Perplexity details plan to share ad revenue with outlets cited by its AI chatbot

Perplexity AI will soon start sharing advertising revenue with news publishers when its chatbot surfaces their content in response to a user query, a move that appears designed to assuage critics that have accused the startup of plagiarism and unethical web scraping. Dmitry Shevelenko, Perplexity’s head of business, told TechCrunch …...Read More

Fertility tracking app Flo Health raises $200M at a $1B+ valuation

Femtech, or tech that leverages innovations in AI, smartphones and connected wearables to give women more insights into reproductive and menstrual health, continues to gain momentum with users, and investors are following. London-based Flo Health, a fertility-focused period-tracking app, on Tuesday said it has raised a $200 million Series C …...Read More

Meta is rolling out its AI Studio in the U.S. for creators to build AI chatbots

Meta said Monday that it is rolling out its AI studio to all creators in the U.S. to let them create personalized AI-powered chatbots. The company first announced the AI Studio last year, and started testing it with select creators in June this year. Meta is making the tool available …...Read More

Bill Gates-backed Type One Energy lands massive seed extension to commercialize fusion power

Ever since a government experiment proved in 2022 that fusion isn’t as far fetched as it once seemed, physicists, engineers, and investors have been growing increasingly bullish on the technology’s ability to deliver on its long held — if frequently delayed — promise of providing nearly limitless amounts of emission-free …...Read More

UK antitrust body probes Google's ties with AI rival Anthropic

The U.K.’s antitrust regulator has revealed an early-stage probe into Google’s ties with Anthropic, after the Alphabet subsidiary invested in its U.S. AI rival over several rounds. While it’s not at an official investigation stage yet, the Competition and Markets Authority (CMA) is inviting stakeholders and other “interested parties” to …...Read More

Packing travel insurance products into an app helped FAYE to a $31M Series B

We’ve been covering US-based Insurtech startup FAYE way back since 2022 with its Seed round, and the Series A round in 2023, and it seems they continue to be on a roll, today announcing a $31 million in Series B funding. What is keeping this online insurance company on the …...Read More

Will AI get dumber?

Although AI models have made big breakthroughs in the last few years, there’s now a risk that they could get dumber and even collapse, according to a new research paper published in Nature. The phenomenon is described by researchers as “model collapse.” Think of it as a snake eating its …...Read More

Sennder buys CH Robinson's European business

German freight forwarding unicorn Sennder is on a roll. Today the company announced that it is acquiring the European ground transportation assets of logistics giant C.H. Robinson in an all-cash deal. The terms of the deal are not being disclosed but a source close to the company says it is …...Read More

Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest in African startups solving the supply chain and operational challenges for retailers and suppliers in the fast-moving consumer goods (FMCG) industry. Two years on, investors aren’t as enthused anymore as the …...Read More

Qoo10's CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis

The founder and CEO of Singapore-based marketplace Qoo10 has pledged to use his personal assets to secure about $58 million (80 billion KRW) to compensate South Korean customers and vendors affected by his company’s liquidity crisis, which in turn resulted in failed payments to about 60,000 small merchants who sell …...Read More