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Lightning AI Secures $50 Million in Funding, PyTorch Lightning Hits 160 Million Downloads

New York-based artificial intelligence company Lightning AI has recently completed a new funding round of $50 million. The investment round includes notable firms such as Cisco Investments, JPMorgan Chase, K5 Global, and technology giant NVIDIA. To date, Lightning AI's total funding has reached $103 million. Led by founder and CEO William Falcon, Lightning AI is known for its deep learning framework, PyTorch Lightning.

16.1k yesterday
Lightning AI Secures $50 Million in Funding, PyTorch Lightning Hits 160 Million Downloads

JPMorgan Chase is discussing its generative AI projects with regulators

JPMorgan Chase is collaborating with U.S. regulators to prepare for the launch of its first generative AI project. The bank aims to have appropriate controls in place when releasing generative AI products. JPMorgan's Chief Information Officer stated that they are helping regulators understand how generative AI models are built. The bank is testing an AI application that generates earnings summaries for all its companies. Additionally, JPMorgan is developing an AI assistant that provides precise steps to resolve customer issues.

5.4k 03-24
JPMorgan Chase is discussing its generative AI projects with regulators
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