Artificial intelligence (AI) prophets and newsmongers are forecasting the end of the generative AI hype, with talk of an impending catastrophic “model collapse”. But how realistic are these predictions? And what is model collapse anyway? Discussed in 2023, but popularised more recently, “model collapse” refers to a hypothetical scenario where future AI systems get progressively… Read more »
Early childhood edtech LoveHeart AI has raised $2.3 million in a Seed round for its “super-intelligent aide for educators”. The raise was backed OIF Ventures and Skalata. Loveheart was founded in 2022 by Himal Randeniya, who used the proceeds from his first venture, Project Academy, to buy and run several early childhood education centres. He… Read more »
Puddle Pod started four years ago as a weekend side hustle of Startmate CEO Michael Batko. But since then it’s grown into a thriving community of learners committed to improving their professional lives featuring courses for people in startups to ramp up the talents they need to succeed. Puddle Pod has become the go-to productivity… 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 »
Artificial intelligence-based loans assessment platform Rich Data Co has topped up its Series B, nine months on, with another $9 million, this time from Acorn Capital, for a total raise of $37 million. The fintech banked $28 million last November in part 1 of its Series B, led by Westpac and Nasdaq-listed cloud banking firm… Read more »
In the world of artificial intelligence (AI), a battle is underway. On one side are companies that believe in keeping the datasets and algorithms behind their advanced software private and confidential. On the other are companies that believe in allowing the public to see what’s under the hood of their sophisticated AI models. Think of… Read more »
Mark my words: the first 1-person unicorn company is launching soon. This unprecedented feat will only be made possible by the transformative power of AI. For startups and small businesses, every dollar and every hour counts. You have limited resources compared to larger competitors, making any productivity or efficiency gain all the more significant. This… Read more »
Three years after selling A Cloud Guru for $2 billion, cofounder Sam Kroonenburg is back in early-stage startup land with an AI-based adtech and $5.5 million in Seed funding to kick it off. His new play is Cuttable, an automated content marketing agency that’s like Canva-for-ads, so users can create digital advertising rapidly, at a lower… Read more »
Since the release of ChatGPT in November 2022, the world has seen an incredible surge in investment, development and use of artificial intelligence (AI) applications. According to one estimate, the amount of computational power used for AI is doubling roughly every 100 days. The social and economic impacts of this boom have provoked reactions around… Read more »
The fast-track business school founded by Professor Scott Galloway, the outspoken New York University professor, author, and tech entrepreneur, is coming to Australia to teach artificial intelligence (AI). Galloway’s Section School has partnered with BSI Digital Learning to launch the National School for Upskilling in Artificial Intelligence, offering an “AI Crash Course”. BSI Learning CEO… Read more »
A developer platform created by former Atlassian product managers to tackle the missing AI engineering and security skillsets in enterprise software engineering teams has raised $11.5 million in a Seed round. The funding for Melbourne-based Redactive AI was co-led by Californian VC Felicis and local VC Blackbird, supported by Atlassian Ventures and US automated workflows giant… Read more »
Caryn Marjorie is a social media influencer whose content has more than a billion views per month on Snapchat. She posts regularly, featuring everyday moments, travel memories, and selfies. Many of her followers are men, attracted by her girl-next-door aesthetic. In 2023, Marjorie released a “digital version” of herself. Fans could chat with CarynAI for… Read more »
Document analysis firm Affinda has banked $10 million in a raise that has doubled its valuation in just 18 months as it ramps up its artificial intelligence capabilities. Affinda bootstrapped for its first decade before raising $12.9 million in 2022 at a $60m pre-money valuation. The fresh cash landed from the same investors at twice… Read more »
A photographer disqualified after winning an AI image competition with a real photo says playing a trick on the judges proved “nature still outdoes the machine”. Miles Astray’s photo ‘FLAMINGONE’ won the People’s Vote and a Jury Award after he entered it into the artificial intelligence category of the 1839 Awards for photography this month, but was… Read more »
This year marks 60 years since a WWII bomber pilot began filming a science fiction series he wrote that would boldly go where TV had not gone before, changing the face of popular culture with Star Trek. Gene Roddenberry died in 1991, but his legacy and imaginings live on through the Roddenberry Foundation, which has… Read more »
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