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- AI data labelling startup Scale AI raised $1B led by Accel, Porsche invests in battery startup South 8
AI data labelling startup Scale AI raised $1B led by Accel, Porsche invests in battery startup South 8
Top News
AI data labelling startup Scale AI raised $1B led by Accel at a ~$14B valuation, up from $7.3B in April 2021; a source says Scale AI had ~$700M in 2023 revenue. - Link
Porsche invests in battery startup South 8 to boost cold-weather EV performance. - Link
Google, Meta, Microsoft, OpenAI, Amazon, IBM, and 10 other companies commit to safe AI development at the AI Seoul Summit 2024, hosted by South Korea and the UK. - Link
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion. - Link
ByteDance acquires Chinese earphone maker Oladance, founded five years ago, for ~$50M, bringing on board seasoned ex-Bose engineers. - Link
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This Week in Startups:
E1952: David Weisburd, Mel Williams, Delian Asparouhov, and Jason Calacanis discuss the resurgence of top crypto funds, the idea of a "sophisticated investor test" for crypto, SEC regulation limitations, increased AI spending in 2024, GPT-4o demos, AI's economic impact, and the effects of immigration on startups and self-censorship in a free society. - Watch
E1951: Ivan Poupyrev of Archetype AI joins Jason to demonstrate their product, Newton, discuss potential business models and use cases in various industries, and explore the future of sensor technology and anticipatory interfaces. - Watch
E1950: Sunny Madra and Jason discuss the latest AI news, highlighting OpenAI's recent launch of GPT 4o, an Omni-capable model that can process audio, vision, and text in real-time. They also explore the new MacOS desktop app and compare pricing with historical models. - Watch
E1949: Dr. Justin Terry discusses The Opportunity Central’s innovative educational facility, its role in levelling the playing field in education, and how it integrates entrepreneurship and future-ready skills to impact local businesses and equalize student opportunities. - Watch
E1948: Max Altman and Ben Braverman of Saga VC join Mark Suster to discuss their journey in setting up Saga VC's maiden voyage fund, their unique values to venture capital, and insights from their past experiences with industry leaders. They also outline what they look for in AI startups for funding. - Watch
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