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BarbAIrians at the Gate: The Financial Opportunity of AI

Andreessen Horowitz

Instead of financial engineering and the improved management techniques that PE promotes , we’ll start seeing AI cut costs and make existing companies vastly more profitable…while also enabling new business models to emerge. Virtually every Fortune 500 company is focused on an AI strategy today. billion, against almost $2.8

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Together raises $20M to build open source generative AI models

TechCrunch

There’s scores of competition, including incumbents like OpenAI and Anthropic. ” Together, launched in June 2022, is the brainchild of Vipul Ved Prakash, Ce Zhang, Chris Re and Percy Liang. ” He has a point — insofar as incumbents are feeling the pressure, at least.

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Indonesian fintech startup Ayoconnect raises $13m more in Series B funding

AsiaTechDaily

In January 2022, Ayoconnect raised an oversubscribed Series B funding led by Tiger Global. In a statement, the startup said it the fresh capital will enable it to continue building out a leadership team and to invest in product and technology development.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. Traditional brick-and-mortar strategy doesn’t transfer over to e-commerce, but the old way with spreadsheets and human-driven operations don’t scale.

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Payments remain the darling of the fintech space

TechCrunch

There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, I dug into CB Insights’ State of Fintech 2022 report. billion in 2022. That’s a big drop even from just the first quarter of 2022, in which we saw $5.3 That compares to $25.3

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

This, along with the platform’s emphasis on no-code capabilities, differentiates Pando from incumbents like SAP, Oracle, Blue Yonder and E2Open, Jayakrishnan asserts. ” Pando makes a best effort to automate processes around the supply chain. mode of freight, carrier, etc.). billion in 2019.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

trillion in loan originations in 2022. With their new capital, the duo hopes to advance on their mission “to enable a seamless, transparent experience for financial institutions and their customers through an intelligent, opinionated and intuitive workflow platform.”