The threat of deepfakes is growing as the AI tools to create them become widely accessible. There was a 245% increase in deepfakes worldwide from 2023 to 2024, an uptick spurred in part by coming election cycles, according to verification provider Sumsub. It’s also affecting the corporate sector; a recent Business.com survey found that 10% […]
Deepfake-detecting firm Pindrop lands $100M loan to grow its offerings Read More »
The current secondary ticket exchange system is fraught with several issues, such as tickets being resold at prices much higher than their face value, exorbitant fees and other additional costs. Not to mention the risk of purchasing counterfeit or invalid tickets, resulting in a disappointing user experience. CrowdVolt wants to disrupt the space with its
YC-backed CrowdVolt shakes up the secondary ticket market with its bid-ask model Read More »
The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to $273 billion in 2023, representing 14%
Adaptive builds automation tools to speed up construction payments Read More »
As the demand for AI grows, so, too, does the demand for expertise in maintaining databases — a critical part in any AI pipeline. Databases store the information used to train, run and fine-tune AI systems, and it’s been shown that good data management can smooth the pathway to AI adoption in an enterprise. One
Database startup Tembo lands new cash to expand Read More »
Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to
Have you ever wanted a personalized makeup dispenser? Well, Boldhue‘s co-founder and CTO Karin Layton has built just that: A device that aims to be the “Keurig for makeup.” Boldhue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone. The beauty tech startup on Tuesday said it had
Beauty tech startup Boldhue raises capital to ship its ‘Keurig for makeup’ Read More »
Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders
Amazon hires founders away from AI startup Adept Read More »
The generative AI boom is driving the demand for AI chips, which are purpose-built to train and run generative AI models. And major players, from VCs to startups, are scrambling to get in on the ground floor. SoftBank’s Masayoshi Son is reportedly looking to raise $100 billion for a chip initiative that would compete with
Axelera lands new funds as the AI chip market heats up Read More »
AI “agents” are generative AI models that can perform actions autonomously, like copying info from an email and pasting it into a spreadsheet, and have been hailed as productivity superchargers. That might be a bit premature, given models’ tendency to make mistakes. But at least a few founders (and analysts and investors) seem convinced that
Orby is building AI agents for the enterprise Read More »
Formation Bio, a startup focused on applying AI to drug development with backing from OpenAI CEO Sam Altman, has raised over a quarter-billion dollars to support its ambitious product roadmap. Formation announced Wednesday that it raised $372 million in a Series D funding round led by Andreessen Horowitz with participation from drug maker Sanofi, Sequoia,
Formation Bio raises $372M to boost drug development with AI Read More »
