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Every time OpenAI cuts a check for training data, an unlaunched competitive startup dies. Without a ‘safe harbor,’ AI will be ruled by incumbents.

Hunter Walk

Right now I’m comfortable betting on innovation from small teams in the ‘approach,’ but if experimentation is gated by nine figures worth of licensing deals, we are doing a disservice to innovation. In the last year we’ve seen billions of dollars invested in AI companies.

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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

American Entrepreneurship

Quilt has developed a highly efficient electric heat pump system that is controlled through a first-of-its-kind integrated software platform. However, most heat pump systems today are more difficult to use than their more mature fossil incumbents. We’re developing heat pumps that are better than any HVAC system of any kind.

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SG’s Equatorial Space bags $1.5m in Seed funding

AsiaTechDaily

The company’s aim is to enable space access at greatly reduced risk, cost, and environmental impact compared to incumbent solutions. The funding will be used to develop Equatorial Space Systems’s Dorado commercial-sounding rocket family. The round was also joined by SEEDS Capital and Masik Enterprises.

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UK challenger bank Starling raises $376M, now valued at $1.9B

TechCrunch

In the latest development, U.K.-based Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth. based Starling announced that is has closed £272 million ($376 million at current rates), at a pre-money valuation of £1.1

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How to Think of R&D Spend

Andreessen Horowitz

Most growth-stage CEOs I work with know how to tell if they’re efficiently allocating capital in every part of their budget with one glaring exception: research and development (R&D). Focus on performance management of your product and engineering teams as early indicators for what R&D investments are working, and which aren’t.

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DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers

TechCrunch

The Israeli startup provides software-based internet routing solutions to service providers to run them as virtualized services over “ white box ” generic architecture, and today it is announcing $262 million in equity funding to continue expanding its technology, its geographical footprint, and its business development.

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To reach fintech’s next level, infrastructure providers must address these pain points

TechCrunch

Innovation continues to drive new developments in lending, payments, crypto and, in particular, infrastructure, showing that the industry still has lots of room for growth. And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. But fintech is resilient.