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Startup News
StartupDaily
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How The Terminator is shaping our concerns about AI, 40 years on
- The Terminator film franchise has exerted an outsize influence on how society frames arguments around the existential dangers posed by AI-controlled machines, say experts. The films drew attention to fears of a machine uprising and AI technologies that “absolutely will not stop… until you are dead”. Contemporary dangers include introducing biases into algorithms for employment applications and the risk of certain types of jobs, such as software programming, being replaced by generative AI. But it is the existential threat that dominates public discussion. The six Terminator films often distract from the benefits offered by AI.
- Elon Musk is among the technology leaders who have helped keep focus on the alleged existential threat superintelligent AI could pose. But likening AI to the Terminator has led to criticism from some, who argue an undue focus on hypothetical scenarios has overshadowed the benefits of AI technologies.
- However, genuine concerns persist about the military applications of autonomous weapons, which experts warn could be deadly with superhuman accuracy. AI is already being used to support military targeting although human drone operators continue to play a role in challenging machines' recommendations. Countries such as the US specify human operators should exercise “appropriate levels of human judgment over the use of force” when operating autonomous weapon systems.
- AI systems are also being built into small, cheap aerial drones and ground-based robots for use on battlefields. Critics argue there have already been instances of these “loitering munitions”, designed to hover over battlefields, being used without suitable human controllers.
- The international community, small nations and superpowers alike, need to cooperate and find ways to manage the ethical and legal challenges of AI in times of geopolitical upheaval, according to experts. This will require political will, argue the specialists, if dystopian futures predicted by such films as The Terminator, with its time-travelling cyborgs and robot uprisings, can be avoided.
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StartupDaily
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After studying 100 successful startup founders – and here’s what I learnt
- This report analyses 100 of the top startup founders to identify what separates the successful from the rest.
- Successful founders possess a clear and compelling vision for the future.
- A deep passion for their work drives them to persevere through challenges.
- The ability to bounce back from failures and setbacks is a hallmark of successful founders.
- Many successful founders have prior experience in the industry they are disrupting, providing them with insider knowledge and networks.
- Successful founders challenge traditional models and create new ways of delivering value.
- They establish a strong company culture that aligns with their mission and values.
- Targeting sizable and growing markets increases the potential for scalability and significant returns.
- Continuous investment in research and development keeps their offerings ahead of competitors.
- Aspiring entrepreneurs can learn from these insights by cultivating these characteristics and approaches in their own ventures.
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TheStartupMag
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Image Credit: TheStartupMag
A Step-by-Step Guide to Making Your Own Shortcut URLs
- Shortcut URLs, or quick links, make long website addresses more accessible and easier to share.
- Advantages of using personalized short URLs include enhancing link appearance, simplifying sharing, tracking user engagement, and strengthening brand identity.
- When selecting a service for shortening URLs, consider ease of use, customization options, and analytics features.
- Creating personalized short URLs involves choosing a trustworthy service, customizing the links, and monitoring their effectiveness.
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Yourstory
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Image Credit: Yourstory
Demystifying composability: A roadmap for Indian retailers
- Composable commerce, headless architecture, and microservices offer a solution for Indian retailers to meet consumer demands and deliver personalized experiences.
- Composability allows businesses to adapt, innovate, and thrive in the changing market dynamics, leveraging headless technologies and microservices.
- Pragmatic composability provides a gradual approach for integrating the benefits of composability into existing systems without a complete platform overhaul.
- Composability offers simplified maintenance and updates, flexibility to experiment and innovate, and faster time-to-value for Indian retailers.
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Yourstory
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418
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Shine bright like a lab-grown diamond!; Mental well-being during festivities
- Big Tech companies, such as Microsoft and Meta, are increasing their spending on AI infrastructure to keep up with rising computational requirements.
- OpenAI and Broadcom are partnering to create custom silicon chips to handle AI load.
- Lab-grown diamonds are becoming increasingly popular in India with growth expected from $299.9 million in 2023 to $1.19 billion by 2033.
- The increasing obsession with big tech advancements can breed stress and anxiety during Diwali- the festival of lights.
- A survey conducted by the National Alliance on Mental Illness found that 64% participants noted their conditions worsened around the holidays.
