Tag: Startups
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Reassuring AI Possibilities: ChatGPT Boss Allays Fears
Discover how Sam Altman, CEO of OpenAI, believes that the transformative power of AI is still being underestimated. With the advancement of AI, the future looks bright for those who take advantage of its potential. Learn more about its importance in expanding start-ups and how it can assist individuals with everyday tasks.
Prosus N Expands Generative AI Applications with OpenAI Technology Across Global Portfolio
Prosus, the global consumer internet group, is expanding its generative AI solutions across its portfolio using OpenAI technology. With over 800 AI practitioners in 100+ countries, the Prosus AI Lab helps startups scale small data teams and access models and tools previously only available to larger tech companies. This expansion covers the Classifieds, Edtech, Food Delivery, and Payments & Fintech sectors, enabling state-of-the-art AI science and technology to drive innovation and business results.
10 Key Questions to Ask a VC, Antitrust and AI, and Investor Survey in Japan: TechCrunch+ Roundup
Seed-stage startups face a 52% decrease in deals for Q1 2023, urging founders to reassess the value of their investors. Law firms warn that AI-enabled technology development may create legal issues, and federal and state law violation risks. In contrast, the Fed's new initiative, FedNow, will allow instant payments 24/7/365, paving the way for fintech companies' growth, while Japan's VC market hit a record high in 2022. Learn more about these trends and the strategies of investors active in Japan's startup ecosystem in this informative article.
Sequoia Capital splits into three entities, resolving power struggle suspicions.
Sequoia Capital is dividing into three entities to enhance investment efficiency among their competing start-ups. Shen will remain the head of the Asian arm, dispelling power struggle rumors. Learn more here.
Five Chinese Startups Competing to Become the OpenAI of China
Chinese start-ups have emerged as major competitors in the AI chatbot market, challenging the dominance of OpenAI and Google. Tencent, Alibaba, and Baidu are among the brands competing to develop more intuitive and efficient chatbots, backed by innovative new products and strong funding. These companies face the challenge of winning over loyal Chinese consumers, but have the potential to disrupt the market as they race to become AI chatbot leaders.