Thoma Bravo Clinches $3.6B Credit Fund III

By Jade Martinez-Pogue ( January 21, 2025, 2:06 PM EST) — Software investor Thoma Bravo on Tuesday announced that it wrapped fundraising on its most recent credit fund after securing $3.6 billion in total available capital…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

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Cooley-Led Insulin Device Maker Preps $113M IPO

By Jade Martinez-Pogue ( January 22, 2025, 4:09 PM EST) — Insulin delivery system maker Beta Bionics on Wednesday announced the terms for its initial public offering, planning to raise $113 million…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

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Microsoft just built an AI that designs materials for the future: Here’s how it works

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Microsoft Research has introduced a powerful new AI system today that generates novel materials with specific desired properties, potentially accelerating the development of better batteries, more efficient solar cells and other critical technologies. The system, called MatterGen, represents a fundamental shift in how scientists discover new materials. Rather than screening millions of existing compounds — the traditional approach that can take years — MatterGen directly generates novel materials based on desired characteristics, similar to how AI image generators create pictures from text descriptions. “Generative models provide a new paradigm for materials design by directly generating entirely novel materials given desired property constraints,” said Tian Xie, principal research manager at Microsoft Research and lead author of the study published today in Nature. “This represents a major advancement towards creating a universal generative model for materials design.” How Microsoft’s AI engine works differently than traditional methods MatterGen uses a specialized type of AI called a diffusion model — similar to those behind image generators like DALL-E — but adapted to work with three-dimensional crystal structures. It gradually refines random arrangements of atoms into stable, useful materials that meet specified criteria. The results surpass previous approaches. According to the research paper, materials produced by MatterGen are “more than twice as likely to be novel and stable, and more than 15 times closer to the local energy minimum” compared to previous AI approaches. This means the generated materials are both more likely to be useful and physically possible to create. In one striking demonstration, the team collaborated with scientists at China’s Shenzhen Institutes of Advanced Technology to synthesize a new material, TaCr2O6, that MatterGen had designed. The real-world material closely matched the AI’s predictions, validating the system’s practical utility. Real-world applications could transform energy storage and computing The system is particularly notable for its flexibility. It can be “fine-tuned” to generate materials with specific properties — from particular crystal structures to desired electronic or magnetic characteristics. This could be invaluable for designing materials for specific industrial applications. The implications could be far-reaching. New materials are crucial for advancing technologies in energy storage, semiconductor design and carbon capture. For instance, better battery materials could accelerate the transition to electric vehicles, while more efficient solar cell materials could make renewable energy more cost-effective. “From an industrial perspective, the potential here is enormous,” Xie explained. “Human civilization has always depended on material innovations. If we can use generative AI to make materials design more efficient, it could accelerate progress in industries like energy, healthcare and beyond.” Microsoft’s open source strategy aims to accelerate scientific discovery Microsoft has released MatterGen’s source code under an open-source license, allowing researchers worldwide to build upon the technology. This move could accelerate the system’s impact across various scientific fields. The development of MatterGen is part of Microsoft’s broader AI for Science initiative, which aims to accelerate scientific discovery using AI. The project integrates with Microsoft’s Azure Quantum Elements platform, potentially making the technology accessible to businesses and researchers through cloud computing services. However, experts caution that while MatterGen represents a significant advance, the path from computationally designed materials to practical applications still requires extensive testing and refinement. The system’s predictions, while promising, need experimental validation before industrial deployment. Nevertheless, the technology represents a significant step forward in using AI to accelerate scientific discovery. As Daniel Zügner, a senior researcher on the project, noted, “We’re deeply committed to research that can have a positive, real-world impact, and this is just the beginning.” source

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Meta Wants Mass. Justices To Intervene In AG's Suit

By Julie Manganis ( January 23, 2025, 5:31 PM EST) — Meta Platforms has urged Massachusetts’ highest court to take up its challenge to a pending lawsuit brought by the state attorney general’s office, which accused the social media company of intentionally designing Instagram to be addictive to children and teenagers…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

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Hugging Face shrinks AI vision models to phone-friendly size, slashing computing costs