- Setting realistic expectations during the festive period, creating small personal rituals and meditating are the best coping mechanisms.
- Gold prices eased on Thursday but were near an all-time high with spot gold hitting $2,790.15.
- Switzerland may enter deflationary territory next year due to a stronger Swiss franc.
- Over 500 Amazon Web Services employees have urged CEO Matt Garman to reconsider the mandatory policy to work from the office.
- Apart from India, Diwali is also celebrated as a national holiday in countries like Nepal, Sri Lanka, Fiji, and Malaysia among others.
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Medium
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Image Credit: Medium
Managing By Measurable Metrics Leads to Immeasurable Losses
- American economist Milton Friedman’s shareholder primacy approach made profit maximization the firm’s primary goal.
- This approach pays off today but hits hard later and has destroyed many businesses.
- In an effort to boost profits, Boeing’s CEOs squeezed its suppliers and believed that they should receive more value from employees and suppliers than they gave.
- Running a company on visible figures alone is like raising kids based just on their school grades.
- Ignoring everything that can’t be measured may be inappropriate, unethical, and impractical and it can destroy long-term value for the company.
- Creating value for customers and capturing value from them isn’t measurable. The value captured is measured in money while the value created is immeasurable.
- The additional value from employees, suppliers, and customers can’t be measured but it exists in the form of enthusiasm, creativity, loyalty, and support.
- Surrogates like customer satisfaction or employee engagement tell little about those real people’s thoughts and feelings.
- In order to capture this additional value, create extra value in the form of attention by talking to customers and employees.
- Never rely solely on numbers when it comes to people. You can’t measure them with a flat ruler.
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Medium
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No More Layoffs with a Payoff: It’s Time to Freeze CEO Salaries
- In 2022–2024, layoffs surged in various industries, while CEOs enjoyed increasing salaries.
- For instance, Sundar Pichai, CEO of Alphabet, received over $225 million in 2022 despite the company's plan to cut 12,000 positions.
- The proposal suggests freezing CEO pay and stock options and prohibiting stock sales for a year following layoffs exceeding 5% of the workforce.
- The aim is to hold CEOs accountable when significant job cuts occur and share the financial impact.
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Medium
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Image Credit: Medium
Just Show Up: The Key to Success in a Busy World
- Regular attendance and showing up is key to success in a busy world.
- Attending events and networking can lead to valuable connections and opportunities.
- Habitual attendance helps in developing discipline and organizing commitments.
- Starting small with manageable commitments can make a significant impact.
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Medium
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October Global AI Start-up Newsletter 2: Innovations in Content Safety, AI Video, and Edge Devices
- Syntiant, founded in 2017, creates ultra-low-power AI chips designed for battery-operated devices, such as wearables, earbuds, and hearing aids.
- Synthesia has been transforming video content creation through advanced AI technology.
- Synthesia raised a cool $90 million in a Series C funding round, further solidifying its place in the AI video production space.
- Unitary is a fast-growing UK startup on a mission to make the internet a safer place.
- Utilising advanced AI and machine learning, Unitary’s platform analyses vast amounts of online content across images, video, and text to detect potentially harmful or deeply offensive material.
- Unitary was recently named the most disruptive UK startup of 2024 by the Startups 100 index.
- Unitary’s AI-driven content moderation offers a scalable solution that protects users while freeing human moderators from exposure to harmful content.
- The Global AI Start-Up Newsletter explores the most innovative and impactful AI companies.
- These start-ups include Syntiant, Synthesia, and Unitary.
- These ground-breaking companies are bringing to the table advanced technology to help push the industry forward.
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Medium
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Image Credit: Medium
Lessons from Top Podcasts: What Successful Entrepreneurs Share
- Successful entrepreneurs often come from affluent backgrounds, which gives them access to resources and makes their journeys easier.
- Finding the right people and collaborating with them is crucial for creating great products.
- Listening to clients and acting on their feedback is essential for making product adjustments.
- The value of collaboration is being emphasized more, moving away from the individualism that is often emphasized in society.
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Medium
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The Funding Challenge: Why Small Businesses Struggle to Access Capital and What It Means for…
- The funding gap for small businesses is not just a problem for individual entrepreneurs.
- Supporting small businesses is essential for a healthy and diverse economy.
