<div>
  <ul>
    <li>
      <p>
        Tomorrow.io, a short-term AI/ML weather analytics startup, has raised USD 87 million, closing a Series E funding round led by Activate Capital. This brings the company's total funding to USD 270.9 million.
      </p>
    </li>
    <li>
      <p>
        The round proceeds will be utilized to launch a combination of the company&rsquo;s radars and microwave sounders over the next 18&ndash;24 months for the complete constellation of more than 20 satellites. New investors, including RTX Ventures, Seraphim, and Chemonics, participated alongside existing investors SquarePeg Capital, Canaan, ClearVision, JetBlue Ventures, and Pitango Growth.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake</b>
        : Following the funding news, the company has also announced the launch of its R2 satellite from Vandenberg Air Force Base. This launch followed Tomorrow-R1, the world's first commercially built weather-radar satellite, carrying a Ka-band weather radar launch in 
        <a href="https://www.tomorrow.io/blog/tomorrow-ios-historic-satellite-launch-paves-way-for-groundbreaking-advancement-in-global-weather-forecasting/">
          April 2023
        </a>
        . The company&rsquo;s R1 and R2 satellites were the first non-NASA precipitation radar birds to observe regional precipitation much more frequently than legacy weather satellites.&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.tomorrow.io/blog/tomorrow-io-successfully-launches-second-satellite-and-closes-series-e-funding/">
      Press release
    </a>
  </p>
  <p>
    <a href="https://payloadspace.com/tomorrow-io-closes-87m-series-e-for-weather-satellites/">
      Payload
    </a>
  </p>
  <p>
  </p>
</div>


Climate Risk Analytics

Tomorrow.io raises USD 87 million in Series E funding; launches second satellite

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Amazon inaugurated a new warehouse equipped with 3,600+ transport robots to streamline the packing process in Erfurt, Germany. Reported as one of the company's highest-advanced facilities in Europe, the robots are currently aiding 300 workers.</p>
 <p>Eventually, these robots will help a 2,000-strong workforce in handling 26 million products and delivering over 500,000 parcels daily across an expansive area of 660,000+ square feet.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Amazon has always been actively involved in automating its warehouse operations, with one of the most recent additions being its robotic-equipped 4 million sq ft warehouse in <a href="https:<br>
//sp-edge.com/updates/28328"> North Andover, Massachusetts. </a></p>

Amazon opens new robotic-powered warehouse center in Germany

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 
 <p>California Governor Gavin Newsom announced partnerships with five companies, including OpenAI and Anthropic, for the use of GenAI  tools in public service delivery. The anticipated enhancements pertain to traffic management, road safety, and tax guidance.</p>
 <p>Over six months, internal trials will be undertaken by state workers testing and evaluating these AI tools. The collaborating companies will offer their services for just USD 1 per proposal. The programs are designed so as not to involve any sensitive data, addressing privacy concerns.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The state of California appears to have a strong foothold in AI technology, with a significant number of AI companies established within its confines. Governor Newsom signed an executive order last year to explore ways to incorporate generative AI, positioning California at the forefront in AI utilization for public service functions.</p>

California partners with firms to deploy GenAI tools for public service delivery

<div>

<p>TikTok, the video-sharing platform, has decided to label content that is created with the help of AI using a system called Content Credentials. The purpose of this initiative is to identify any AI-enhanced videos and images that are made both within and outside of the platform.</p>

<p>The Content Credentials system by TikTok places a label on AI-created content to show when it has been designed using AI technology. Once a tool, such as OpenAI's Dall-E, has been used to generate an image or video, a watermark is attached and extra data is included to show if there has been any tampering. Furthermore, TikTok intends to remove any content that appears on its platform without a label, in accordance with its community guidelines.</p>

<p>It's worth noting that the technology for the Content Credentials system was begun by the Coalition for Content Provenance and Authenticity, which was co-founded by companies including Adobe and Microsoft.</p>

</div>

TikTok to label AI-generated content

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

<div>
 <p>Danaher Corporation is working with Johns Hopkins University to create new methods for detecting mild traumatic brain injury (TBI). The project utilizes next-generation immunoassay detection technology provided by Beckman Coulter Diagnostics, a Danaher subsidiary.</p>
 <p>This collaboration aims to enhance TBI diagnosis through the use of blood-based biomarkers and advanced in vitro diagnostics technology. Such techniques might enable earlier and more precise injury detection, impacting treatment selection, outcomes and recovery time. This initiative is part of the Danaher Beacons program that supports academic research in partnership with globally respected researchers.</p>
 <p>Beckman Coulter Diagnostics creates innovative products that simplify and automate complex biomedical tests. Its diagnostic systems are utilized globally in hospitals and emergency care settings, assisting physicians in disease diagnosis, treatment choices, and patient monitoring.</p>
</div>

Danaher Corporation collaborates with Johns Hopkins University to enhance traumatic brain injury diagnosis

