Also - A new peek at Tesla’s Dojo, Gilead to buy MiroBio and IBM, UTSA raise a racquet
Also - A new peek at Tesla’s Dojo, Gilead to buy MiroBio and IBM, UTSA raise a racquet
AI Business brings you the latest in deals and products from across the AI world.
This week's roundup covers cloud cyber insurance, the extension of IBM's long-running partnership with the U.S. Tennis Association, TikTok's new AI tool and more!
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Cloud cyber insurance for SMEs
Cowbell Cyber is teaming up with reinsurance giant Swiss Re to offer cyber insurance for cloud workloads — designed for small- and mid-sized enterprises (SMEs). The product is for companies that use AWS for cloud services with annual revenue of up to $750 million.
The partnership sees Cowbell providing insurance while Swiss Re is bringing its risk monitoring technology called Cyber Guardian to the table.
The program grants customers access to Cowbell Factors, which provide a relative rating of an organization's risk profile against the company's monitored risk pool of 25 million U.S. SMEs. The program also features Cyber Guardian, which “leverages security configuration data directly from the customer's AWS environment to allow risk monitoring and risk scoring used in underwriting.”
"The world is digitizing fast and cyber insurance needs to keep up,” said Jack Kudale, founder and CEO at Cowbell. "Our partnership brings together a wealth of cyber risk expertise and enables us to make sure policyholders are well protected with accurate insurance coverages that are specifically tailored to cloud environments. "
TikTok pulls a DALL-E
The social media app TikTok has a new feature: A text-to-image AI generator.
Users of the app can type in a prompt to receive an image that can act as a background in their videos. Dubbed ‘AI Greenscreen,’ the tool is more simplistic in design compared with other text-to-image AI systems such as OpenAI’s DALL-E 2.
Figure 1: Drunken penguins playing Twister (Image credit: Andersson Arte on YouTube)
There is also a fail-safe: If a user inputs a prompt referring to violence or nudity, the model will generate an abstract image, so as not to violate the app’s community guidelines.
Gilead to buy MiroBio
Pharma giant Gilead is to acquire biotech startup MiroBio for $405 million.
MiroBio, a spinout from Oxford University, is working to develop treatments for autoimmune patients. Since 2019, the company has raised $130 million in venture funding.
MiroBio's I-ReSToRE platform (REceptor Selection and Targeting to Reinstate immune Equilibrium) supports the identification and development of therapeutics that utilize inhibitory signaling networks to restore immune homeostasis for patients.
Gilead said it plans to advance agonists derived from MiroBio's platform over the next several years.
“The team at MiroBio has spearheaded foundational research for agonist antibodies following a rigorous scientific approach,” said Flavius Martin, executive vice president of research at Gilead. “We believe that MiroBio’s unique platform technology has the potential to produce best-in-class agonist antibodies targeting immune inhibitory receptors.”
The all-cash deal is subject to regulatory approval.
Voice-interactive theme park rides?
NBCUniversal’s theme park division, Universal Studios, has filed for a U.S. patent on a technology that lets rides become more interactive through voice commands.