- Addressing the funding gap requires collaborative efforts from governments, private institutions, and community organizations.
- Supporting small businesses is an investment in economic resilience, innovation, and a vibrant, inclusive future.
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Inc42
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Image Credit: Inc42
The People Taking PhonePe From UPI App To Super App
- PhonePe's annual report reveals over INR 5,000 Cr revenue in FY24 after becoming the second Indian startup to reach this milestone, the first being Paytm.
- PhonePe has diversified from its origins as a UPI app by harnessing its user base to sell insurance and lending services.
- It has also launched a stockbroking platform and an appstore to challenge Google's monopoly.
- Each of these services is run as a separate startup within PhonePe, with separate vertical function heads.
- Hypergrowth has necessitated centralised functions such as finance, HR, and administration, and the company boasts an institutional knowledge across the organisation.
- CEO Sameer Nigam has updated PhonePe's corporate governance processes to mimic those of a public company.
- PhonePe is the market leader for UPI payments, but its dependence on this service has kept it from going public until it can diversify.
- The company's emphasis on separate verticals, with different products for each, means it relies on each vertical to acquire new customers rather than relying on the PhonePe brand.
- Vertically-integrated superapp services are considered a challenge for public markets, so PhonePe's modular approach may do better with retail investors.
- PhonePe's high leadership retention and careful horizontal-vertical integration may enable it to position itself as the super app model that performs best in the public markets.
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Siliconangle
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Image Credit: Siliconangle
Israeli AI security startup Noma launches with $32M to secure the ‘Data and AI Lifecycle’
- Israeli AI security startup Noma Security Inc. has raised $32 million in funding to enhance its end-to-end AI security platform and grow its customer base.
- Noma offers end-to-end security solutions tailored to the 'Data and AI Lifecycle,' focusing on protecting every stage of the AI supply chain.
- The company's platform provides AI discovery, security, protection, and compliance services, addressing risks and vulnerabilities in data science and machine learning workflows.
- Noma's offering includes AI Security Posture Management and AI Runtime Protection to ensure secure development, deployment, and operation of AI-driven applications.
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Dev
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336
Image Credit: Dev
The WordPress Drama Won't Kill Your Business. Here's Why.
- Despite the recent WordPress drama, there is no threat to your WordPress-driven business operations or employment prospects as a developer, as WordPress is simply too big to fail or mess up.
- The drama concerning inter-company legal battles, plugin takeovers and WP Engine's alleged 'cancer' comments have resulted in community infighting, harsh language and corporate theatre, but the actual platform will go from strength to strength due to its open-source base and massive ecosystem.
- As a business owner or site manager using WP Engine or running Advanced Custom Fields, there is no need to worry over a worst-case scenario or panic as, even if parts of these experiences are problematic, your data and ownership of your site is considered too vital to break.
- Millions of businesses are reliant on WordPress sites, and billions of revenue flow through them daily, meaning the system is too big to fail.
- It is time to stay focused on real business growth as competitors who are spending their energy worrying about corporate drama are losing focus, and growing businesses focus on fundamentals at times of market uncertainty.
- Valuable advice for present and future site owners and developers is to remain up-to-date with security patches, keep your backups current, take advantage of WordPress's portable code and data, and double down on your singular focus on serving your customers and growing your business.
- WordPress's success, and consequently yours, is based on its open-source nature and massive ecosystem, realized by the various companies and developers who work to take advantage of it.
- It is the strength of the core technology that guarantees your website, ecommerce system, and SEO rankings will remain solid.
- In conclusion, the WordPress drama will not bring down your business, so there is no need for drastic moves, panic, or changes in platform.
- The smart move is to double down, because, as successful WordPress developers know, its companies don't matter, but its open-source nature does.
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Medium
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October 2024 Recap
- The Magneto HR team has been working on refining the platform's architecture and enhancing its functionality to ensure a smooth user experience.
- Magneto HR secured a partnership with development company Roots Inc., promising to accelerate innovation efforts and enhance the platform's capabilities.
- Work was done on optimizing node workload setup, focusing on workload distribution across the network to ensure reliable performance as Magneto HR continues to grow.
- Core features of the Magnet token were developed, creating a foundation for a secure and robust token economy within the Magneto HR ecosystem.
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