Scoop: Wefox, the German insurance tech platform, has raised $55 million of funding from Deutsche Bank and UniCredit, sources familiar with the matter tell me. The fresh capital comes in the form of a convertible debt round – meaning Wefox's valuation is unchanged at $4.5
INVESTMENT
-
Daily tech roundup: AI models, Apple cash, Hopium losses
By
–
Les sources de l'édition du jour du #FlashTweet https://
ft.com/content/8bfaa5
00-feee-477b-bea3-84d0ff82a0de
… @FT https://
techcrunch.com/2023/11/02/sta
bility-ais-latest-tool-uses-ai-to-generate-3d-models/
… @TechCrunch https://
maddyness.com/2023/11/02/hop
ium-pertes-premier-semestre/
… @byMaddyness https://
cnbc.com/2023/11/02/app
le-now-has-162-billion-in-cash-on-hand-less-than-last-quarter.html
… @CNBC https://
coins.fr/assureur-swiss
-life-web3-avec-metaverse/
… @Coins_fr -
Unpaid AI Work: Volunteers vs. Financial Incentives
By
–
I very much doubt anyone is paying them for this. Certainly all my work in the field is as an unpaid volunteer. There's piles of money available on the other side, so anyone in this for $$$ should focus there.
-
Axelera AI Wins Deloitte Rising Star Award Netherlands
By
–
Incredibly proud and honoured to have won the @DeloitteNL #RisingStar awards. The Rising Star is the award for the most promising tech start-up in the Netherlands! Thanks to the full Axelera AI team!!
-
Apple Stock Declines Despite iPhone Services Revenue Beat
By
–
Apple stock sells off despite beat on iPhone, Services revenue iPhone, Services and iPad were the stars for Apple this quarter, while the Wearables category and Mac sales disappointed relative to consensus. Shares slipped in late trading by two points. Mac sales may imply some
-
VC ranking AI system processing generation importance enterprise
By
–
Hey VCs – not sure if this is helpful but for market sizing purposes, here is my (personal!) ranking of the relative importance of AI system processing and generation, based on current enterprise use cases, cost, and high-quality data availability.
-
Backdrop Build: 4-Week AI Launch Program with 50k Grants
By
–
Don’t miss out! Today is the last day for an incredible opportunity with Backdrop Build: Offering a 4 week program to support your ideas to launch something on Stability! Free, Async friendly, and with over 50k in grants for top projects, there’s no reason to wait! Sign up at
-
Maximize Data Platform ROI: 482% Return Over Three Years
By
–
How can you maximize the ROI of you data platforms? This report analyzes our enterprise customers to better understand the costs and benefits of the lakehouse platform. The results: 482% ROI over three years! See how they got there: https://
dbricks.co/45R6xSz -
UK launches CAIRR and BAIRR AI research resources with supercomputing
By
–
Cambridge AI Research Resource (CAIRR) to go along side the Bristol AI Research Resource (BAIRR) … am hoping the national package is called the Cairr Bairr. https://
gov.uk/government/new
s/technology-secretary-announces-investment-boost-making-british-ai-supercomputing-30-times-more-powerful
… -
R&D Risk Assessment and Concentration in AI Development
By
–
I already believe R&D can be high risk, at least under some definition of that term. What makes you think I believe otherwise? (I've repeatedly pointed out that it's likely much *more* high risk if this is highly concentrated.)