Thursday, May 30, 2024

AI manufacturing startup funding is on a tear as Switzerland’s EthonAI raises $16.5M

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In its three-year history, EthonAI has amassed some fairly high-profile customers including Siemens and chocolate-maker Lindt.

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Archer, Kakao Mobility partner to bring electric air taxis to South Korea in 2026

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Archer Aviation is partnering with ride-hailing and parking company Kakao Mobility to bring electric air taxi flights to South Korea starting in 2026, if the company can get its aircraft developed in time. The move to South Korea is part of an international strategy that will also see Archer commercially launch in the United Arab […]

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Basalt plans to hack a defunct satellite to install its space-specific OS

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Space startup Basalt Technologies started in a shed behind a Los Angeles dentist’s office, but things have escalated quickly: soon it will try to hack a derelict satellite and install its space-specific OS. The startup’s cofounder, Alex Choi, found himself living in said shed after suddenly getting kicked out of his MIT dorm due to […]

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Former teen model co-created app Frich to help Gen Z be more realistic about finances

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As a teen model, Katrin Kaurov became financially independent at a young age. Aleksandra Medina, whom she met at NYU Abu Dhabi, also learned to manage money early on. The pair bonded as students over what they viewed as a lack of a space for open conversations for people their age to have around financial […]

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Autobiographer’s app uses AI to help you tell your life story

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Can an AI help you tell your story? That’s the idea behind a startup called Autobiographer, which leverages AI technology to engage users in meaningful conversations about the events in their lives and how they felt about them, and then turns those into prose, effectively creating your own autobiography. The startup is dabbling in an […]

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Rhea reaps $10M more led by Thiel

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Fertility remains a pressing concern around the world — birthrates are down in many countries, and infertility rates (that is, the ability to conceive at all) are up. And given the emotional struggles people face when coping with infertility, it’s not surprising that the opportunity is so big. Yet equally so that the sector remains […]

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Tech giants form an industry group to help develop next-gen AI chip components

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Microsoft, Meta, Intel, AMD and others have formed a new group to design next-gen interconnects for AI accelerator hardware.

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Filing shows Salesforce paid $419M to buy Spiff in February

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Salespeople live and die by commissions, which typically form a big chunk of how they are paid. It’s no surprise, then, that Salesforce paid a premium to buy a platform that helps its customers manage commissions more easily. Several months ago, Salesforce bought Spiff to help companies build out and manage incentive-based compensation schemes. Salesforce’s […]

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Ambani’s Reliance fires opening salvo in fintech battle, launches JioFinance app

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With JioFinance, the Indian tycoon Mukesh Ambani is making his boldest consumer-facing move yet into financial services.

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YoLa Fresh, a GrubMarket for Morocco, digs up $7M to connect farmers with food sellers

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YoLa Fresh works with over a thousand retailers across Morocco and records up to $1 million in gross merchandise volume.

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Instagram now lets teens limit interactions to their ‘Close Friends’ group to combat harassment

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Instagram is expanding the scope of its "Limits" tool specifically for teenagers that would let them restrict unwanted interactions with people.

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Archer, Kakao Mobility partner to bring electric air taxis to South Korea in 2026

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Iyris makes fresh produce easier to grow in difficult climates, raises $16M

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2023 was the hottest year on record, it doesn’t look like we’re cooling down anytime soon. Rising temperatures have made farming increasingly difficult in areas that were once prime agricultural resources where heat and drought have severely impacted crops. For most farmers who rely on traditional methods and lack access to high-tech greenhouses, the need […]

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Exactly.ai secures $4M to help artists use AI to scale up their output

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Exactly.ai says it uses generative AI to help artists retain legal ownership of their art while being able to reproduce their designs faster and at scale.

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Romanian startup FintechOS raises $60M to help old banks fight back against neobanks

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FintechOS competes with other companies such as Ncino, Meridian Link, Abrigo and Backbase.

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