- The Tech Buzz
- Posts
- 10/03/23
10/03/23
Alpha
October 03, 2023
∆ Tech in the News
Apple GenAI Plans - Tim Cook highlighted the importance of AI in Apple products and research and teased its AJAX-GPT ChatGPT rival. Apple is also hiring for AI talent in the UK defying the tech layoff Trend.
Musk Yet to Respond - Bill Ackman expressed interest in taking X Corp public via his new investment vehicle with $1.5B+ ready to go pending crucial insights.
$20M and Counting - X has rewarded its content creators with mega payouts to eligible creators via its ad revenue share initiative.
Naomi Campbell Dons Humane Pin - The supermodel shared the limelight with the OpenAI-backed intuitive computing AI wearable at Paris Fashion Week.
Chip Partnership Takes-On Nvidia - Samsung has allied with Canadian startup Tenstorrent to contract manufacture chips, leveraging the phone titan’s advanced 4nm process to build on its $100M investment in the startup.
Bard's Memory Upgrade - Google’s AI revealed a new 'Memory' feature allowing users to store key details for tailored and personalized chats.
[POLL] Can Apple can beat OpenAI/Humane in the AI device game? |
˚The hottest thing in tech this week
In August we featured how Zillow was bringing AI into residential real estate. Now a “first-of-its-kind” prop-tech solution aims to make waves in the $21T commercial real estate (CRE) sector - one traditionally slow to adopt new technologies. CRE Hawk has created an AI-driven platform that promises to enhance decisions by ingesting real-time data inflows and delivering “actionable insights” that integrate directly into workflows. Research by CBRE finds that “fewer CRE teams currently use data for predictive analytics, [and] digital transformation to achieve next-level value is becoming a major focus for forward-thinking CRE teams.”
CRE Hawk is bridging this technology gap using a “stakeholder approach” by working with 250+ CRE professionals to ensure the model was informed and validated by a diverse group of experts to deliver real-world industry insights before rolling it out.
This tech comes at a pivotal time considering the current economic landscape and CRE sector outlook has been bleak given rising interest rates and bank collapses earlier this year (e.g., SVB, First Republic). That said, CRE companies that adopt AI are likely to get ahead of the curve and lead the recovery effort.
Do you think AI will be adopted in the Commercial Real Estate market?
“Many platforms like ChatGPT are yet to harness AI’s full potential for individual industries. With CRE Hawk, you don’t always need to interact with the AI – it understands and anticipates your needs.”
News Bytes
Tom Hanks claims an ad used an AI version of him without permission
The US Supreme Court is reviewing Texas and Florida censorship laws
Apple bids $2B-a-Year for exclusive Formula 1 streaming rights
Deals We’re Watching
Founders to Watch and Opportunities to Catch
Closed Deals:
Boost for Health AI: Health Data Analytics Institute raised a $31M Series C round to expand its AI-powered HealthVision platform used by Houston Methodist Cleveland Clinic and Dana Farber Cancer Institute.
Big Screen, Big Moves - Canadian Firm Tiny paid $50M+ for a 60% stake in Letterboxd, a popular social movie site with users like Margot Robbie and Christopher McQuarrie.
Queer Social Media - Startup App Lex raised a $5.6M Seed and elevated co-founder Jennifer Lewis to CEO. The app combines a social media feed, local LGBTQIA+ news, and Craigslist-type noticeboards.
Companies to Watch:
Decentralizing Data - Nextdata is poised to gain mass-market dominance for its proprietary data mesh tech for enterprise AI with 1000+ early sign-ups and a $12M Seed led by Greycroft and Acrew Capital.
AI Digital Identities - Prins AI’s advanced AI tech is used widely to create digital identities for enterprises, brands and celebs with blockchain tech for training incentives. A $100M Series B by AAB VC brings them to $132M raised.
AI Smart Markets - OneChronos’ AI-driven Smart Market periodic auctions have facilitated $60B in institutional securities transactions. A $40M Series B round will help expand into new markets and products.
In Character - Popular AI chatbot startup known for its interactive character-based bots, Character.ai, is said to be in early talks over a private round at a speculated value of $5-10B.
Open Deals:
GetMotivatedBuddies - Like Duolingo for positive habit formation, this AI app offers personalized plans, assessments, & accountability, with 500+ active paid beta users at 10% conversion rate. Contact CEO Michael Goldstrom here to invest in a $1.5M pre-seed SAFE to finalize the product & scale.
Building Materials Selloff - Bain Capital is seeking advice on selling a minority stake in building materials group, US LBM at a value of ~$7B including debt.
Tools
Zapier Canvas - An AI flowchart tool for mapping out Zapier automations.
TweetHunter - All-in-one Twitter growth tool to create content using AI, build an audience, and schedule posts.
AI Easy Prompts - A solution for prompt organization and writing using AI
How did we do this time? |
If you have a deal or company that you would like to host on our next issue, drop us a line at @ contact@thetech.buzz.
Thanks for connecting with us.
The Tech Buzz Team