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Daily Crunch: AI content developer Jasper now valued at $1.5B following capital infusion

TechCrunch

Someone’s having a good day : Jasper, which calls itself an “AI content” developer, raised its first round of funding ever — and a big one at that, at $125 million, to give it a $1.5 Omneky : Leverages OpenAI’s DALLE-2 and GPT-3 models to generate visuals and text that can be used in ads for social platforms. Christine and Haje.

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Social AI Platform Chai reaches 100M+ Chats, Strategic CoreWeave investment announced

American Entrepreneurship

But the race is on, and the social AI platform Chai feels they are right in the mix to succeed. Those who submit a model are compared against other teams, providing a community-based evaluation method, creating an accelerating community of Artificial General Intelligence (AGI). Chai currently offers $1 million in cash prizes.

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Hydration brand Cure mixes new funding into its growth plans

TechCrunch

It’s been a hot minute since TechCrunch checked in on the brand — almost three years, actually — which is carving out a unique niche in the $10 billion functional drink mix market that founder and CEO Lauren Picasso told TechCrunch has “exploded” in the past 12 months. but we are using much better ingredients.

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Source makes greenhouses smarter to secure the future of food supply

TechCrunch

The company is developing software to empower greenhouses to get smarter. The company argues that greenhouse agriculture is a safer, more reliable and more climate-resilient mode of food production, producing up to 15 times higher yields, using a twentieth as much water as traditional agriculture. We believe Source.ag

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade. Rome has more than 20 incubators/accelerators and many established VCs; because of its lower costs compared to other European cities, it’s become a major base for startups.

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Eclipse Foods isn’t out to substitute dairy — it’s on a mission to replace it

TechCrunch

Prior to Eclipse, he was director of R&D and product development at Hampton Creek, now known as Eat Just. The proprietary technology uses micelles, which Steinhart called “the microscopic magic of milk,” to create the replacement plant-based dairy products, but that don’t sacrifice on taste, texture or functionality.

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Extra Crunch roundup: Build a founding team, choose a VC and recruit your board

TechCrunch

” In a related article, Gregg Adkin, VP and managing director at Dell Technologies Capital, shared the framework he’s developed for helping founders set up their board. Use discount code ECFriday to save 20% off a one- or two-year subscription. The acceleration of B2B AI innovation has begun. Walter Thompson.

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