9 startups that stood out on YC Demo Day 2

Posted on September 27, 2024 by Techme101

Here are the startups from YC Demo Day 2 that we thought stood out from the flock.
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on 9 startups that stood out on YC Demo Day 2

Indian game streaming startup Loco sells majority stake to Redwood

Posted on September 27, 2024 by Techme101

UAE-based Redwood has acquired a majority stake in the game streaming platform Loco as the Indian firm looks to expand focus to international markets, TechCrunch has learned and confirmed. Redwood, a newly-formed investment firm, has signed a $65 million deal with Loco, an investment that also gives full exit to all existing Loco backers. This […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Indian game streaming startup Loco sells majority stake to Redwood

OpenAI CFO tells investors funding round should close by next week despite executive departures

Posted on September 27, 2024 by Techme101

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.

Posted in Tech | Tagged | Comments Off on OpenAI CFO tells investors funding round should close by next week despite executive departures

Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

Posted on September 27, 2024 by Techme101

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in the company.

Posted in Tech | Tagged | Comments Off on Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

Deloitte: 50% More Professionals Rank Data Privacy as a Top GenAI Concern in 2024

Posted on September 26, 2024 by Techme101

Forty percent of the professionals surveyed by Deloitte flagged data privacy as their top concern when it comes to GenAI, while only 22% did in 2023.

Posted in Tech | Tagged | Comments Off on Deloitte: 50% More Professionals Rank Data Privacy as a Top GenAI Concern in 2024

Starlink will hit 4 million subscribers this week, SpaceX President says 

Posted on September 26, 2024 by Techme101

SpaceX’s Starlink satellite internet network is expected to hit a new customer milestone this week, company President Gwynne Shotwell told Texas legislators on Tuesday.  “This week, by the way, we will pass 4 million customers for Starlink, which is quite exciting,” she said while testifying before a state House Appropriations Committee meeting.  The milestone would […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Starlink will hit 4 million subscribers this week, SpaceX President says 

Runway earmarks $5M to fund up to 100 films using AI-generated video

Posted on September 26, 2024 by Techme101

AI video generators need to believe that filmmakers will use their models in the production process. Otherwise why exist? To jump-start the new AI film ecosystem, Runway has set aside $5 million in cash and more in service credits to fund up to 100 original films. If you’re an AI-curious director, now’s your chance to […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Runway earmarks $5M to fund up to 100 films using AI-generated video

OpenAI’s VP of global affairs claims o1 is ‘virtually perfect’ at correcting bias, but the data doesn’t quite back that up

Posted on September 26, 2024 by Techme101

Departures might be dominating the week’s OpenAI-related headlines. But comments on AI bias from Anna Makanju, the company’s VP of global affairs, also grabbed our attention. Makanju, speaking on a panel at the UN’s Summit of the Future event on Tuesday, suggested that emerging “reasoning” models such as OpenAI’s o1 have the potential to make […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on OpenAI’s VP of global affairs claims o1 is ‘virtually perfect’ at correcting bias, but the data doesn’t quite back that up

Former Brex COO who now heads unicorn fintech Figure says GPT is already upending the mortgage industry

Posted on September 26, 2024 by Techme101

Lending startup Figure will be launching an AI tool powered by GPT-4 to help catch errors in lending documents. 
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Former Brex COO who now heads unicorn fintech Figure says GPT is already upending the mortgage industry

Nomi AI wants to make the most emotionally intelligent chatbots on the market

Posted on September 26, 2024 by Techme101

As OpenAI boasts about its o1 model’s increased thoughtfulness, a small, self-funded startup Nomi AI is building the same kind of technology. Unlike the broad generalist ChatGPT, which slows down to think through anything from math problems or historical research, Nomi niches down on a specific use-case: AI companions. Now, Nomi’s already-sophisticated chatbots take additional […]
© 2024 TechCrunch. All rights reserved. For personal use only.

Posted in Tech | Tagged | Comments Off on Nomi AI wants to make the most emotionally intelligent chatbots on the market