Will be attending the @AnalyticsVidhya conference this Thursday and Friday in #Bengaluru Suggestions on the people to catch up with on the AI / startup ecosystem would be helpful
STARTUPS
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eToro Agrees $120 Million Secondary Share Sale at Reduced Valuation
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New and exclusive: EToro, the trading platform, agreed a $120 million secondary share sale. The transaction values the company at slightly lower than the $3.5 billion valuation it earned in March. https://
cnbc.com/2023/07/31/rob
inhood-rival-etoro-agrees-120-million-secondary-share-sale.html
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AI Company Positions Itself With Neutrality Against Competitors
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“Without its own consumer chatbot, or a multibillion-dollar attachment to an A.I. research house, it’s pitching itself as a company with more neutrality and pragmatism than its peers.” https://
x.com/KarinZegt/stat
/KarinZegt/status/1686047350857371648
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AI Startups in AdTech MarTech Seeking Acquisition Opportunities
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Anyone know of other AI-focused startups in the #adtech or #martech space looking to get acquired and/or know of companies shopping around for startups to buy?
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Cerebras Partnership Expands Global AI Computing Capacity
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(3/3) Cerebras CEO, Andrew Feldman, says “We believe this strategic partnership can add a meaningful amount of AI compute to the worldwide inventory. This type of partnership, and the opportunity to collaborate to change the AI landscape, is why entrepreneurs start companies."
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G42 and Cerebras Build Infrastructure for Massive LLM Training
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(1/3) "G42 and Cerebras will soon be in the bigtime when it comes to having infrastructure that can train very humungous large language models," writes @TDaytonPM from
@TheNextPlatform Read the article here:
https://
lnkd.in/gXPjdgks -
Builders Should Use Their Own Products
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Yeh looking for their customers use cases but also interesting that builders may not use their own products that much “Build for yourself”
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Swedish universities outperform UK in startup creation rankings
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This also chimes with our latest @spinoutfyi results – with Swedish unis receiving glowing write-ups from founders, while UK unis were consistently rated among the worst:
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Spinout Policy Report and Recommendations from Think Tank
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You can read the full report, which also contains a fascinating history of spinout policy and some serious, constructive recommendations from @TenThinkTank here:
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University Spinout Incentives Impact Investor Attraction Outcomes
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If you create a system where unis are incentivised to grab as much as they can during the spinout process, it drives away investors and leads to lackluster outcomes: https://
papers.ssrn.com/sol3/papers.cf
m?abstract_id=4416303
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