Connect with us

Business

AI Company Robosource Secures Capital Investment Through Strategic Partnership

Published

on


News Release

Fishers-based Robosource, an emerging leader in the process automation and artificial intelligence (AI) sector, has successfully closed its Seed Series round, securing investments from Florida-based The Tebow Group and Arizona-based Legacy Portfolio, LLC. The Tebow Group was founded by Tim Tebow, philanthropist, former Heisman Trophy winner, and NFL quarterback. 

The investment marks a significant milestone for Robosource as it continues to innovate and expand its portfolio of cutting-edge solutions in automation technology.

Founded in 2012, Robosource introduces AI-powered automation into medium and large enterprises, enhancing efficiency, streamlining workflows, and reducing operational costs across many industry verticals. With a mission of freeing clients from the monotony that keeps them from engaging in creative, strategic, and higher-value work, Robosource brings its scalable solutions to a global market. Robosource is an original tenant of Launch Fishers, the largest co-working space in the Midwest, centrally located in Fishers’ downtown Nickel Plate District. 

“We’re thrilled The Tebow Group is a strategic partner in our journey,” said Jason Beutler, founder and CEO of Robosource. “Their support provides vital capital to fuel our growth and AI product development, while aligning us with a visionary organization that shares our values of innovation, community, and giving back. This investment allows us to accelerate product development, grow our revenue more quickly, and bring our groundbreaking technology to the world stage.”

The Tebow Group is known for backing impactful startups that combine purpose and profit. The organization’s focus on investing in mission-driven companies with the potential to transform through technology closely matches Robosource’s mission to disrupt traditional workflows and drive automation forward.

“There is so much discussion around artificial intelligence right now that it was important for our team to get under the hood and understand how AI tools could be used as a force for good,” said Tim Tebow, founder of The Tebow Group. “Robosource brings personalized AI-powered automation into business, and we believe that can help businesses focus on what really matters. I’m honored to work with a team that’s helping shape the future of AI.”

With this investment, Robosource will scale its operations, expand development efforts, and explore new opportunities in industries ranging from insurance to financial services to healthcare. 

“This funding will allow us to push the boundaries of what’s possible with AI in process automation technology,” said Beutler. “We’re committed to creating solutions that solve real-world problems for companies that are looking for ways to grow intelligently through speed and automation.”

Robosource, which is a TechPoint member, is one of many Indiana companies leading in AI. Indiana has the building blocks in place to lead in AI, with a strong foundation in advanced manufacturing, logistics, life sciences, world class universities, growing tech ecosystem, and innovative workforce development initiatives. 

“Robosource’s growth is a clear signal that Indiana is emerging as a hub for responsible and practical AI innovation,” said Ting Gootee, president and CEO, TechPoint. “As a company rooted in purpose and driven by cutting-edge technology, Robosource represents the kind of talent and ingenuity that will power Indiana’s AI leadership. This investment accelerates their impact and strengthens our state’s position as a place where AI companies can grow, thrive, and shape the future.”





Source link

Business

AI company Anthropic to pay authors $1.5 billion in landmark settlement

Published

on


Big numbers often get thrown around in the aftermath of legal battles, as judges hand down judgements—or attorneys arrange settlement amounts—in the tens, or hundreds, of millions of dollars. Still, even jaded legal observers can occasionally run into a genuinely daunting number while parsing this stuff. Like, say, the $1.5 billion settlement that AI company Anthropic has agreed to pay in the ongoing class-action suit against it, launched by authors who said the company infringed on their copyrighted works by feeding them as training data to its “AI assistant” Claude. Sure, parts of that sum (calculated at $3,000 per work for a staggering number of works, and with its first $300 million installment due just five days after the settlement is approved) might potentially vanish in a puff of future bankruptcy. But it’s still the “largest publicly reported copyright recovery in history,” according to legal documents from the authors’ attorneys.

That being said, the win here on the wider AI front is quite a bit less clear than “hand our clients the annual estimated GDP of Grenada” might suggest. Yes, U.S. District Judge William Alsup set the stage for Anthropic to eat that massive price tag by ruling that the company clearly violated copyright agreements via how it acquired the books it fed into its own personal woodchipper. (I.e., downloading pirated datasets of millions of books that had been floating around the internet.) And, yes, the settlement will require Anthropic to destroy those “shadow library” datasets in its possession. (But notably, with no actual changes to the Claude large language model itself.) Most critically, though, back in June, Alsup also ruled that “reproducing purchased-and-scanned books to train AI” falls under fair use, calling the case “exceedingly transformative” as a justification for the designation.

As such, both sides in the fight issued statements claiming a form of victory today, with the authors’ side focusing mostly on the massive size of the settlement amount. Anthropic, meanwhile—which has been backed in the past with more than $6 billion in contributions from Amazon and Google—focused its statements on the legal precedent it achieved in the case: “In June, the District Court issued a landmark ruling on AI development and copyright law, finding that Anthropic’s approach to training AI models constitutes fair use. Today’s settlement, if approved, will resolve the plaintiffs’ remaining legacy claims.” What this likely means is that AI companies aren’t going to slow down—especially with, say, a $1.5 billion mortgage suddenly hanging over their heads—but simply become a lot more choosy about how they get their training data.

[via Deadline]




Source link

Continue Reading

Business

Runway founder Cristóbal Valenzuela wants Hollywood to embrace AI

Published

on


At 84, veteran mogul John Malone is still a power broker, hinting at “further consolidation in the media industry” following a recent sit down with David Ellison. Should we be on the lookout for a Warner–Paramount merger? Meanwhile in Vegas, the Sphere’s $100 million Wizard of Oz reimagining leans on AI to expand the visuals and even slip in cameos of David Zaslav and James Dolan. The Directors Guild did not take kindly to the stunt. Partners in Banter Kim Masters and Matt Belloni pull back the curtain on the Sphere’s Emerald City sideshow.

Plus, Masters speaks with Runway co-founder Cristóbal Valenzuela about the role of artificial intelligence in Hollywood. The Chilean-born developer acknowledges that AI may lead to some job losses, but he argues it will ultimately benefit filmmakers. He explains why studios including Lionsgate, Netflix, and Disney are already using Runway’s tools. Plus, he compares the current backlash against AI to the upheaval that followed the introduction of sound in film.





Source link

Continue Reading

Business

Apple sued by authors over use of books in AI training – UnionLeader.com

Published

on



Apple sued by authors over use of books in AI training  UnionLeader.com



Source link

Continue Reading

Trending