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First quarter results of African startups fall

The recent, and now over, the venture capital boom was a global affair. While traditionally crowded markets like North America and Europe benefited from the explosion of capital, other regions with more burgeoning startup scenes also saw big gains in their ability to raise funding. Southeast Asia is an often-cited [...]

OpenAI Closes $300M Share Sale at $27B-29B Valuation

Updated to note that the Microsoft investment closed in January. The money from VCs reported here, part of a bid, is separate from that. Open AIthe startup behind the widely used conversational AI model ChatGPT, has picked up new backers, australiabusinessblog.com has learned. VC firms including Tiger Global, Sequoia Capital, [...]

Providoor is the latest food delivery start-up

Providoor, the restaurant food delivery service born in response to the Covid lockdowns, has fallen victim to their end and was handed over to liquidators today. Melbourne chief and founder of Providoor, Shane Delia, confirmed the company’s demise, effective immediately, after just three years, on Friday afternoon. “Although today is [...]

Economists worry about AI’s potential to increase inequality amid massive economic restructuring that challenges what it means to be human

On November 30, 2022, OpenAI launched the AI ​​chatbot ChatGTP, making the latest generation of AI technologies widely available. In the few months since then, we have seen Italy ban ChatGTP about privacy issues, which are requested by leading technology stars a pause in the development of AI systemsand even [...]