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Showing posts from January, 2023

OpenAI releases tool to detect AI-generated text, including from ChatGPT

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After telegraphing the move in media appearances , OpenAI has launched a tool that attempts to distinguish between human-written and AI-generated text — like the text produced by the company’s own ChatGPT and GPT-3 models. The classifier isn’t particularly accurate — its success rate is around 26%, OpenAI notes — but OpenAI argues that it, when used in tandem with other methods, could be useful in helping prevent AI text generators from being abused. “The classifier aims to help mitigate false claims that AI-generated text was written by a human. However, it still has a number of limitations — so it should be used as a complement to other methods of determining the source of text instead of being the primary decision-making tool,” an OpenAI spokesperson told TechCrunch via email. “We’re making this initial classifier available to get feedback on whether tools like this are useful, and hope to share improved methods in the future.” As the fervor around generative AI — particularly ...

Peacock kills its free tier option for new customers

Peacock is no longer offering its free tier to new customers, a spokesperson for NBCUniversal confirmed to TechCrunch on Tuesday. The company says it’s shifting its focus to its Premium offering, and that doing so will allow the streaming service to remain competitive in the marketplace. The change was first reported by The Streamable . The free tier is still available to users who are already on the plan, the spokesperson said in an email. In addition, users who cancel their paid subscriptions will automatically be downgraded to the free tier. Peacock has offered the free tier since its launch in 2020, giving users restricted access to the streaming service’s content catalogue. The tier included a limited amount of content when compared to the paid tiers. New customers will now have to choose between Peacock’s Premium or Premium Plus tiers. The ad-supported Premium tier costs $4.99 per month and includes the full content library, live sports and NBC and Bravo shows after they air on...

Spotify’s test of a Friends tab on mobile hints at expanded social ambitions

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Spotify’s success with its year-end review known as Wrapped , designed for social sharing, may be pushing the company toward building more social experiences directly into its mobile app. The company for many months has been testing different iterations of a “friends activity” tab on its mobile app, and investors have now taken notice. During the streamer’s Q4 earnings call earlier today, the company was asked to clarify some details about its social plans. Though Spotify CEO Daniel Ek declined to comment on the specific feature the investor asked about, he didn’t shoot down the idea of Spotify becoming a more social platform. Instead, he replied that social could become “a meaningful driver of creating an even stickier and more engaging experience” for the company. The exec was answering an investor question about Spotify’s recent tests of a “Friends tab” which appears in the app’s bottom navigation bar for some subset of Spotify’s users. Though only an experiment at present, the te...

Meta starts testing ‘members-only worlds’ in Horizon Worlds

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Meta is starting to test closed spaces called “members-only worlds” in Horizon Worlds, its social VR experience. The company has begun a limited alpha test to give creators the ability to grow and moderate their own communities. Meta has selected a small group of creators to build and obtain feedback about members-only worlds. In a blog post , Meta explained that creators can hand-select members and offer them exclusive experiences. During the alpha test, each members-only world can have up to 150 world members and 25 concurrent visitors at any given time. With members-only worlds, creators can launch a dedicated space to do things like host a book club, gather a gaming group, organize a support group or just hang out with friends and family without having to worry about uninvited guests. Image Credits: Meta “Every community develops its own norms, etiquette, and social rules over time as it fosters a unique culture,” Meta explained in its blog post. “To enable that, we’ll provid...

Precision Neuroscience is making brain implants safer, smarter and reversible

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Brain researchers have relied on devices called microelectrode arrays for decades, but the technology behind these tools is increasingly outdated. Precision Neuroscience is building a modern alternative that’s not only an order of magnitude better, but far less invasive to put in. With a newly raised $41 million in the bank, they’re all set to embark on the complex path to market. In order to understand what’s going on in the brain, sometimes a EEG or MRI from outside it just isn’t enough — you need to really get in there. Implanted electrodes have been used for this purpose for a long time, and arrays of them in formation are used to collect information from multiple points within the cortex at the same time. But while an electrode array a couple dozen strong is invaluable in a research setting, it simply isn’t enough for something like a functional brain-computer interface. The information density is too low for the patient to, say, control a prosthetic limb or move a cursor on th...

Teal unwraps $8.8M to build out a telehealth platform for women — starting with cervical cancer screening

Female-focused telehealth startup, Teal Health , is popping up today to announce an $8.8 million seed round with a roster of heavy hitting investors on board — including (Serena Williams’) Serena Ventures, ( Chelsea Clinton’s) Metrodora Ventures, and (Laurene Powell Jobs’) Emerson Collective. The February 2020-founded San Francisco-based startup’s first product will be a service that supports women to collect their own sample for cervical cancer screening in the comfort of their own home. It wants to tackle the problem of women not getting screened — either because the traditional route of going to a doctor’s surgery for a pap smear (using a speculum ) is uncomfortable or inconvenient or both. Teal has developed a novel device for women to self collect a sample to mail off for lab analysis. Its websites refers to this device as a “collection wand” — and we gather there’s a sponge involved — but details of what exactly it looks like and how it will function remain under wraps as...

