Category: News Articles
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Swiss startup Loft Dynamics raises $20 million to solve global pilot shortage
Swiss VR simulation startup Loft Dynamics — formerly known as VRM Switzerland — has raised $20 million in funding to solve the global pilot shortage. During the COVID-19 pandemic, many pilots could not fly due to international travel restrictions. Some pilots then decided to retire early or change careers, worsening the situation with demand exceeding…
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OpenAI’s newly released ChatGPT re-sparks debate on AI risks
ChatGPT, a chatbot developed by the American company OpenAI, has re-sparked a debate on the risks of artificial intelligence (AI) technologies. Chatbots like ChatGPT can create an impression of having thoughts and trick people into thinking they give credible information. The public has voiced concerns that the AI technology behind chatbots can be misused to…
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Zoe raises $30 million to offer personalized nutrition services
Nutrition analytics startup Zoe has raised $30 million in funding to offer personalized nutrition services to individual users worldwide. Zoe received a spotlight during the COVID-19 pandemic as its platform provided early data on the spread of the disease, its symptoms and post-infection effects. Since COVID-19 have become more manageable, Zoe has returned to its…
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Kenyan startup raises $2.1m to make smartphones accessible to Africans
Kenyan re-commerce startup Badili has raised $2.1 million in pre-seed funding to provide affordable smartphones in Africa, a fast-growing smartphone market. Although smartphones are essential in the era of the digital economy, many Africans struggle to afford a new unit due to low income. The Communications Authority of Kenya recently revealed that although smartphone penetration…
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Cerebras partners with Cirrascale to make generative AI more inclusive
American tech startup Cerebras Systems has partnered with Cirrascale Cloud Services to make generative AI technology more inclusive. The partnership focuses on developing a Large Language Model (LLM), a generative AI tool that can mimic human communication. It can read, outline, translate and even predict future texts. According to Cerebras CEO Andrew Feldman, LLM does…
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Cameroon’s Ejara raises $8 million to ‘democratize’ financial products
Cameroonian fintech startup Ejara has raised $8 million in Series A funding to “democratize” access to financial products in French-speaking African countries. Founded two years ago, Ejara provides a blockchain wallet service to its users. Ejara users can purchase, sell, trade and keep crypto assets using the Ejara wallet. Ejara co-founders Nelly Chatue-Diop and Baptiste…
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Indonesian startup raises $13M to help content creators build brands
Indonesian-based startup TipTip has raised $13 million in Series A funding to help Southeast Asian content creators build their brands. Founded in October 2021, TipTip offers a platform for talents like musicians, painters and chefs who want to expand their communities. TipTip also helps these talents monetize their content through direct sales. TipTip founder Albert…
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New-age fintech startup raises $1M to offer efficient banking solutions in India
New-age fintech startup Galgal Money has raised $1 million in seed funding to offer efficient banking solutions in India. Galgal app aims to solve financial management issues among youth through its AI system. Since young adults often see financial management as complicated, Galgal offers help to simplify the process. It promises to make savings less…
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Content startup Origin Hope announces first partner ahead of major raise
The UK company will now be supported by Norwich-based Akcela Ventures, signaling its intent to pursue discrete development and production hubs ahead of rumored global funding spree Origin Hope Media Group has partnered with Akcela Ventures ahead of its brand relaunch amid rumors that it is preparing to seek its first-ever round of funding after…
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KaiOS raises $3.4m to offer services in sub-Saharan Africa
Hong Kong-based feature phone OS startup KaiOS has raised $3.4 million in funding to expand its presence to sub-Saharan Africa. Founder and CEO Sebastien Codeville built KaiOS on the now-defunct Firefox OS. It had difficulty competing with established competitors like Apple’s iOS and Google-supported Android. Nevertheless, the startup saw an opportunity to target consumers in…