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Hugging Face has achieved a remarkable breakthrough in AI, introducing vision-language models that run on devices as small as smartphones while outperforming their predecessors that require massive data centers. The company’s new SmolVLM-256M model, requiring less than one gigabyte of GPU memory, surpasses the performance of their Idefics 80B model from just 17 months ago — a system 300 times larger. This dramatic reduction in size and improvement in capability marks a watershed moment for practical AI deployment. “When we released Idefics 80B in August 2023, we were the first company to open-source a video language model,” Andrés Marafioti, machine learning research engineer at Hugging Face, said in an exclusive interview with VentureBeat. “By achieving a 300X size reduction while improving performance, SmolVLM marks a breakthrough in vision-language models.” Performance comparison of Hugging Face’s new SmolVLM models shows the smaller versions (256M and 500M) consistently outperforming their 80-billion-parameter predecessor across key visual reasoning tasks. (Credit: Hugging Face) Smaller AI models that run on everyday devices The advancement arrives at a crucial moment for enterprises struggling with the astronomical computing costs of implementing AI systems. The new SmolVLM models — available in 256M and 500M parameter sizes — process images and understand visual content at speeds previously unattainable at their size class. The smallest version processes 16 examples per second while using only 15GB of RAM with a batch size of 64, making it particularly attractive for businesses looking to process large volumes of visual data. “For a mid-sized company processing 1 million images monthly, this translates to substantial annual savings in compute costs,” Marafioti told VentureBeat. “The reduced memory footprint means businesses can deploy on cheaper cloud instances, cutting infrastructure costs.” The development has already caught the attention of major technology players. IBM has partnered with Hugging Face to integrate the 256M model into Docling, their document processing software. “While IBM certainly has access to substantial compute resources, using smaller models like these allows them to efficiently process millions of documents at a fraction of the cost,” said Marafioti. Processing speeds of SmolVLM models across different batch sizes, showing how the smaller 256M and 500M variants significantly outperform the 2.2B version on both A100 and L4 graphics cards. (Credit: Hugging Face) How Hugging Face reduced model size without compromising power The efficiency gains come from technical innovations in both vision processing and language components. The team switched from a 400M parameter vision encoder to a 93M parameter version and implemented more aggressive token compression techniques. These changes maintain high performance while dramatically reducing computational requirements. For startups and smaller enterprises, these developments could be transformative. “Startups can now launch sophisticated computer vision products in weeks instead of months, with infrastructure costs that were prohibitive mere months ago,” said Marafioti. The impact extends beyond cost savings to enabling entirely new applications. The models are powering advanced document search capabilities through ColiPali, an algorithm that creates searchable databases from document archives. “They obtain very close performances to those of models 10X the size while significantly increasing the speed at which the database is created and searched, making enterprise-wide visual search accessible to businesses of all types for the first time,” Marafioti explained. A breakdown of SmolVLM’s 1.7 billion training examples shows document processing and image captioning comprising nearly half of the dataset. (Credit: Hugging Face) Why smaller AI models are the future of AI development The breakthrough challenges conventional wisdom about the relationship between model size and capability. While many researchers have assumed that larger models were necessary for advanced vision-language tasks, SmolVLM demonstrates that smaller, more efficient architectures can achieve similar results. The 500M parameter version achieves 90% of the performance of its 2.2B parameter sibling on key benchmarks. Rather than suggesting an efficiency plateau, Marafioti sees these results as evidence of untapped potential: “Until today, the standard was to release VLMs starting at 2B parameters; we thought that smaller models were not useful. We are proving that, in fact, models at 1/10 of the size can be extremely useful for businesses.” This development arrives amid growing concerns about AI’s environmental impact and computing costs. By dramatically reducing the resources required for vision-language AI, Hugging Face’s innovation could help address both issues while making advanced AI capabilities accessible to a broader range of organizations. The models are available open-source, continuing Hugging Face’s tradition of increasing access to AI technology. This accessibility, combined with the models’ efficiency, could accelerate the adoption of vision-language AI across industries from healthcare to retail, where processing costs have previously been prohibitive. In a field where bigger has long meant better, Hugging Face’s achievement suggests a new paradigm: The future of AI might not be found in ever-larger models running in distant data centers, but in nimble, efficient systems running right on our devices. As the industry grapples with questions of scale and sustainability, these smaller models might just represent the biggest breakthrough yet. source

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How Fintechs Can Respond To New CFPB Supervisory Rule

By Margo Tank, Liz Caires and Emily Honsa Hicks ( January 22, 2025, 5:35 PM EST) — The Consumer Financial Protection Bureau issued a new rule[1], which became effective Jan. 9, addressing its supervision of large nonbank companies, including fintechs, that offer U.S. consumers certain digital funds transfer services, payment wallets and apps…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

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Waste Co. Says Ex-Director Used Secret Info For Sabotage

By Isaac Monterose ( January 22, 2025, 7:40 PM EST) — Commercial waste management company RTS has accused a former board director in Delaware Chancery Court of misusing its confidential information and deliberately sabotaging the business to try to force a cheap sale to the ex-director’s private equity firm…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

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Kasada aims to predict, monitor and prevent bot attacks

Overview Kasada’s bot mitigation platform aims to help companies defend against bot attacks by monitoring networks and chatter analysis, and then providing the tools necessary to stop them from attacking or disrupting systems. Nick Rieniets, field CTO at Kasada, demonstrates some of the key features of their bot mitigation system. Register Now source

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Shyamalan Denies Theft From Indie Film: 'I Didn't See It'

By Craig Clough ( January 22, 2025, 10:58 PM EST) — Filmmaker M. Night Shyamalan, who found success in Hollywood with his breakout movie “The Sixth Sense” about a child who sees dead people, testified Wednesday in a California federal trial that he never saw a film he’s accused of stealing from for his Apple+ show “Servant” before it was produced…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as Daily newsletters Expert analysis Mobile app Advanced search Judge information Real-time alerts 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial. source

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