Mind mapping startup Omniscient has raised US$60 million (A$89m) in a Series C as it uses artificial intelligence (AI) to decode the human brain. The raise was backed by mining magnate Gina Rinehart and existing investor Will Vicars, the billionaire chief investment officer at Caledonia. The five-year-old startup previously raised $40 million in a Series… Read more »
Apple has announced how it will integrate generative artificial intelligence into its iPhones, iPads and Macs, following months of speculation. The company’s AI system, dubbed Apple Intelligence – the company has resisted using the words artificial intelligence – was announced at its annual Worldwide Developers Conference (WWDC) in Cupertino, California on Tuesday. Already lagging behind… Read more »
George Lucas, founder of ASX-listed fintech Raiz Invest, is back in startup land with a new idea, an AI Copilot for the financial adviser market, securing $2.5 million in a pre-Seed round to take it global. And after a bruising battle over his previous fintech, he’s off to the US to do it. YBL.AI uses… Read more »
The federal government has chosen four organisations under its AI Adopt Program to give small to medium-sized businesses (SMEs) to provide expert advice on how to adopt artificial intelligence (AI) in their operations. Each centre will target businesses in key priority areas of the National Reconstruction Fund. The centres will demonstrate how AI can modernise… Read more »
Last week OpenAI launched GPT-4o (“o” for “omni”), a new version of the artificial intelligence (AI) system powering the popular ChatGPT chatbot. GPT-4o is promoted as a step towards more natural engagement with AI. According to the demonstration video, it can have voice conversations with users in near real-time, exhibiting human-like personality and behaviour. This… Read more »
Artificial intelligence (AI) text and image generation tools have now been around for a while, but in recent weeks, apps for making AI-generated music have reached consumers as well. Just like other generative AI tools, the two products – Suno and Udio (and others likely to come) – work by turning a user’s prompt into… Read more »
You might have seen viral videos of Wendy’s drive-thru customers in the United States ordering their fast food from the firm’s generative AI bot Wendy’s FreshAI. Most show a very human-like transaction punctuated with cries of amazement at how fast, accurate and polite the system is. While the system and others like it are in… Read more »
A Sydney-based online customer support platform using AI to answer questions has raised $3.85 million. The raise for Brainfish was led by Peak XV (the renamed Sequoia Capital India), with support from Macdoch Ventures, Black Sheep Capital, MadPaws CEO Justus Hammer and US and Australian angel investors. It’s the second round for the business in… Read more »
An AI-powered research and insights discovery platform for research papers has raised $750,000 in a pre-Seed round. The raise for Outread was backed by the Techstars Accelerator and Google chief scientist Jeff Dean, as well as Google VP of finance Fiona Bones. The research and insights platform was founded in 2023 by siblings Janhvi and… Read more »
Melbourne startup WorkRex has raised $220,000 from early stage VC Skalata for its all-in-one customer marketing platform for small business. Cofounders Jing Chen, Lance Qian, and Myron Liu – an optometrist, ex-McKinsey consultant, and software engineer respectively – developed the platform after a deep dive into how small-to-medium-sized are struggling to keep up with growing… 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 »
The next time you go for a job interview at Woolies or Qantas, you may end up with generative AI not only telling you how you did, but also offering advice on how to perform better next time. Melbourne recruitment startup Sapia.ai has launched a generative AI model it’s called SAIGE to give candidate feedback.… Read more »
Startup founders need to think about how to integrate artificial intelligence (AI) into their business with care and attention to potential risks in order to attract investors, a leading VC says. But a fear of those risks and regulation shouldn’t cause a “paralysis moment” that stop innovation, says Lee Hickin, the AI technology policy lead… Read more »
Tech-focused coworking community Tank Stream Labs has launched an AI Hub powered by Microsoft at the Sydney Startup Hub Tank Stream Labs CEO Bradley Delamare said the AI Hub will be a dedicated community to founders, developers and startup/scale-up companies in the AI sector. “We are excited to introduce the Tank Stream Labs AI Hub… Read more »
From a telco platform recognised as having the ‘Best AI Product in Telecom’ at London’s CogX Festival, to AI-powered retail tech that increases shopper basket sizes, these Australian and New Zealand startups are getting noticed globally. Earlier this month, Startup Daily and Microsoft joined forces for our first-ever AI Deep Dive event for startups, founders… Read more »
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