<div>
 
 <p>Mistral AI, an open-source developer of foundation models, is reportedly raising funds at an estimated value of USD 6 billion. Investors such as DST, General Catalyst, and Lightspeed Venture Partners are participating in this round, which could raise up to USD 600 million.</p>
 <p>The funding round, which has drawn considerable interest, has been ongoing since March. The funding is intended to boost Mistral's ability to compete with AI firms, including OpenAI and Anthropic.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Despite being a young company, Mistral’s approach to open-source AI has pushed its valuation up from the USD 2 billion mark after its last round in December <a href="https:<br>
//sp-edge.com/updates/24813"> raising USD 415 million </a> . It presently offers three LLM versions.</p>

Mistral AI in talks to raise USD 600 million at USD 6 billion valuation

Foundation Models

<div>
 
 <p>Mistral AI, a developer of open-source foundation models, is presently raising funds, with an anticipated valuation of around USD 6 billion. Major investors involved in this round include DST, General Catalyst, and Lightspeed Venture Partners, and the company aims to accumulate close to USD 600 million.</p>
 <p>This fundraising round, that has drawn substantial interest, commenced in March. Proceeds from this round are set to be used to augment Mistral's abilities to rival AI companies, including OpenAI and Anthropic.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Despite being a young company, Mistral’s approach to open-source AI has pushed its valuation up from the USD 2 billion mark after its last round in December <a href="https:<br>
//sp-edge.com/updates/24813"> raising USD 415 million </a> . It presently offers three LLM versions.</p>

<div>
 
 <p>Alibaba Cloud has launched an upgraded version of its Tongyi Qianwen model, Qwen2.5. This new version boasts improvements in various areas like reasoning, code comprehension, and textual understanding.</p>
 <p>Alibaba posits that this model outperforms OpenAI's GPT-4 model in terms of language and creation capabilities, although it does not surpass GPT-4's knowledge, reasoning, and mathematical capabilities, as reported by OpenCompass. Further, Alibaba revealed that the development of this latest version came after over 90,000 successful company deployments of the previous model.</p>
 
</div>

Alibaba launches latest version of Tongyi Qianwen model 'Qwen2.5' with improved capabilities

<div>
 
 <p>Stable AI has launched Stable Artisan, a media generation tool for Discord users. The tool incorporates Stable AI’s image and video models, namely Stable Diffusion 3, Stable Video Diffusion, and Stable Image Core. It has a range of features including search and replace, background removal, creative upscale, outpaint, control sketch, control structure, and video. Additionally, Stable Artisan is capable of sketching initial ideas into a fully formed video.</p>
 <p>During its initial launch, Stable Artisan will be available on the Stable Diffusion Discord Server.</p>
 
</div>

Stable AI introduces Stable Artisan, a media generation tool for Discord

Travel Tech

<div>

<p>Vacasa, a rental management company, has announced it is laying off approximately 800 employees, constituting 13% of its workforce. The layoff is due to a sharp 18% decrease in booking value in comparison to the previous year's first quarter. </p>
<p>Deteriorating economic conditions impacting the short-term rental industry have prompted the company to restructure. </p>
<p>Approximately 40% of roles in Vacasa's corporate and central operations will be affected by these layoffs. </p>
 
</div>

Vacasa lays off 13% of staff amidst 18% drop in rental bookings

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 <p>DEEPXhas succeeded in securing approximately USD 80 million (KRW 108.5 billion) in a Series C funding round. The investors in this round include prominent names such as SkyLake Equity Partners, BNW Investments, AJU IB, and Timefolio Asset Management.</p>
 <p>DEEPX intends to utilize the investment to commence mass production of their upcoming products: DX-V1, DX-V3, DX-M1, and DX-H1. Main product launch is anticipated to occur by the end of 2024, with global distribution in view. Apart from this, the funding will fuel the progress and release of DEEPX's future on-device LLM solutions.</p>
 <p>DeepX is an international tech firm that concentrates on engineering AI solutions for Edge devices. They are renowned for innovating low-power, high-performance AI semiconductor technology that is optimally designed for efficient deployment on such devices.</p>
 
</div> <p>Analyst QuickTake:<br>
 This financing round occurred shortly after the company introduced its DEEPX products in <a href="https:<br>
//sp-edge.com/updates/26561"> February 2024 </a> . These are ultra-low-power AI chips designed for various market requirements. Some chips are tailored for minor data processing tasks, while others are more suitable for AI-intensive uses, such as robotics and autonomous vehicles. Additionally, this USD 80 million funding round has increased the company's valuation to USD 529 million as of May 2024.</p>

All Updates

Amazon opens new robotic-powered warehouse center in Germany

California partners with firms to deploy GenAI tools for public service delivery

TikTok to label AI-generated content

Danaher Corporation collaborates with Johns Hopkins University to enhance traumatic brain injury diagnosis

Mistral AI in talks to raise USD 600 million at USD 6 billion valuation

Mistral AI in talks to raise USD 600 million at USD 6 billion valuation

Alibaba launches latest version of Tongyi Qianwen model 'Qwen2.5' with improved capabilities

Stable AI introduces Stable Artisan, a media generation tool for Discord

Vacasa lays off 13% of staff amidst 18% drop in rental bookings

DEEPX raises USD 80 million for AI chip manufacturing and development of on-device LLM solutions