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Manny Medina, previously best-known as the founder of sales automation startup Outreach ($4.4 billion valuation), has wowed investors with his young startup, Paid. Paid just closed an oversubscribed $21.6 million seed round led by Lightspeed. With the €10 million pre-seed round it raised in March, London-based Paid has already raised $33.3 million and hasn’t even…
After a second-quarter earnings beat, Airbnb CEO Brian Chesky shared his thoughts on the company’s AI strategy, cautioning investors that AI chatbots can’t yet be thought of as the “new Google.” That is, AI chatbots, while potentially driving new leads to the travel and services business, aren’t entirely a replacement for the referrals that the…
Applied AI research company Fundamental Research Labs (formerly known as Altera) announced today that it has raised $33 million in Series A funding led by Prosus with participation from Stripe co-founder and CEO Patrick Collison. The company has a curious structure, as it is working on multiple AI applications in different fields. When it raised…
The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment…
Opera on Tuesday revealed a new browser, called Opera Neon, that will focus on AI workflows and performing tasks on your behalf, like shopping, filling out forms, and coding. The browser is currently behind a waitlist, but the company said users would have to subscribe to use it once it releases. Pricing details were not…
Y Combinator-backed startup Firecrawl is back on the hunt for AI agent employees. As we reported back in February, its first attempt didn’t yield an AI worth hiring. But it’s now placed three new ads on YC’s job board for “AI agents only” and has set aside a $1 million budget total to make it…
Buzzwords that are stretched to the point of being meaningless are as old as the tech industry itself. The top current one is “AI agent” and its variants, like “agentic.” So, unsurprisingly, no one really knows what an AI agent is. Even people with software engineering backgrounds who work for Andreessen Horowitz, one of the premier venture…
Every now and then, a Silicon Valley startup launches with such an “absurdly” described mission that it’s difficult to discern if the startup is for real or just satire. Such is the case with Mechanize, a startup whose founder – and the non-profit AI research organization he founded called Epoch – is being skewered on…
Tech giants like Microsoft might be touting AI “agents” as profit-boosting tools for corporations, but a nonprofit is trying to prove that agents can be a force for good, too. Sage Future, a 501(c)(3) backed by Open Philanthropy, launched an experiment earlier this month tasking four AI models in a virtual environment with raising money…
AI has significantly influenced most of our daily tasks, from booking tickets to noting down something important afterward. That’s the same impact AI agents have on e-commerce, influencing its process to excel in performance and increase conversion. It’s true, and it can be seen that around 90% of Big E-Commerce firms have tried out AI…