Sunday, October 24, 2021

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    Counting down to our AI rapture – TechCrunch

    Welcome to TechCrunch Exchange, a weekly startup and market newsletter.Inspired from weekdays Exchange line We’ll dig into it, but it’s free and made for weekend reading. Want to put it in your inbox every Saturday?sign up here..

    Happy Saturday, everyone. I hope you are well, resting and relaxing.

    I have a good time today. Indeed, below are the usual combinations such as venture capital rounds and notes. But first, let’s talk about AI.

    This week I was able to chat with two different companies working on making machine intelligence a little more concrete. One dealt with hardware and the other dealt with software.

    In terms of hardware, I IonQ’s Peter Chapman.. IonQ is a quantum computing company these days Published via SPAC.. But instead of delving into the features of redemption and other blank checks, Chapman and I mainly discussed what science fiction and powerful AI really mean.

    Simply put, powerful AI isn’t how Alexa works today. According to Chapman, Alexa works by letting engineers code many possible responses to queries. It scales for a while.However strong According to Chapman, AI needs to be able to write its own code, which is fundamentally different from human-generated Q & A settings.

    This is true for quantum topics, as quantum computing is very good at generating the kind of code that powerful AI requires, according to Chapman. And, critically, it’s pretty okay to analyze a myriad of probabilities at the same time and choose from them.

    This all means that quantum computing has reached its early commercial stage, and companies like IonQ (named after the use of trapped ions in technology) are in this new computer era. We are helping to announce the arrival. As quantum computing becomes mainstream, we should be able to approach more than just macro-scale ML models.

    In terms of software, I answered the phone Intrinio CEO Rachel Carpenter..she society We have built a huge financial dataset that will be available via the API. As a financial geek, it’s cool. How much time you spend reading the SEC filing will determine if you are interested in that part of Intrinio.

    But startups are also building something Called Shia, An AI service that works by weaving neural networks into a custom natural language processing machine that can understand text. For those who are trying to analyze a huge amount of financial reports, it’s a great product idea.

    What surprised me when I talked to Carpenter was that Shia was initially trained on the larger internet. This is more than just a financial language analysis tool. It can do more.

    Today, the company continues to focus on Thea’s financial niche market, according to the CEO. But if Intrinio can spin up complex things using partially open source services, more intelligent systems like Thea could hit the market in the coming years. Integrate it with the increasingly commercialized quantum computing technology. Perhaps we are probably on the road to approaching real artificial intelligence someday.

    Yes, we were both born 50 years earlier.

    Venture capital This, venture capital that

    As I expected, Venture capital situation in the third quarter was completely awkward.. Flat crazy. Historically rich. Please choose your wording.

    So far, Q4 looks exactly the same. sampling:

    • concept Raised $ 275 million rounds with a $ 10 billion valuation. According to Alex Konrad at Forbes.. (((Alex I’ve been doing a great job lately, I need to be careful. ) It’s virtually free capital. Why? Notion sold 2.75% of itself for over $ 2.5 billion. When it comes to capital efficiency from a dilution perspective, it’s … cheap. Especially for startups, they’re still too worried about revenue scale and can’t really share numbers. Notion still had a lot of last rounds at the bank before this round. So it raised a quarter invoice by spec from an investor who had that much capital to place a bet on a company that manages a time exit of at least $ 30 billion. let’s see.
    • And this week Modern Treasury Raised $ 85 Million Series C It rates “payment operations” fintech companies at over $ 2 billion. The company raised Series B earlier this year and was worth about $ 300 million. For each PitchBook data..It’s so much value creation very short term! But it feels pretty good for what we’ve seen in the last few months.

    All this means that the fourth quarter doesn’t seem to slow down compared to the second and third quarters of this year. If 2022 does not exceed the total venture capital of 2021, how long will it take for this type of investment to be seen again?

    What time is it to live?

    In other news, I wrote something more take this week — here When here — If you need something more chewy.


    Counting down to our AI rapture – TechCrunch Source link Counting down to our AI rapture – TechCrunch

    The post Counting down to our AI rapture – TechCrunch appeared first on California News Times.

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