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ElevenLabs Fundraises $80 Million for Projects Including AI Voice Cloning

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ElevenLabs Fundraises $80 Million for Projects Including AI Voice Cloning

The business revealed its $80 million Series B financing on Monday, January 22. It stated that the money would be utilized, among other things, to launch new products and enhance security protocols in order to “ensure responsible and ethical development of AI technology.”

ElevenLabs stated in its release that it had achieved “unicorn” status—a phrase for a privately held firm valued at more than $1 billion—but it did not provide a precise figure. The CEO of the company, Mati Staniszewski, confirmed the precise amount to Bloomberg News: $1.1 billion.

Along with the investment announcement, ElevenLabs disclosed the debut of a number of new products, such as a voice library marketplace where users may profit from artificial intelligence (AI) renditions of their own voices and a new dubbing studio that allows users to dub entire movies.

“Users can create their professional AI voice replica, verify it, and share it via Voice Library,” the company’s announcement said. “When others use these verified voices, the original creators receive compensation. Users always retain control over their voice’s availability and compensation terms.”

Over the past year, there has been a surge in funding for businesses that mimic human speech using artificial intelligence (AI), but there has also been an increase in worries that the technology might be misused.

She continued, “Fraudsters are using AI to not just launch attacks, but to get really excellent at it.

In response to these concerns, the Federal Trade Commission (FTC) announced the Voice Cloning Challenge last year and invited suggestions on how to stop this technology from being abused.

Samuel Levine, the director of the Federal Trade Commission’s Bureau of Consumer Protection, stated at the time, “We want to address harms before they hit the marketplace and enforce the law when they do.”

According to the release, advances in text-to-speech AI have led to developments in voice cloning technology.

The FTC points out that although voice cloning has promise uses, such as helping those who are voiceless, it can also be abused. Scammers could, for instance, use voice cloning to pose as friends, family, or company officials, deceiving unwary customers and causing them financial harm.

ElevenLabs stated on Monday that it was focusing on developing detection tools to ensure that content generated by artificial intelligence could be easily identified, as part of its commitment to the “safe and responsible development of AI.”

Launched in 2023, the startup’s AI Speech Classifier can determine whether an audio sample contains content produced by ElevenLabs. This year, the company wants to improve the tool so that it covers additional speech AI models.

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Google I/O 2024: Top 5 Expected Announcements Include Pixie AI Assistant and Android 15

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The largest software event of the year for the manufacturer of Android, Google I/O 2024, gets underway in Mountain View, California, today. The event will be livestreamed by the corporation starting at 10:00 am Pacific Time or 10:30 pm Indian Time, in addition to an in-person gathering at the Shoreline Amphitheatre.

During the I/O 2024 event, Google is anticipated to reveal a number of significant updates, such as details regarding the release date of Android 15, new AI capabilities, the most recent iterations of Wear OS, Android TV, and Google TV, as well as a new Pixie AI assistant.

Google I/O 2024’s top 5 anticipated announcements are:

1) The Android 15 is Highlighted:

It is anticipated that Google will reveal a sneak peek at the upcoming Android version at the I/O event, as it does every year. Google has arranged a meeting to go over the main features of Android 15, and during the same briefing, the tech giant might possibly disclose the operating system’s release date.

While a significant design makeover isn’t anticipated for Android 15, there may be a number of improvements that will assist increase user productivity, security, and privacy. A number of other new features found in Google’s most recent operating system include partial screen sharing, satellite connectivity, audio sharing, notification cooldown, app archiving, and notification cooldown.

2) Pixie AI Assistant:

Also anticipated from Google is the introduction of “Pixie,” a brand-new virtual assistant that is only available on Pixel devices and is powered by Gemini. In addition to text and speech input, the new assistant might also allow users to exchange images with Pixie. This is known as multimodal functionality.

Pixie AI may be able to access data from a user’s device, including Gmail or Maps, according to a report from the previous year, making it a more customized variant of Google Assistant.

3) Gemini AI Upgrades:

The highlight of Google’s I/O event last year was AI, and this year, with OpenAI announcing its newest large language model, GPT-4, just one day before I/O 2024, the firm faces even more competition.

With the aid of Gemini AI, Google is anticipated to deliver significant enhancements to a number of its primary programs, including Maps, Chrome, Gmail, and Google Workspace. Furthermore, Google might be prepared to use Gemini in place of Google Assistant on all Android devices at last. The Gemini AI app already gives users the option to switch the chatbot out as Android’s default assistant app.

