Foundation Models AI News & Updates

Harvey Legal AI Expands Beyond OpenAI to Incorporate Anthropic and Google Models

Legal AI tool Harvey announced it will now utilize foundation models from Anthropic and Google alongside OpenAI's models. Despite being backed by the OpenAI Startup Fund, Harvey's internal benchmarks revealed different models excel at specific legal tasks, prompting the $3 billion valuation startup to adopt a multi-model approach for its services.

Nvidia Launches Groot N1, An AI Foundation Model for Humanoid Robotics

Nvidia has announced Groot N1, an open-source AI foundation model designed specifically for humanoid robotics with a dual-system architecture for "thinking fast and slow." The model builds on Nvidia's Project Groot from last year but expands beyond industrial use cases to support various humanoid robot form factors, providing capabilities for environmental perception, reasoning, planning, and object manipulation alongside simulation frameworks and training data blueprints.

Poolside CEO Claims AGI Pursuit Only Valid for Serious Developers

Poolside co-founder and CEO Jason Warner argued at the HumanX AI conference that most companies should focus on building AI applications rather than foundation models unless they are pursuing intelligence as the "most important commodity in the world." Warner stated that his own company is "literally" pursuing AGI through software, while suggesting that foundation model developers need to tackle challenging fields like defense.

DeepMind Alumnus Launches Latent Labs with $50M to Revolutionize Computational Biology

Latent Labs, founded by former Google DeepMind scientist Simon Kohl, has emerged from stealth with $50 million in funding to build AI foundation models for computational biology. The startup aims to make biology programmable by developing models that can design and optimize proteins without extensive wet lab experimentation, potentially transforming the drug discovery process through partnerships with biotech and pharmaceutical companies.

AI Investment Soars 62% to $110B in 2024 While Overall Tech Funding Declines

Venture capital funding for AI startups surged to $110 billion in 2024, representing a 62% increase compared to the previous year, even as overall technology funding declined by 12%. The US dominated AI investment with 42% of its venture capital ($80.7 billion) going to AI startups, compared to just 25% in Europe, with generative AI companies raising $47.4 billion and foundational AI technology overtaking applications in growth.

SoftBank Negotiating $500M Investment in Robotics Foundation Model Developer Skild AI

SoftBank is reportedly negotiating a $500 million investment in Skild AI, a robotics software company building a foundational model for various types of robots, at a $4 billion valuation. The two-year-old company previously raised $300 million at a $1.5 billion valuation, with investors including Jeff Bezos, and represents part of a broader surge in funding for AI-powered robotics companies.