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Happy Wednesday!

Hereโ€™s your news in newsletter!

Riding off the high of yesterdayโ€™s catchup recap, Todayโ€™s News issue covers the news from the past week, so itโ€™ll be short and sweet.

In this Issue:

  • Your Weekly Industry News Recap

  • Investors; We need to talk

  • The Raise Recap

  • The AI Debate: Whatโ€™s Next?

The Headliner: AI startups are growing even faster than SaaS ever did ๐Ÿคฏ๐Ÿ“ข๐Ÿ“ฐ

Stripeโ€™s CEO says AI startups are growing even faster than SaaS ever didโ€”and dismissing them as just โ€œwrappersโ€ is a huge mistake. ๐Ÿš€๐Ÿ“ˆ Unlike traditional software, AI companies are scaling at breakneck speed, thanks to massive demand and evolving infrastructure. The key takeaway? AI isnโ€™t just another tech trendโ€”itโ€™s a full-blown revolution, and businesses that donโ€™t adapt will be left behind. โšก๐Ÿค– Read more: Link

Your Weekly Industry News Recap

  • Mira Murati Launches New AI Startup โ€“ OpenAIโ€™s former CTO is making movesโ€”her new venture, Thinking Machine Labs, is already making waves. ๐ŸŒŠ๐Ÿš€ Read more: Link

  • Stripe CEO Says AI Startups Are Growing Faster Than SaaS โ€“ AI isnโ€™t just another software waveโ€”itโ€™s a hyper-growth revolution. ๐Ÿ“ˆ๐Ÿ”ฅ Read more: Link

  • Gender Pay Gap Gets an AI Solution โ€“ EvenBetter AI just launched a tool to track and reduce gender-based pay disparities. ๐Ÿข Read more: Link

  • Healthcare AI Users Want More From Their Tools โ€“ A new survey reveals that AI in healthcare still isnโ€™t living up to its full potential. ๐Ÿฅ๐Ÿ“‰ Read more: Link

  • Accounting Hasnโ€™t Fully Embraced AI Yet โ€“ The financial industry is slow to adopt AI, but Quanta just raised $4.7M to change that. ๐Ÿ“Š๐Ÿ’ก Read more: Link

  • Decentralized AI is the Future of the Internet? โ€“ The push for a decentralized AI web is growingโ€”can it work, or is it just hype? ๐ŸŒ๐Ÿค– Read more: Link

  • Meet the Founder Behind 24 AI Startups โ€“ A Norwegian entrepreneur just launched 24 AI startups at onceโ€”is this genius or chaos? ๐Ÿคฏ๐Ÿš€ Read more: Link

  • Microsoft Deploys Thousands of AI Agents โ€“ AI is running inside and outside Microsoft, changing how enterprises operate. ๐Ÿข๐Ÿค– Read more: Link

  • Amazonโ€™s GenAI Alexa Just Got Smarter โ€“ Alexa can now carry out deeper conversations, make smarter suggestions, and even detect emotions. ๐Ÿก๐Ÿ—ฃ๏ธ Read more: Link

Investors; We Need To Talkโ€ฆ

Over the past year of reporting on AI, Weโ€™ve watched astronomic valuations get slapped on startups building foundational infrastructureโ€”chipsets, core models, and research labs. But hereโ€™s the thing: weโ€™re in a sandbox era, where everyoneโ€™s experimenting, and the real winners wonโ€™t be the ones selling the newest iteration of the shovel. Theyโ€™ll be the ones digging up value that people actually use. Weโ€™re in an exploratory phase that I like to call the sandbox era! What does this mean for investors? It means your chips might want to be balanced across a few positions. Which ones? Read the whole article on the state of funding for the AI space.

The Raise Recap ๐Ÿ“ˆ๐Ÿ’ฐย 

  • Blackbird Vaults AI Secures $5M โ€“ This Aussie startup is shaking up cybersecurity with AI-driven data protection. Their $5M seed round will fuel enterprise security innovation. ๐Ÿ”๐Ÿ’ก Read more: Link

  • Indiaโ€™s AI Fund Targets $150M โ€“ India is going big on AI, launching a massive $150M fund to back homegrown AI startups. ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ’ฐ Read more: Link

  • Amazon Releases GenAI Alexa โ€“ Alexa just got a major AI upgrade, with generative AI making it more conversational than ever. ๐Ÿ—ฃ๏ธ๐Ÿค– Read more: Link

  • Chinese AI Startup Zhipu Raises $140M โ€“ Chinaโ€™s AI boom continues! Zhipu lands $140M to expand its LLM-powered offerings. ๐Ÿ‡จ๐Ÿ‡ณ๐Ÿค– Read more: Link

  • Snowflake Expands AI Investment to $200M โ€“ The data cloud giant is pouring $200M into AI-driven enterprise tools, doubling down on AI's future. โ˜๏ธ๐Ÿ“Š Read more: Link

  • Microsoft Invests in AI Cloud Backup with Veeam โ€“ Microsoft is doubling down on AI-driven cloud storage with a fresh investment in Veeam. โ˜๏ธ๐Ÿ” Read more: Link

  • Taktile Secures Funding to Make AI in Finance Safer โ€“ AI-powered decision-making in finance needs guardrailsโ€”Taktile just raised millions to help. โš–๏ธ๐Ÿ“ˆ Read more: Link.

  • SoftBankโ€™s Masayoshi Son Bets Big on AI โ€“ The billionaire CEO is borrowing heavily to invest in AIโ€”can this strategy pay off? ๐Ÿฆ๐Ÿ’ฐ Read more: Link

  • AI-Powered Finance Workforce is Here โ€“ Unique AI raises $30M to develop AI-powered banking and finance automation. ๐Ÿ’ณ๐Ÿค– Read more: Link

๐Ÿ”ฅ The AI Debate: Whatโ€™s Next?๐Ÿ‘€

Bold predictions, ethical concerns, and industry shakeups

Due to popular demand, Iโ€™m cooking up a recap of the complexities surrounding AI so to get everyone up to pace on whatโ€™s been moving. This will probably take a little longer than Iโ€™d like to write, but bear with me. Itโ€™s coming!

  • Do AI Model Releases Even Matter Anymore? โ€“ With new models launching every other week, should we even care about whoโ€™s next? ๐Ÿค”๐Ÿ’ญ Read more: Link

  • Is Agentic AI the Future of Security? โ€“ Borneo AI just launched always-on AI security agentsโ€”can we trust them? ๐Ÿ”๐Ÿค– Read more: Link

Stay well, and see you next week!

-โœŒ๐Ÿฝ Sam

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