions faster.

Google is funding 15 AI-powered projects, including digital health initiatives, to improve provider experience and patient access to care.
The projects include tools for triaging patients, detecting neonatal complications, decreasing agitation in dementia patients, diagnosing illnesses, providing health information, managing patient information, and improving accessibility for deaf individuals.
Google’s own machine learning technology, Med-PaLM 2, is also being utilised to answer medical questions with high accuracy.

Adobe has released an all-new, AI-powered Creative Cloud featuring generative AI capabilities integrated into apps like Photoshop and Illustrator.
The release also includes new AI-driven features in Premiere Pro and After Effects and the introduction of Adobe Express Premium and the Firefly web application.
Adobe is also introducing a credit-based model for generative AI, allowing users to turn text-based prompts into image and vector creations.
The Creative Cloud subscription plans will also see price updates starting November 1, 2023.

Amazon has introduced generative AI capabilities to assist sellers in creating and managing their product listings.
The AI technology can generate high-quality product content based on a brief description provided by the seller, saving time and enhancing the shopping experience for customers.
eBay has also announced plans to add an AI-powered image-based listing tool.

LinkedIn has introduced two generative AI features, AI-assisted search and Account IQ, to its Sales Navigator platform.
The AI-assisted search function allows sellers to use conversational language search prompts to find leads, while Account IQ gathers key information from various sources to summarise accounts.
These features are currently being piloted with a limited number of customers.