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Europe produces more startup mafias despite tech rout: Accel

The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel.Maskot | Digitalvision | Getty ImagesEurope and Israel mint an average of five tech startups for every venture-backed company with a valuation of $1 billion or more, according to a new report from the venture capital firm Accel.Of the 353 "unicorn" companies in the region, 221 have spun out 1,171 new tech-enabled startup companies as employees at these firms left to start up their own ventures, Accel said, citing Dealroom data.A similar report from...

Microsoft ramps up AI game with bet on no-code startup Builder.ai

by AoCEgWtx4o

May 10, 2023

Sachin Dev Duggal, CEO, Builder.ai, April 19, 2023.Scott Mlyn | CNBCLONDON — Microsoft invested an undisclosed sum into Builder.ai, a startup that helps companies make applications without any coding experience, doubling down on its artificial intelligence efforts.Founded in 2017 and headquartered in London, Builder.ai falls into the camp of startups that make so-called "no-code" and "low-code" platforms. Its software allows anyone from tech-shy artists looking to sell their work online to design professionals with limited programming experience to develop and manage apps.Through a strategic partnership, Microsoft plans to integrate Builder.ai's own AI assistant Natasha...

Elon Musk is reportedly planning an AI startup to compete with OpenAI

by AoCEgWtx4o

April 15, 2023

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023.Jonathan Ernst | ReutersTesla CEO Elon Musk is planning to launch an artificial intelligence startup that would go head-to-head with OpenAI, the Financial Times reported Friday.Musk — the CEO of Tesla, SpaceX and Twitter — has been building a team of researchers and engineers and has been in conversation with multiple investors, the Financial Times reported, citing sources familiar with the matter. He has also reportedly been recruiting from other top AI firms, including Alphabet-owned DeepMind."It's real...

Rise of zombie VCs haunts tech investors as startup valuations plunge

by AoCEgWtx4o

February 16, 2023

An art exhibition based on the hit TV series "The Walking Dead" in London, England.Ollie Millington | Getty ImagesFor some venture capitalists, we're approaching a night of the living dead.Startup investors are increasingly warning of an apocalyptic scenario in the VC world — namely, the emergence of "zombie" VC firms that are struggling to raise their next fund.Faced with a backdrop of higher interest rates and fears of an oncoming recession, VCs expect there will be hundreds of firms that gain zombie status in the next few years."We expect there's going to be an...

Elon Musk’s brain startup Neuralink is being investigated for possible ‘dangerous pathogens’

by AoCEgWtx4o

February 10, 2023

The US Transportation Department is investigating Elon Musk’s brain implant company, Neuralink Corp., after an animal rights group said it obtained emails suggesting the startup did not follow proper procedure when shipping possibly hazardous materials. The group alleged that Neuralink took potentially contaminated devices from sickened primates and transported them without following proper procedures in 2019. The organization cites emails obtained via public record request showing correspondence between Neuralink staff and employees at the University of California at Davis. At the time, Neuralink had contracted with UC Davis for primate research. It now has its...

What Could Go Wrong? Startup Releases Particles into The Atmosphere to Stop “Climate Change”

by AoCEgWtx4o

December 27, 2022

The global warming hysteria has now reached such absurd heights that a startup company will now attempt to control the weather via solar geoengineering. Unsurprisingly, such a move could have deadly unintended consequences if widely adopted. MIT Technology Review reported Saturday that a company called Make Sunsets has successfully launched weather balloons from Mexico that may have released sulfur particles into the atmosphere. Luke Iseman, the co-founder and CEO, claims that because climate change presents such an imminent threat, bizarre interventions like theirs are necessary: “It’s morally wrong, in my opinion, for us not...

Innovative Music Tech Companies Receive €100K After Winning ADE Startup Competition – EDM.com

by AoCEgWtx4o

October 24, 2022

Last Spring, the Amsterdam Dance Event and venture capital firm Antler asked the industry for their forward-thinking ideas in music tech. This week, two winning concepts were crowned, with each receiving six figures of investment.The ADE & Antler Startup Competition received more than 100 entries, but after a rigorous interview and pitch process, the pool was ultimately narrowed to just a handful of finalists who made their final pitch at Felix Meritis during ADE.Un:hurd is an artist-facing platform which helps creators better leverage their data and promotional insights through the help of artificial intelligence....

Delta invests in electric air taxi startup Joby, plans last-mile airport service

by AoCEgWtx4o

October 17, 2022

A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company's initial public offering in New York, U.S., on Aug. 11, 2021.Michael Nagle | Bloomberg | Getty ImagesDelta Air Lines, which has watched competitors map future plans with electric vertical takeoff and landing aircraft startups, is joining the growing list of airlines looking to make short trips to and from airports faster and easier. The carrier is investing $60 million in startup Joby Aviation, which is planning to build and operate an electric vertical takeoff...

How women can break barriers in the VC and startup industry

by AoCEgWtx4o

October 14, 2022

Iman Abuzeid is one of few Black women to ever lead her company to unicorn status — the elite tier of private companies valued at $1 billion or more. But the co-founder and CEO Incredible Health, a career marketplace for health care workers, hopes the milestone is “not as big of a deal over time.” “On a personal note, of course, I’m proud of the accomplishments and impressed by what the team has achieved, too,” Abuzeid said at Fortune’s Most Powerful Women Summit this week. “But … we need to be on the 100th,...

A chief brain behind Amazon Alexa has raised million for new startup

A chief brain behind Amazon Alexa has raised $20 million for new startup

by AoCEgWtx4o

September 12, 2022

The inventor of several key technologies used by Amazon.com Inc.’s Alexa service raised $20 million to fund a new startup in the UK. William Tunstall-Pedoe’s said his Cambridge- and London-based company, Unlikely AI, needed the money to start hiring developers of a new type of artificial-intelligence software. “Everyone is locked onto a path of machine learning with big neural networks,” Tunstall-Pedoe said in an interview. “It is very unclear that this path will lead to a generally intelligent machine. We are taking a contrarian fresh look at doing this.” Amadeus Capital Partners, Octopus Ventures,...

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