British legal tech company Definely has raised a $7 million (£5.6 million) Series A investment round to advance its GenAI proposition that helps draft, edit, and understand legal documents. Last year, the Microsoft- and Google-backed company released Vault. This tool leverages AI and OCR technology to analyze and extract key information and clauses from an organization’s internal contract repository. Vault then makes this information readily available to users directly within their documents, exactly when and where it’s needed. One Of The 50 Fastest-Growing Tech Companies In The UK Founded by two former
Backpack Healthcare, an online pediatric mental healthcare provider, has announced a $14 million Series A funding round. Backpack Healthcare Backpack Healthcare, formerly Youme Healthcare, is a tech company that offers an app and teletherapy services designed to provide accessible and inclusive mental health support for young individuals. Led by founder and CEO Hafeezah Muhammad, Backpack Healthcare aims to make a positive impact on the lives of children and adolescents struggling with mental health challenges. With studies finding that 1 in 6 children have a mental, emotional or behavioural health disorder, along with more than
Black-owned music tech startup AudioStrip has won grant funding from the British government’s ‘AI in the Music Industry‘ Innovate UK fund. AudioStrip AudioStrip is a free online tool musicians use to split vocals from the backing music in audio files. It uses AI and Deep Learning, trained on large music datasets, to give users the best results and allow them to separate music quickly. The website uses the music source separation results from research. It is intended to make the AI models easier to use for musicians without requiring them to have
Nigeria has launched its first multilingual Large Language Model (LLM), announced Minister Bosun Tijani of the Ministry of Communications, Innovation, and Digital Economy. The initiative took place following a comprehensive four-day AI workshop in Abuja. The multilingual LLM is developed with local AI firm Awarritech, global tech entity DataDotOrg, the National Information Technology Development Agency (NITDA), and the National Centre for AI and Robotics (NCAIR). Capitalizing on a Growing Market With predictions from Statista that the AI market could reach $890 millon in 2024 and expand to $8.75 billion by 2030, Nigeria’s investment
Artists including Drake, Rihanna, The Weeknd, and Kendrick Lamar are returning to TikTok, as the platform has reached a new agreement with Universal Music Group (UMG). UMG had recently begun pulling its music from TikTok after their old contract expired, and the two companies couldn’t reach an agreement in new negotiations. What Does The New Partnership Mean? The joint agreement aims to mark a new era of collaboration, built on a shared commitment to help UMG’s artists and songwriters achieve their creative and commercial potential. They are also working together to realize new monetization opportunities utilizing
Ovom Care, a pioneering German startup in the fertility sector, recently closed €4.8 million ($5.1 million) in seed funding to expand its services across Europe, according to Tech Funding News. Led by an all-female founding team, Ovom Care is at the forefront of integrating empathetic reproductive healthcare by using a combination of generative AI and computer vision. This investment round, led by Alpha Intelligence Capital and supported by Ananda Impact Ventures and Merantix, makes the company’s total funding €6.1 million ($6.5 million). The startup is set to open its first clinic in Portugal by late 2024,
FKA Twigs has been developing an AI-powered version of herself, designed to interact with fans and journalists online. The British singer testified before Senate Judiciary Subcommittee on Intellectual Property on Tuesday, calling for regulation to protect artists. AI Twigs: Revolutionizing Artist-Fan Engagement FKA Twigs recently announced the creation of her deepfake, a digital persona aptly named “AI Twigs.” “In the past year, I have developed my own deepfake version of myself that is not only trained in my personality but also can use my exact tone of voice to speak
A high school athletic director in Baltimore has been accused of using AI to impersonate a principal on an audio recording that included racist and  antisemitic comments, authorities said on Thursday. The principal was placed on leave and had police outside his home after he received hate-filled messages and death threats over the fake recoridng. What Happened? Dazhon Darien, a 31-year-old high school athletic director in Maryland, reportedly created the AI audio recording to retaliate against Pikesville High School’s principal Eric Eisworth. Eisworth was investigating Darien over allegations that he
Venita Cooper and Vincent Sanders have created an AI-powered sneaker resale price-prediction startup – Arbit. According to their website, Arbit is the only price prediction model designed to empower sneaker buyers to get fair prices in the resell market. They collect real-time prices from trusted sites, providing pricing insights and trend analysis that allows users to shop prices on one app. Arbit’s Journey Cooper’s passion for sneaker culture began in 2019 when she opened Silhouette Sneakers and Art in Tulsa, which attracted attention from Brian Brackeen in 2021. After more than four years in the business, Cooper announced
Black-owned AI analytics platform AI Squared has announced a $13.8 million Series A funding round led by Ansa Capital with participation from Latimer Ventures, NEA and Ridgeline. AI Squared As investments in AI increase, data science teams in businesses and governments are looking to implement AI models that can utilize more value from their data to improve decision-making. AI Squared, founded in 2019 by Benjamin Harvey, PhD, helps organizations deliver data and AI insights into their business applications. The company estimates that up to 90% of AI models enterprises develop do not make it