4) Hardware Updates:

Google has been utilizing I/O to showcase some of its newest devices even though it’s not really a hardware-focused event. For instance, during the I/O 2023 event, the firm debuted the Google Pixel 7a and the first-ever Pixel Fold.

But, considering that it has already announced the Pixel 8a smartphone, it is unlikely that Google would make any significant hardware announcements this time around. The Pixel Fold series, on the other hand, might be introduced this year alongside the Pixel 9 series.

5) Wear OS 5:

At last, Google has made the decision to update its wearable operating system. But the business has a history of keeping quiet about all the new features that Wear OS 5 will.

A description of the Wear OS5 session states that the new operating system will include advances in the Watch Face format, along with how to build and design for an increasing range of devices.

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A Vision-to-Language AI Model Is Released by the Technology Innovation Institute

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The large language model (LLM) has undergone another iteration, according to the Technology Innovation Institute (TII) located in the United Arab Emirates (UAE).

An image-to-text model of the new Falcon 2 is available, according to a press release issued by the TII on Monday, May 13.

Per the publication, the Falcon 2 11B VLM, one of the two new LLM versions, can translate visual inputs into written outputs thanks to its vision-to-language model (VLM) capabilities.

According to the announcement, aiding people with visual impairments, document management, digital archiving, and context indexing are among potential uses for the VLM capabilities.

A “more efficient and accessible LLM” is the goal of the other new version, Falcon 2 11B, according to the press statement. It performs on par with or better than AI models in its class among pre-trained models, having been trained on 5.5 trillion tokens having 11 billion parameters.

As stated in the announcement, both models are bilingual and can do duties in English, French, Spanish, German, Portuguese, and several other languages. Both provide unfettered access for developers worldwide as they are open-source.

Both can be integrated into laptops and other devices because they can run on a single graphics processing unit (GPU), according to the announcement.

The AI Cross-Center Unit of TII’s executive director and acting chief researcher, Dr. Hakim Hacid, stated in the release that “AI is continually evolving, and developers are recognizing the myriad benefits of smaller, more efficient models.” These models offer increased flexibility and smoothly integrate into edge AI infrastructure, the next big trend in developing technologies, in addition to meeting sustainability criteria and requiring less computer resources.

Businesses can now more easily utilize AI thanks to a trend toward the development of smaller, more affordable AI models.

“Smaller LLMs offer users more control compared to large language models like ChatGPT or Anthropic’s Claude, making them more desirable in many instances,” Brian Peterson, co-founder and chief technology officer of Dialpad, a cloud-based, AI-powered platform, told PYMNTS in an interview posted in March. “They’re able to filter through a smaller subset of data, making them faster, more affordable, and, if you have your own data, far more customizable and even more accurate.”

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European Launch of Anthropic’s AI Assistant Claude

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Claude, an AI assistant, has been released in Europe by artificial intelligence (AI) startup Anthropic.

Europe now has access to the web-based Claude.ai version, the Claude iOS app, and the subscription-based Claude Team plan, which gives enterprises access to the Claude 3 model family, the company announced in a press statement.

According to the release, “these products complement the Claude API, which was introduced in Europe earlier this year and enables programmers to incorporate Anthropic’s AI models into their own software, websites, or other services.”

According to Anthropic’s press release, “Claude has strong comprehension and fluency in French, German, Spanish, Italian, and other European languages, allowing users to converse with Claude in multiple languages.” “Anyone can easily incorporate our cutting-edge AI models into their workflows thanks to Claude’s intuitive, user-friendly interface.”

The European Union (EU) has the world’s most comprehensive regulation of AI , Bloomberg reported Monday (May 13).

According to the report, OpenAI’s ChatGPT is receiving privacy complaints in the EU, and Google does not currently sell its Gemini program there.

According to the report, Anthropic’s CEO, Dario Amodei, told Bloomberg that the company’s cloud computing partners, Amazon and Google, will assist it in adhering to EU standards. Additionally, Anthropic’s software is currently being utilized throughout the continent in the financial and hospitality industries.

In contrast to China and the United States, Europe has a distinct approach to AI that is characterized by tighter regulation and a stronger focus on ethics, PYMNTS said on May 2.

While the region has been sluggish to adopt AI in vital fields like government and healthcare, certain businesses are leading the way with AI initiatives there.

In numerous areas, industry benchmark evaluations of Anthropic’s Claude 3 models—which were introduced in 159 countries in March—bested those of rival AI models.

On May 1, the business released its first enterprise subscription plan for the Claude chatbot along with its first smartphone app.

The introduction of these new products was a major move for Anthropic and put it in a position to take on larger players in the AI space more directly, such as OpenAI and Google.

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