OpenAI’s gobsmacking US$6.6 billion (A$9.5 billion) raise, announced last week at a US$157bn (A$230bn) valuation, has a small slice of Australia on the cap table, with Melbourne fund manager Boman Group chipping in A$10 million. The record raise for the San Francisco-based artificial intelligence (AI) startup was led by Josh KuschUS VC Thrive Capital with… Read more »
Artificial intelligence (AI) has begun to permeate many facets of the human experience. AI is not just a tool for analysing data – it’s transforming the way we communicate, work and live. From ChatGP through to AI video generators, the lines between technology and parts of our lives have become increasingly blurred. But do these… Read more »
An Australian-US startup that’s developed an AI-based customer support agent used by the likes of Chemist2U and Eucalyptus to solve complex problems has raised US$5 million ($7.3m) in Seed funding. Lorikeet, named after the colourful and garrulous Australian parrot, was founded in mid-2023 (originally as Optech) by US-based former Stripe executive Steve Hind and former Google… Read more »
By now, many of us are probably familiar with artificial intelligence hype. AI will make artists redundant! AI can do lab experiments! AI will end grief Even by these standards, the latest proclamation from OpenAI chief executive Sam Altman, published on his personal website this week, seems remarkably hyperbolic. We are on the verge of… Read more »
Sydney legaltech startup Mary Technology has raised $1.35 million to enlist artificial intelligence to transform one of the most laborious and costly parts of case preparations – a chronology draft. The round was led by Empress Capital with support from Sam Nickless, CEO of Gilbert + Tobin, The Fund, Sydney Angels and Mark Kalajzich and… Read more »
Migration process platform Matilda launches this week after raising $1 million in a pre-Seed round The raise was led by AfterWork Ventures, with support from Victoria Denholm’s Wollemi Capital, Everywhere VC, Co-Ventures and Startmate. This funding is to accelerate the development of the Matilda platform. which aims to make migration more streamlined and stress-free. Cofounder… Read more »
Gold Coast startup Heatseeker has raised $1.3 million in an ongoing pre-Seed round, topped up by $200,000 from the state government’s investment fund, Advance Queensland. The Gold Coast startup was cofounded in 2023 by former Silicon Valley entrepreneur Kate O’Keeffe and former Naked Ambition CEO Fiona Triaca. Their AI platform help companies conduct quick, easy,… Read more »
The Commonwealth Bank (CBA) will test a generative AI-based chatbot that could replace its call centre staff as part of Australia’s largest financial institution’s expanded use of AI technology. On Tuesday, CBA announced it would become the first Australian company to use Amazon Web Services’ (AWS) P5s, which are based on Nvidia computer chips supporting… Read more »
New research published in Science shows that for some people who believe in conspiracy theories, a fact-based conversation with an artificial intelligence (AI) chatbot can “pull them out of the rabbit hole”. Better yet, it seems to keep them out for at least two months. This research, carried out by Thomas Costello at the Massachusetts… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
Just when you thought you had all your tech stuff sorted, along comes generative AI, another thing to get your head around and make use of – fast. Time is everything, especially as you try to navigate a myriad of different interactions, all while adapting your processes to meet the market fit for your business. … Read more »
Australia’s federal government has launched a proposed set of mandatory guardrails for high-risk AI alongside a voluntary safety standard for organisations using AI. Each of these documents offer 10 mutually reinforcing guardrails that set clear expectations for organisations across the AI supply chain. They are relevant for all organisations using AI, including internal systems aimed… Read more »
Artificial intelligence startup Curious Thing AI, which is at the forefront of AI-powered voice responses to phone calls, now has a solution for annoying spam and robocalls. The Sydney-based voice communication platform’s flagship product for small-to-medium enterprises (SMEs), Lucy, is an AI phone agent designed to replace traditional voicemail systems to help companies and people… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
Less than two years ago, the launch of ChatGPT started a generative AI frenzy. Some said the technology would trigger a fourth industrial revolution, completely reshaping the world as we know it. In March 2023, Goldman Sachs predicted 300 million jobs would be lost or degraded due to AI. A huge shift seemed to be… Read more »
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