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5 European companies that are (really) advancing AI

The Next Web

There’s little arguing that artificial intelligence is one of the hottest sectors of the tech industry. From recommending personalized content in your YouTube feed to translating text, diagnosing cancer and driving cars, the number of domains that the AI industry is touching is constantly expanding.

Companies 159
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It Is What It Is: A fake app hyped on Twitter turned into a fundraiser for racial justice causes

The Verge

The group describes itself as a “diverse, ragtag group of young technologists tired of the status quo tech industry,” which it says is “obsessed with exclusive social apps that regularly ignore — or even silence — real needs faced by marginalized people all over the world, and exclude these folks from the building process.”.

Hype 115
professionals

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.

Italy 122
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"Cold shower" predicted for overhyped generative AI sector

TechSpot

CCS Insight's roundup of predictions for the technology industry in 2024 (via CNBC) includes a warning for generative AI: next year might expose the fact that the reality of the tech doesn't live up to the hype. Read Entire Article

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Construction tech startup Agora raises $33M in Tiger Global-led round amid 760% YoY ARR growth

TechCrunch

Construction tech is one of those sectors that has not historically been considered “sexy” in a startup world that often favors glitzier technology. But construction fuels the commercial and real estate industries, which in turn impacts all of us in one way or another. Despite the hype, construction tech will be hard to disrupt.

Global 102
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German construction tech startup Cosuno raises $30M Series B by Avenir Growth

TechCrunch

Germany-based construction tech startup Cosuno has raised a $30 million Series B led by U.S. Construction is one of the largest industries in the world but amongst the least open to new technology. Construction is one of the largest industries in the world but amongst the least open to new technology.

Tech 83
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TechCrunch+ roundup: Deep tech fundraising, negative trade secrets, 3 metrics investors love

TechCrunch

Failures are valuable IP: Protect your startup’s negative trade secrets A VC’s perspective on deep tech fundraising in Q1 2023 Image Credits: Xi Huo (opens in a new window) / Getty Images I learned something today: Successful deep tech startups and SaaS companies generally reach billion-dollar valuations in the same time frame.

Metrics 92