HOW AI REGULATION COULD AFFECT YOUR STARTUP?
Flashpoint
Since 2012, we have been investing in U.S. and Western European tech companies originating from Europe and Israel
#1?HOW AI REGULATION COULD AFFECT YOUR STARTUP?
The European AI community is currently on a temperature check of caution. According to recent research conducted by a group of European AI associations, three-quarters of VCs expect the Act to reduce or significantly reduce the competitiveness of European AI startups. Additionally, European AI innovation will be slowed. Entrepreneurs must now make sure they are ahead of AI regulation?before it affects their company.
#2?INTONE, AN AI-POWERED PLATFORM, HAS RAISED $1.7 MILLION
In 2021, Andrew Golman and Egor Pavalyaev founded InTone, an on-device accent-enhancement platform that works in real-time, aimed at breaking down communication barriers and empowering people globally. Unlike other voice technologies that operate on a word-by-word basis, InTone uses deep neural networks that focus on sounds, allowing it to enhance accents in real-time and work even for rare words, technical terms,?and proper names.
#3?WE MUST RESIST CYNICISM AND FEAR ABOUT AI?
In the field of AI, doomerism is as natural as an echo. Every development in the field, or to be more precise every development that the public notices, immediately generates an apocalyptic reaction. The fear is natural enough; it comes partly from the lizard-brain part of us that resists whatever is new and strange, and partly from the movies, which have instructed us, for a century, that?AI will take the form of an angry god that wants to destroy all humanity.
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#4 GENERATIVE AI IS BOOMING, BUT THE COSTS CAN BE EXTRAORDINARY
Before OpenAI’s ChatGPT emerged and captured the world’s attention for its ability to create compelling sentences, a small startup called Latitude was wowing consumers with its AI Dungeon game that let them use AI to create fantastical tales based on their prompts. But as AI Dungeon became more popular, Latitude CEO Nick Walton recalled that?the cost to maintain the text-based role-playing game began to skyrocket.
#5?TEN GENERATIVE AI TOOLS USED FOR STARTUPS
Generative AI tools have revolutionized the way startups operate and innovate across various industries. These cutting-edge technologies leverage advanced language models and neural networks to generate text, code, images, and even videos. GPT-4 is OpenAI’s latest language model,?boasting enhanced creativity, accuracy, stability, and safety compared to its predecessors.
If you enjoyed this newsletter,?forward it to a friend. If you are a startup with a founder from Europe or Israel looking for financing, whether it is Seed, Series A, or later,?submit your pitch deck!