Financial AI startup Model ML nabs $75M investment

Warner Music Group Corp. has reached a partnership agreement with AI music generation platform Suno Inc., settling a copyright lawsuit that was initiated last year. This deal marks a significant shift in the relationship between traditional music companies and AI startups, as both parties aim to collaborate on music creation.

NetApp Inc. has raised its full-year earnings and revenue forecast, driven by strong demand from customers engaged in artificial intelligence projects, leading to a positive response from investors and an increase in stock price during extended trading.

Harmonic AI Inc., a startup focused on artificial intelligence for formal mathematical reasoning, has successfully raised $120 million in funding, achieving a valuation of $1.45 billion. This funding aims to enhance the development of an advanced mathematical reasoning model that addresses the issue of hallucinations, where AI models generate incorrect answers.

Artificial intelligence video platform Cerrion AG has raised $18 million in a Series A funding round to enhance industrial automation through intelligent vision agents, with the investment led by Creandum and supported by Y Combinator and others.

Arcade.dev has launched a new security feature called URL Elicitation, enhancing the Model Context Protocol (MCP) in collaboration with Anthropic PBC. This feature standardizes and secures the authentication process for AI agents interacting with real-world services, marking a significant advancement in enterprise-grade authorization.

SUSE SE has announced a tech preview of its SUSE Multi-Linux Manager and Trento Model Context Protocol server, marking a significant step towards creating an AI-assisted computing infrastructure that simplifies operations through natural language commands.

Microsoft Corp. has launched Fara-7B, a new AI model designed to operate as a Computer Use Agent (CUA) directly on personal computers, enabling users to perform complex tasks locally. This model features 7 billion parameters and aims to enhance user experience by automating tasks without relying on cloud services.

Amplitude Inc. is shifting its product strategy to prioritize artificial intelligence, aiming to enhance how companies interpret customer intent and research behavior. CEO Spenser Skates highlighted the necessity for analytics tools to evolve into 'AI-native' solutions as the market adapts to generative search technologies.