Verbit Raises $157M to Leverage AI in Transcription and Captioning Ser

Verbit Raises $157M to Leverage AI in Transcription and Captioning Services
Education technology firm Verbit has secured $157 million in Series D funding, bringing the company's valuation to over $1 billion. Verbit uses AI and a network of 22,000+ human transcribers to provide transcription and captioning services, and plans to use the new funds to expand its platform and accelerate growth.

OpenAI Unveils ChatGPT, a New AI Chatbot for Businesses
OpenAI, the artificial intelligence research lab, has rolled out a commercial version of its AI chatbot, ChatGPT. The chatbot, which has been trained on a diverse range of internet text, can generate creative and contextually appropriate responses, making it a useful tool for businesses looking to automate customer service.

Ford and IBM Collaborate on Blockchain Project for Ethical Cobalt Supply
Automotive giant Ford and tech company IBM are partnering on a blockchain project aimed at ensuring the ethical sourcing of cobalt, a key component in electric vehicle batteries. The project aims to create a transparent and efficient supply chain, using the emerging technology of blockchain to track and verify the origins of the cobalt.

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