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Generative AI startup 1337 (Leet) is paying users to help create AI-driven influencers

October 26, 2023

There’s been a rise of virtual influencers in recent years– computer-generated personalities who are just as active on social media platforms as real humans are. Many companies are investing in what’s called the “digital human economy,” a bullish market that is forecasted to reach $125 billion by 2035, per Gartner. And now, thanks to the […]

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AgentSync raises $50M more in a massive Series B extension

October 26, 2023

Insurtech has had a rocky few years. Several startups in the space raised a lot of money and tried their luck on the public markets, but found that investors were unwilling to grant them valuations on par with other tech companies for just trying to make insurance more efficient. Indeed, the market seems to demand […]

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Google adds generative AI threats to its bug bounty program

October 26, 2023

Google has expanded its vulnerability rewards program (VRP) to include attack scenarios specific to generative AI. In an announcement shared with TechCrunch ahead of publication, Google said: “We believe expanding the VRP will incentivize research around AI safety and security and bring potential issues to light that will ultimately make AI safer for everyone,”  Google’s […]

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Memory chip maker SK Hynix, a shareholder of Kioxia, opposes a merger with Western Digital

October 26, 2023

A long-expected merger of two of the world’s biggest memory chip companies — Western Digital and Japan’s Kioxia — may be hampered by one of Kioxa’s shareholders, SK Hynix. The South Korean chipmaker said during its earnings call today that it would not agree to a combination of the two players.  “SK Hynix is not […]

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Temasek and SBI pour $384 million into India’s Ola Electric

October 26, 2023

Ola Electric said on Thursday that it has raised $384.43 million in a funding round. What the Bengaluru-headquartered electric vehicle startup — which supposedly has no ongoing relationship with the ride-hailing startup Ola but continues to share resources, much to many investors’ chagrin — didn’t say was that more than $200 million of the new […]

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Meta says users and businesses have 600 million chats on its platforms every day

October 26, 2023

Meta is doubling down on business messages for revenue generation, as Mark Zuckerberg indicated during the company’s earnings call for Q3 2023. Zuckerberg said that the company is looking to tap into generative AI-based bots for businesses for use cases like customer support. The Meta CEO said that users and businesses are interacting more than […]

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African VCs and startups are eyeing the Middle East for new capital, but there’s a catch

October 26, 2023

African startup funding has seen a significant decline of more than 50% over the past three quarters compared to the previous year, as reported by The Big Deal. To date, startups on the continent have secured funding in the range of $2.5 billion to $3 billion, based on data from The Big Deal and Briter […]

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