Voxel51 Filtered Views Newsletter – May 24, 2024

Voxel51 has secured $30 million in Series B funding led by Bessemer Venture Partners to make visual AI a reality. The company plans to use the funds to scale its team, support open-source community, build a research team, and accelerate product roadmap for new data modalities and deeper integrations with the AI stack. Hugging Face is investing $10 million in free shared GPUs through ZeroGPU program to help developers, academics, and startups create new AI technologies. California's Senate passed SB 1047, a bill focused on ensuring the development of powerful AI is safe and responsible. The bill includes strict rules for large AI models, whistleblower protection, fair pricing, CalCompute public cloud system, and open-source support. Lumina-T2X is an open-source model that transforms text into various modalities, resolutions, and durations using flow-based large diffusion transformers (Flag-DiT). It can generate images, videos, 3D objects, and audio from text descriptions.