Quora, the popular question and answer platform, has made headlines once again by raising funding for the first time in nearly seven years. The company secured an impressive $75 million investment from Andreessen Horowitz (a16z), with the aim of fuelling the growth of Quora’s AI chat platform, Poe. Focus on Poe, Quora’s AI chat platform At the center of Quora’s
In today’s rapidly evolving technological landscape, researchers are constantly pushing the boundaries of what robots can achieve. One groundbreaking research project focuses on addressing the issue of a robot autonomously changing a previously acquired task without the need for human intervention. This research initiative, funded by the European Union with eight million euros, aims to revolutionize industries by introducing autonomous
Vienna-based InsurTech company hi.health has successfully raised €6m in its pre-Series A financing round. The funding comes in the wake of high investor interest, with notable existing investors such as SpeedInvest and Calm/Storm participating alongside new international investors Haymaker Ventures, Fin VC, and Nina Capital. This financing round marks a pivotal moment for hi.health as it seeks to scale its
As we bid farewell to the rollercoaster year of 2023, the AI startup landscape is poised for an exciting journey ahead in 2024. The industry is moving past its initial hype cycle, and investors are optimistic about the emergence of more durable businesses. In this article, we will explore the expectations for continued funding, the potential second wave of AI
Generative AI, with its ability to create new content, has gained considerable attention in the business world. As companies explore the potential of this technology, it is crucial to understand the challenges and strategies associated with monetizing generative AI. In a recent survey of Fortune 500 CEOs, a significant majority expressed optimism about the positive impact generative AI can have
Insurance technology startup Riskcovry has successfully secured approximately $4.5 million in a bridge round of funding, with leading Dubai-based business-to-business (B2B) fund Morphosis Venture Capital taking the lead. This funding round aims to support Riskcovry in its journey towards profitability and eventually close its Series B round. With a strong commitment to growth, Riskcovry intends to achieve a remarkable five-fold
SpaceX, the renowned aerospace company founded by Elon Musk, has recently filed a lawsuit against the National Labor Relations Board (NLRB) in a Texas federal court. The legal action is in response to an unfair labor practice charge filed against SpaceX in 2022, which the company claims subjected them to an unconstitutional administrative hearing. This article delves into the background
In today’s digital age, where information overload is a common challenge, startups are relentlessly seeking to reinvent AI-powered search from the ground up. Their aim? To deliver a superior search experience and carve out a niche in the ever-evolving world of information retrieval. Perplexity AI is one such startup that has emerged as a frontrunner in this quest, attracting significant
In a groundbreaking collaboration, D•One, a leader in open banking services, has partnered with Salad Money to revolutionize the credit decision-making process. By leveraging D•One’s expertise, Salad Money aims to enhance affordability assessments and offer more accurate and efficient lending options to consumers with impaired or limited credit histories. Enhanced Affordability Assessments With the integration of D•One’s advanced technologies, Salad
Intel, the renowned semiconductor company, has joined forces with asset manager DigitalBridge Group to create Articul8 AI, a groundbreaking venture focused on generative AI enterprise solutions. This strategic partnership aims to leverage Intel’s cutting-edge GenAI system, developed with the aid of one of its supercomputers. By combining open-source and proprietary technology, Articul8 endeavors to revolutionize text and image analysis capabilities.
In today’s fast-paced world, organizations are constantly seeking innovative solutions to streamline their operations, boost efficiency, and stay ahead of the competition. The advent of Artificial Intelligence (AI) and Robotic Process Automation (RPA) has brought promising opportunities for businesses to automate repetitive tasks, enhance productivity, and drive growth. This article explores the power of AI and RPA, their accessibility, the
Equinix, a global leader in data centers, has recently unveiled plans to expand its support for liquid cooling technologies. This move comes as businesses increasingly require high-density hardware and seek more efficient cooling solutions. By offering liquid cooling options, Equinix aims to provide its customers with enhanced capabilities to meet the evolving demands of modern IT deployments. Current support for
