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Federal prosecutors drop campaign finance charge against FTX co-founder Sam Bankman-Fried
Daniel Levi Posted On July 27, 2023


It’s been quite a while since we last heard from Sam Bankman-Fried, the co-founder of FTX. However, he’s back in the news now as federal prosecutors recently dropped a campaign finance charge against him. During the court proceedings on Wednesday, […]


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Protect AI raises $35M in funding to help organizations build safer AI and secure their AI & ML systems
Nickie Louise Posted On July 27, 2023


As artificial intelligence (AI) continues to gain mainstream adoption and more companies integrate AI into their organization ecosystems, there is a growing chorus of voices emphasizing the importance of AI safety once again. Just yesterday, we saw the launch of […]


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Meta’s Reality Labs lost over $21 billion since the beginning of last year after failed metaverse bet
Daniel Levi Posted On July 26, 2023


It’s remarkable how much can change in just one year. Nowadays, AI is dominating the conversation, but it’s worth recalling that not long ago, the metaverse was stealing the spotlight when Facebook rebranded itself as Meta to focus on the […]


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OpenAI, Google, others launch Frontier Model Forum, a new AI industry group to promote safe and responsible AI
Nickie Louise Posted On July 26, 2023


Last Friday, seven leading artificial intelligence (AI) companies including OpenAI, Google’s Alphabet, and Meta pledged to take measures to enhance AI safety. The move was part of the effort to ensure greater accountability and reliability in the use of AI-generated […]


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Haveli, General Atlantic acquire business software startup Certinia for nearly $1 billion
Nickie Louise Posted On July 26, 2023


While startup funding has slowed down in recent months. Merger and acquisition (M&A) activity continues to trend upward as private equity firms discovered great deals and opportunities. The latest is software vendor Certinia. Today, private equity firms Haveli Investments and […]


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OpenAI can’t detect AI-generated content after all; shut down its AI Classifier tool due to low accuracy rate
Nickie Louise Posted On July 26, 2023


You’ve probably read that AI can detect AI-generated content. As it turns out, OpenAI, the AI company that took the Internet by storm with its popular chatbot tool, can’t even tell if something was written by AI or a human. […]


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Mobilo raises $4.1M to revolutionize business networking and eliminate millions of business cards thrown away every year
Nickie Louise Posted On July 25, 2023


Did you know that 27 million paper-based business cards are printed every day? But here’s the really troubling part – over 80% of those cards end up being thrown away each year. This is not just a waste of resources, […]


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TikTok to launch e-commerce platform in the US to sell Chinese-made goods as it aims for US market domination, WSJ report
Nickie Louise Posted On July 25, 2023


TikTok is about to make waves again, but this time not for its popular short videos. You know those addictive short videos that keep us scrolling for hours? Well, TikTok is looking to take that addictive energy and channel it […]


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Bunq, a Dutch neobank startup, raises $111M at a $1.8 billion valuation to expand into the US market
Nickie Louise Posted On July 24, 2023


In the first half of 2023, the fintech industry experienced a significant decline in venture funding, with investments dropping almost by half to just $23 billion. This funding drought was a result of the ongoing economic downturn that affected the […]


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OpenAI’s Sam Altman launches Worldcoin, an iris-scanning crypto project to ‘verify’ every human online
Daniel Levi Posted On July 24, 2023


“Something like World ID will eventually exist, meaning that you will need to verify [you are human] on the internet, whether you like it or not,” WorldCoin CEO Alex Blania said. Worldcoin, an OpenAI’s Sam Altman startup that scans people’s […]


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The end of AI content creation? OpenAI, Google, and others pledge to watermarking AI content for safety, White House says
Nickie Louise Posted On July 21, 2023


Just yesterday, The New York Times reported that Google is working on a new AI tool that will assist journalists in creating news articles and usher in a new era of news reporting. The AI tool, known internally within Google […]


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ChatGPT’s accuracy in solving basic math declined drastically, dropping from 98% to 2% within just a few months, study finds
Daniel Levi Posted On July 20, 2023


ChatGPT has caught the world by storm since its launch in November of last year. The world’s most popular AI-powered chatbot has been hailed as a potential game-changer in the field of artificial intelligence and a groundbreaking technology that could […]


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Apple GPT: Apple is reportedly working on its own version of ChatGPT; stock gains $60 billion in seconds
Nickie Louise Posted On July 19, 2023


The AI chatbot landscape is becoming increasingly crowded, with numerous generative AI startups launching their own AI-powered chatbot tools since the debut of ChatGPT in November 2022. As the AI race heats up, many players including tech giants are vying […]


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Digital health startup WalkWise lands $1.2M in funding to commercialize its patented smart mobility aid attachments for senior care
Nickie Louise Posted On July 19, 2023


Imagine a world where seniors can confidently walk around, staying active and independent, without worrying about falls or accidents. As we age, it’s natural for our mobility to decrease, but that doesn’t mean we have to give up on being […]


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Adtech startup Aleph withdraws its IPO filing a year after filing paperwork to go public
Nickie Louise Posted On July 19, 2023


Aleph Group, a global player in digital advertising for emerging countries, announced on Tuesday it filed to withdraw its IPO plans, citing reasons related to “public interest and the protection of investors,” Reuters reported. The move comes after more than […]


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Tractable raises $65 million in funding led by SoftBank to assess insurance claims using AI
Nickie Louise Posted On July 18, 2023


Artificial intelligence (AI) startups continue to attract significant investment, as investors see the potential of AI to transform industries. The latest is Tractable AI, a London-based tech startup that uses AI to assess insurance claims using visual images. Today, Tractable […]


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Intel backs $9M funding for robotics startup Figure to build advanced autonomous humanoid robots
Nickie Louise Posted On July 17, 2023


Robotics startups appear to be having a great week despite the ongoing funding drought. Earlier today, we wrote about Rice Robotics after the Hong Kong-based startup raised  $7 million in pre-Series A funding to build the software and hardware infrastructure […]


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Hong Kong tech startup Rice Robotics raises $7M in funding to build production plant and expand its footprint in Japan
Nickie Louise Posted On July 17, 2023


Despite the ongoing funding crunch faced by many tech startups, billions of dollars continue to flow into generative artificial intelligence (AI) robotics startups. The latest startup to benefit from this influx of funding is Rice Robotics, a Hong Kong-based startup […]


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TLV Partners launches a $250 million fund to invest in early-stage Israeli-founded startups
Nickie Louise Posted On July 17, 2023


Last quarter, investors financed 3,011 startup funding deals in the United States. Investors spent $39.8 billion, down by nearly half from the same period a year ago. But the United States is not alone. Israel, known for having the highest […]


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Threads user exodus: Meta’s so-called ‘Twitter killer’ app’s user engagement plunges just a week after red-hot debut
Daniel Levi Posted On July 14, 2023


Meta’s Threads has generated quite the buzz in one week, with some even touting it as the next Twitter killer. Within just five days of its launch, Meta’s Threads reported a record 100 million sign-ups. But what goes up must […]


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