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Meta’s AI chief says world models are key to ‘human-level AI’

Meta’s AI chief says world models are key to ‘human-level AI’
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
October 18, 2024

What We're Reading

  • Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out [TechCrunch]
  • Apple Music’s latest feature lets artists create dedicated playlists for concerts and tours [TechCrunch]
  • Waymo offers $3 credit for San Francisco riders going to public transit stations [TechCrunch]
  • Feds arrest man who allegedly participated in hack of the SEC’s X account, boosting Bitcoin’s price [TechCrunch]

Trending Companies

 

Galileo Technologies, a company that develops a data intelligence platform for machine learning, raises $45MM Series B from Scale Venture Partners.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

MEDIC, a company that develops a drug discovery platform, raises $5MM Equity Funding from Hanmi Pharmaceutical.

Health Care Technology • Mountain View, CA • Post-Money Valuation

 

Xscape, a company that provides photonic chips, raises $44MM Series A from IAG Capital Partners.

Semiconductors • Fort Lee, NJ • Post-Money Valuation

 

Tolerance Bio, a company dedicated to increasing healthspan by restoring and preserving the function of the thymus, raises $17.2MM Seed from Columbus Venture Partners.

Biotechnology • Chapel Hill, NC • Post-Money Valuation

 

Alchemy Health, a firm that builds and operates in-house pharmacies for safety net clinics, serving patients with HIV and Hepatitis C, raises $31MM Seed from Andreessen Horowitz.

Health Care • Charlotte, NC • Post-Money Valuation

 

Cirisum Biosciences, a gene therapy company focused on improving global access to life-saving gene therapies for patients in need, receives $61MM Grant from National Institutes of Health.

Biotechnology • San Diego, CA • Post-Money Valuation

 

Hello Cake, a sexual health and wellness brand that offers a line of prescription medication, supplements, lubricants, and devices, raises $18MM Series B from SILAS Capital.

Consumer Products • Calabasas, CA • Post-Money Valuation

 

Blue Stripes, a company that produces chocolate products and related confectioneries, raises $20MM Series B from Zintinus.

Confectionery • New York, NY • Post-Money Valuation

 

Neuron7, a company that develops a service Intelligence platform, raises $44MM Series B from Smith Point Capital.

Artificial Intelligence • Santa Clara, CA • Post-Money Valuation

 

Azra Games, a company that develops games and crypto assets, raises $42.7MM Series A from Pantera Capital.

Online Games • Sacramento, CA • Post-Money Valuation

 

 

Beacon AI, a company that develops an aviation technology platform, raises $15MM Series A from Costanoa Venture Capital.

Aviation • San Francisco, CA • Post-Money Valuation

 

Equilibrium Energy, a climate generation power company, raises $39MM Series B from Data Collective.

Climatetech • Boston, MA • Post-Money Valuation

 

Centerbridge Partners intends to acquire Precinmac, a manufacturer of high tolerance precision machined components and assemblies.

Industrial Products • Guelph, Canada

 

Accel-KKR invests in LeagueApps, a youth sports management platform developer.

SaaS • New York, NY • Deal

 

The Middleby acquires Emery Thompson Machine & Supply, a firm that manufactures frozen dessert equipment for machining, welding, electro-mechanical assembly, technical sales support, refrigeration and spare parts support.

Equipment • Brooksville, FL • Deal

 

Cherry Bekaert acquires Archerpoint, an enterprise resource planning software solutions company.

Enterprise Software • Lawrenceville, GA • Deal

 

Hologic intends to acquire Gynesonics, a healthcare firm focused on the development of minimally invasive solutions for symptomatic uterine fibroids.

Health Care Equipment • Redwood City, CA • Deal

 

SpartanNash acquires Fresh Encounter, a company that operates a chain of grocery stores.

Grocery • Findlay, OH • Deal

 

Accenture acquires Joshua Tree, a performance management company focused on the supply chain industry.

Supply Chain Management • Franklin, TN • Deal

 

Shermco Industries acquires KTR Associates, a manufacturer's representative agency that distributes and sells to lighting distributors and electrical supply houses.

Lighting • Mineola, NY • Deal

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