Over the past year we’ve witnessed dramatic strides in AI development and huge shifts in public perceptions of the technology.
Chatbots like OpenAI’s ChatGPT and LLMs like GPT-4 have demonstrated remarkable abilities to communicate fluently and perform at or near the highest level on a broad range of cognitive assessments.
Venture capital firm Telstra Ventures has announced it has closed its third fund after raising $500 million.
Telstra has invested $11.8 million in US-based software support and technical services company Boomtown as the company accelerates its continued growth and on-going investment in its relay software as a services platform.
A joint US$500 million (A$675 million) fund for investment in early to late-stage venture technology opportunities in the US, Asia and Australia has been set up by Telstra Ventures and Boston-based private equity firm HarbourVest Partners.
Telstra Ventures continues on its aggressive international investment strategy with the announcement it has taken a stake in Silicon Valley mobile application testing company Headspin.
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