Here is a list of 10 AI-driven travel companies that raised capital in 2024

September 19, 2024

Mindtrip – Raised $19 million to enhance its AI-powered trip planning platform.
Website: mindtrip.ai

FLYR Labs – Secured $295 million for its AI solutions in travel, focusing on airlines and hospitality.
Website: flyr.com

TravelPerk – Raised $104 million to expand its AI tools for business travel management.
Website: travelperk.com

Otto – Raised $6 million to develop AI-based travel planning tools for business travelers.
Website: meetotto.com

GetYourGuide – Raised $85 million to integrate AI into its travel experience booking platform.
Website: getyourguide.com

Hopper – Raised $96 million for AI-driven price prediction tools for flights and accommodations.
Website: hopper.com

TripActions (Navan) – Raised $304 million to expand its AI-based corporate travel services.
Website: navan.com

Wanderlog – Raised $4.5 million to enhance its AI-powered trip itinerary planning app.
Website: wanderlog.com

Expedia Group – Raised funds to further its AI travel optimization technologies.
Website: expedia.com

Amadeus Ventures – An arm of Amadeus IT Group, which raised additional funds for investing in AI travel startups.
Website: amadeus.com

The Allen Institute for AI (AI2) Releases Tülu 3: A Set of State-of-the-Art Instruct Models with Fully Open Data, Eval Code, and Training Algorithms

The Allen Institute for AI (AI2) has announced the release of Tülu 3, a state-of-the-art family of instruction-following models designed to set a new benchmark in AI capabilities. This release includes state-of-the-art features, methodologies, and tools, providing researchers and developers with a comprehensive, open-source solution. With Tülu 3, AI2 has... Read more
Microsoft Research Introduces Reducio-DiT: Enhancing Video Generation Efficiency with Advanced Compression

Recent advancements in video generation models have enabled the production of high-quality, realistic video clips. However, these models face challenges in scaling for large-scale, real-world applications due to the computational demands required for training and inference. Current commercial models like Sora, Runway Gen-3, and Movie Gen demand extensive resources, including... Read more
Black Forest Labs Release FLUX.1 Tools: A Suite of AI Models Designed to Add Control and Steerability to the Base Text-to-Image Model FLUX.1

In a world where visual content is increasingly essential, the ability to create and manipulate images with precision and creativity is invaluable. Black Forest Labs, with its FLUX.1 Tools, expands the possibilities of text-to-image generation. Designed to bring control and flexibility to their base model, FLUX.1, this suite of tools... Read more
SmolTalk Released: The Dataset Recipe Behind the Best-in-Class Performance of SmolLM2

Recent advancements in natural language processing (NLP) have introduced new models and training datasets aimed at addressing the increasing demands for efficient and accurate language models. However, these advancements also present significant challenges. Many large language models (LLMs) struggle to balance performance with efficiency, often relying on enormous datasets and... Read more
Artificial Intelligence AI and Quantum Computing: Transforming Computational Frontiers

Quantum computing (QC) stands at the forefront of technological innovation, promising transformative potential across scientific and industrial domains. Researchers recognize that realizing this potential hinges on developing accelerated quantum supercomputers that seamlessly integrate fault-tolerant quantum hardware with advanced computational systems. These heterogeneous architectures are designed to tackle complex problems that... Read more
MORCELA: A New AI Approach to Linking Language Models LM Scores with Human Acceptability Judgments

In natural language processing (NLP), a central question is how well the probabilities generated by language models (LMs) align with human linguistic behavior. This alignment is often assessed by comparing LM scores with human acceptability judgments, which evaluate how natural a sentence feels. Previous studies, such as those using SLOR... Read more
Task-Specific Data Selection: A Practical Approach to Enhance Fine-Tuning Efficiency and Performance

In the evolving field of machine learning, fine-tuning foundation models such as BERT or LLAMA for specific downstream tasks has become a prevalent approach. However, the success of such fine-tuning depends not only on the model but also heavily on the quality and relevance of the training data. With massive... Read more
Attention Transfer: A Novel Machine Learning Approach for Efficient Vision Transformer Pre-Training and Fine-Tuning

Vision Transformers (ViTs) have revolutionized computer vision by offering an innovative architecture that uses self-attention mechanisms to process image data. Unlike Convolutional Neural Networks (CNNs), which rely on convolutional layers for feature extraction, ViTs divide images into smaller patches and treat them as individual tokens. This token-based approach allows for... Read more
This AI Paper Unveils TrialGPT: Revolutionizing Patient-to-Trial Matching with Precision and Speed

Matching patients to suitable clinical trials is a pivotal but highly challenging process in modern medical research. It involves analyzing complex patient medical histories and mapping them against considerable levels of detail found in trial eligibility criteria. These criteria are complex, ambiguous, and heterogeneous, making the undertaking labor-intensive and prone... Read more
This AI Paper Introduces Interview-Based Generative Agents: Accurate and Bias-Reduced Simulations of Human Behavior

Generative agents are computational models replicating human behavior and attitudes across diverse contexts. These models aim to simulate individual responses to various stimuli, making them invaluable tools for exploring human interactions and testing hypotheses in sociology, psychology, and political science. By integrating artificial intelligence, these agents offer novel opportunities to... Read more
Chinese AGI Startup ‘StepFun’ Developed ‘Step-2’: A New Trillion-Parameter MoE Architecture Model Ranking 5th on Livebench

In the evolving landscape of artificial intelligence, building language models capable of replicating human understanding and reasoning remains a significant challenge. One major hurdle in the development of large language models (LLMs) is balancing computational efficiency with expansive capabilities. As models grow larger to capture more complex relationships and generate... Read more
Meet The Matrix: A New AI Approach to Infinite-Length and Real-Time Video Generation

Generating high-quality, real-time video simulations poses significant challenges, especially when aiming for extended lengths without compromising quality. Traditionally, world models for video generation have faced limitations due to high computational costs, short video duration, and lack of real-time interactivity. The use of manually configured assets, as seen in AAA game... Read more
Google Researchers Developed AlphaQubit: A Deep Learning-based Decoder for Quantum Computing Error Detection

Quantum computing, despite its potential to outperform classical systems in certain tasks, faces a significant challenge: error correction. Quantum systems are highly sensitive to noise, and even the smallest environmental disturbance can lead to computation errors, affecting the expected outcomes. Unlike classical systems, which can use redundancy through multiple bits... Read more
AlphaQubit tackles one of quantum computing’s biggest challenges

Our new AI system accurately identifies errors inside quantum computers, helping to make this new technology more reliable.... Read more
DeepSeek Introduces DeepSeek-R1-Lite-Preview with Complete Reasoning Outputs Matching OpenAI o1

Artificial intelligence (AI) models have made substantial progress over the last few years, but they continue to face critical challenges, particularly in reasoning tasks. Large language models are proficient at generating coherent text, but when it comes to complex reasoning or problem-solving, they often fall short. This inadequacy is particularly... Read more