Can insurtech recover from the ‘death of insurtech 1.0’?
Many startup sectors came out of 2021’s hype with a massive hangover in the form of valuations that they simply couldn’t justify as the market dipped and dived. Insurtech startups had it the worst, though, as investors started questioning the viability of the entire category. A recent report on the
Read moreMicrosoft brings Bing Chat to the enterprise
Bing Chat, Microsoft’s AI-powered chatbot experience, is heading to the enterprise. At its annual Inspire conference, Microsoft unveiled Bing Chat Enterprise, a version of Bing Chat with business-focused data privacy and governance controls. With Bing Chat Enterprise, chat data isn’t saved, Microsoft can’t view a customer’s employee or business data
Read moreMicrosoft launches vector search in preview, voice cloning in general availability
At its annual Inspire conference, Microsoft announced a number of new AI features headed to Azure, perhaps the most notable of which is Vector Search. Available in preview through Azure Cognitive search, Vector Search uses machine learning to capture the meaning and context of unstructured data, including images and text,
Read moreTikTok’s new program aims to identify rising artists in the music industry
TikTok is launching a new program that is designed to identify the next wave of rising artists in the music industry, the company announced on Tuesday. The new program, called Elevate, is meant to help musicians create a lifelong career in the music industry, beyond being a one-hit wonder. The
Read moreDataStax brings vector search to its Astra DB database service
DataStax, the well-funded Apache Cassandra-centric database company, is placing a lot of its current bets on AI and its technology’s ability to provide highly scalable vector search capabilities to provide real-time context to generative AI models. Today, following a short public preview, the company is launching the vector search capabilities
Read moreDeveloper-focused email platform Resend raises $3M
Sending transactional emails may seem like a solved problem. Sendgrid, Postmark, Mailgun and others offer dependable email APIs for developers, after all. However, many of those companies have also been acquired in the last few years and haven’t necessarily kept up with the latest development trends — or at least
Read morePolar Analytics raises $9M to scale Shopify brands
It’s not enough to be just a Shopify brand anymore: you have to leverage all the data coming in from the dozens of apps that brands use to monitor advertising and marketing, inventory, customer communications and support and sales, so that your business can succeed. Enter Polar Analytics, which scoops
Read moreHammerspace ingests $56M for a new approach to work with vast amounts of unstructured data
Data may be “the new oil,” but only when it can be extracted and put to use. Today, a five year-old startup called Hammerspace that is giving any kind of data that lease of life is announcing $56 million in funding — its first institutional investment — as it expands
Read moreVanMoof, the e-bike startup, officially declared bankrupt in The Netherlands
Another grim stage for VanMoof, the e-bike startup backed by venture capitalists to the tune of hundreds of millions of dollars. After making a last-hour effort to stave off bankruptcy last week, the court of Amsterdam has taken the step of officially declaring bankruptcy for the company’s Dutch legal entities,
Read moreUS government launches the Cyber Trust Mark, its long-awaited IoT security labeling program
The Biden administration has launched its long-awaited Internet of Things (IoT) cybersecurity labeling program that aims to protect Americans against the myriad of security risks associated with internet-connected devices. The program, officially named the “U.S. Cyber Trust Mark,” aims to help Americans ensure they are buying internet-connected devices that include
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