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AI-powered media editing app Descript lands fresh cash from OpenAI

TechCrunch

Descript is the second startup to receive a cash infusion from the fund after AI note-taking app Mem , and Mason says it reflects OpenAI’s belief in the future of Descript’s AI-powered features. “We’re on the verge of a generational change in the way we create content — fueled by AI.

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Fresh from controversy, call center analytics firm Loris raises $12M

TechCrunch

A 2019 Salesforce report found that 53% of service organizations expected to use chatbots within 18 months. “Loris offers granular, impactful data that can drive decisions across the business, because it incorporates customer sentiment in real-time, every day. . billion by 2025, a steep climb from $190 million in 2016.

Analytics 204
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Regulators appear to be growing increasingly wary of banks and fintech startups getting too cozy

TechCrunch

If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. In its own (briefer) announcement , UBS said it remained “committed to its growth plans in the US and strengthening its digital offering.”. Welcome to The Interchange! billion was scrapped. billion was scrapped.

Fintech 233
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The End of Silicon Valley as We Know It?

O'Reilly Media - Ideas

During COVID-19, Zoom-enabled tech workers have discovered the benefits of remote work from cheaper, less congested communities elsewhere. Internet regulation is upon us. Inventing the future. The best way to predict the future is to invent it,” Alan Kay once said. Is this the end of Silicon Valley as we know it?

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After a record year for Israeli startups, 16 investors tell us what’s next

TechCrunch

Traditional insurers don’t have the know-how to properly and continually assess risk and approach digital risk the same way they approach physical products, through a statistical model that tries to predict the future based on past events. Oh, and one more thing. Oh, and one more thing. We just launched Extra Crunch in Israel.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. In any case, AI tools are not going away — and indeed has expanded dramatically since its launch just a few months ago. Major brands are experimenting with it, using the AI to generate ad and marketing copy, for example.

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