Sat.Apr 16, 2022

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Neobank Fi finalizing funding at $700 million valuation

TechCrunch

Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter. Alpha Wave Global, formerly known as Falcon Edge Capital, is leading the round, sources said. Singapore’s Temasek is also in talks to invest in the new round, one of the sources said. Fi, a two-year-old startup consisting of payments and other consumer tech executives from Google, Netflix and PayPal, declined to comment on Saturday.

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The optimistic investor: profile of Jim Mellon

Pandora's Brain

The greatest investment opportunity in history Jim Mellon is an optimist. Which is just as well, since he is one of the people trying to engineer a complete transformation in attitudes towards aging – attitudes within the medical profession, among the public at large, and crucially, in the investment community. As an example of his optimism, Mellon says that, thanks largely to the vertiginous.

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Let’s stop pretending there are silos in startupland

TechCrunch

I have been thinking a lot about silos, or the lack thereof, within startupland. There’s sometimes an artificial wall that is put up between companies at different stages of growth, when in reality, everyone is in the same room, clinking glasses and tripping over the same rug. Let me be more precise. As the late-stage market has cooled down for tech companies, many early-stage investors say their portfolio companies aren’t too impacted because they’re years away from an exit and have enough capi

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Using AI to live to 200: profile of Sergey Young

Pandora's Brain

Hard work Sergey Young was born in Dalnegorsk, a small and shrinking town in Russia’s Far East. It is closer to China and Japan than to the regional capital Vladivostok, and Young describes it as not so much in the middle of nowhere as at the end of nowhere. But he was lucky enough to be born into the age of glasnost and perestroika (openness and restructuring).

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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The Impact of AI on Delivery Businesses

Pandora's Brain

You know the Travelling Salesman Problem? Find the shortest route that takes you to every city on a list and returns you home. It’s a hard problem. In fact it’s an NP-hard problem, where NP stands for non-deterministic polynomial time. Just in case you were in any doubt about how hard it is. But if you’re a grocery retailer, delivering the weekly shopping to millions of homes, or the country’s.

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