Raylo raises $136M to build out its gadget lease-and-reuse ‘fintech’ platform

With the economy teetering on recession , and sales of mobile phones and other consumer electronics slowing right down globally, a U.K. startup called Raylo that’s leaning into both of those themes has picked up £110 million ($136 million) to grow its business, offering consumers access to new gadgets by way of short-term leases. The London-based company currently operates in the U.K. selling monthly subscriptions for phones, tablets and laptops, and it plans to use the funding both to expand that list to a wider range of gadgets like e-bikes, as well as to continue investing in its tech, which includes an AI-based platform to assess risk for each sale, recommendation tech, and a platform called “Raylo Pay” that is embedded by third-party merchants for Raylo to power leasing services for them. The circular aspect of its sales model, the company said, is also the basis of another development at the business: Raylo said it now has “ B Corp ” status — which signifies that as a for-pro...

What do recent changes to state taxes mean for US SaaS startups?

Ardy Esmaeili Contributor Share on Twitter Ardy Esmaeili , CPA, is a startup tax accountant and managing director of tax services at Burkland . More posts by this contributor Starting up remotely? Keep these labor laws and tax guidelines in mind What US startup founders need to know about the R&D tax credit Trends indicate that a majority of businesses plan to fully adopt software as a service (SaaS) by 2025, and if the past is any indicator, that means state legislatures are working hard to capture revenue from this new sales stream. As with many U.S. laws and regulations, tax laws regarding SaaS vary quite a bit and continue to evolve. Currently, some states consider SaaS to be software while others categorize it as a service. In addition, some states tax all services regardless of type, and more than 20 have a way to target SaaS. At least four states (New York, Pennsylvania, Texas and Washington) are aggressively pursuing SaaS. There’s also the issue of bund...

Elon takes the stand, Akio Toyoda hands over the CEO keys and layoffs come for Waymo

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The Station is a weekly newsletter dedicated to all things transportation. Sign up here —  just click The Station  — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.  It seems we can’t get through a week without discussing something related to Tesla . The company announced a new investment in its Nevada gigafactory and shared Q4 earnings (more on that later). But much of the attention was directed at the class-action securities fraud trial that kicked off earlier this month in San Francisco. Tesla shareholders who traded the company’s stock in the days after CEO Elon Musk’s infamous 2018 tweet that stated funding was “secured” to take Tesla private at a potential value of  $420 per share are suing the executive for billions of dollars in damages. This week, lawyers on...

Sorare teams up with the Premier League for its NFT fantasy football game

French startup Sorare has signed a four-year licensing partnership with the Premier League. This is an important move for the company as the English football league is one of the most-watched sports league in the world. Sorare is a fantasy sports gaming experience based on NFTs, or non-fungible tokens. In particular, Sorare has partnered with many football leagues so that it can create trading cards representing football players. Each card is registered as a unique token on the Ethereum blockchain. Sorare players can buy and sell cards from other players. They can then put together a lineup of five players and earn points based on real-life performances. Sorare frequently issues new cards on the platforms that users can buy to add to their personal collections — that’s how the company generates revenue. And the startup has been quite successful so far. It raised a gigantic $680 million Series B round and signed partnerships with many clubs and football organizations including Spai...

Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million

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PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month financial year period ending in March last year. PhonePe, which is valued at $12 billion , has projected a revenue of $325 million for the calendar year 2022 and $504 million for 2023, according to a valuation report prepared by the auditing firm KPMG and filed by PhonePe. The auditing firm’s estimates relied on information provided by the PhonePe management, the document said. The startup, backed by Walmart, doesn’t expect to turn EBIDTA positive, a key profitability metric, until the calendar year 2025, KMPG wrote in its valuation report. PhonePe’s financials and metrics from the valuation report have not been previously reported. Image credits: PhonePe regulatory filing At a $12 billion valuation, PhonePe...

China smartphone market slumps to 10-year low in 2022

After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s handset sales had slid below 300 million units in ten years, according to Canalys. Even in December, which has historically seen seasonal jumps in sales, China recorded a 5% quarter-to-quarter decline in smartphone shipments. The three-year-long stringent “zero-COVID” policy that disrupted businesses and dampened consumer confidence, coupled with macroeconomic headwinds, spelled an end to China’s years of double-digit growth. Troubles mounted when the abrupt relaxation of COVID-19 restrictions in early December resulted in a surge in cases, further adding pressure to the waning economy. Last year, China’s GDP grew 3%, its lowest in decades other than 2020. Alibaba’s annua...