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Source: Venture Beat Little Umbrella, an emerging pioneer in AI-powered social games, has raised $2 million in funding after the success of its Death by AI social game. Read Full Article

Source: Venture Beat USC Games announced its 9th annual USC Games Expo will return to USC’s campus on May 13 with more than 60 student games. Read Full Article

Source: Venture Beat French AI startup Mistral unveils a breakthrough 24B parameter language model that matches the performance of models three times its size, challenging tech giants with faster speeds and lower computing costs while targeting enterprise deployments. Read Full Article

Source: Venture Beat Cerebras Systems launches DeepSeek’s R1-70B AI model on its wafer-scale processor, delivering 57x faster speeds than GPU solutions and challenging Nvidia’s AI chip dominance with U.S.-based inference processing. Read Full Article

Source: Venture Beat DeepSeek-R1 released model code and pre-trained weights but not training data. Ai2 is taking a different approach to be more open. Read Full Article

Source: Venture Beat Y Combinator-backed startup Martin AI secures $2M seed funding to challenge Siri and Google with its innovative personal AI assistant, built by 19-year-old founders to revolutionize how consumers interact with AI through custom memory architecture and multi-channel accessibility. Read Full Article

Source: Venture Beat Moonray Studios said its blockchain game Moonray will debut on both Xbox Series X/S and PlayStation 5 launch later this year. Read Full Article

Source: Venture Beat Riffusion launches a free AI music generation platform that creates original songs from text and audio prompts, challenging tech giants with personalized learning features and backing from The Chainsmokers. Read Full Article

Source: Venture Beat Gaming mergers and acquisitions (M&A) and financings in 2024 grew 39% to $27.3 billion in disclosed deal value across over 967 transactions, according to a report by Drake Star Partners. That’s a glimmer of bright news at a time when revenues appeared stagnant and game companies laid off more than 15,000 people….

Source: Venture Beat The Video Game History Foundation has officially launched the VGHF Digital Library to help game history fans with research. Read Full Article