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Startup News
Medium
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How I Accidentally Became an “AI Agency” in 7 Minutes (And You Can Too)
- The author, fueled by caffeine and existential dread after reading an article on AI replacing jobs, decided to start an AI agency called Quantum Noodle with zero clients and a basic tech stack.
- Using a sleek website template called Nubien, the author quickly set up the agency website with fake testimonials and received inquiries from potential clients.
- The author highlights the importance of having a professional-looking website, like Nubien, to establish credibility in the AI industry, even if the content is mostly buzzwords and placeholders.
- Nubien, the website template, is praised for its premium look and ease of use, allowing individuals without coding skills to create a polished online presence for their businesses.
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Medium
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150
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The $0 to $1 Problem: Why Making Your First Dollar with AI is Harder Than Your First Thousand
- Making your first dollar with AI can be harder than making your first thousand due to psychological barriers and fear of failure.
- The transition from $0 to $1 is psychologically challenging, as failures prior to earning any money can feel discouraging.
- People often focus on scaling and planning excessively before proving their concept is viable.
- Overcoming the fear of failure, solving real problems for customers, and obtaining feedback are crucial steps to making money with AI.
- Starting with solving one person's problem and earning one payment is emphasized as a key approach to making the first dollar.
- Examples are given of individuals who found success by starting small, focusing on solving a specific problem, and obtaining payments relatively quickly.
- The article suggests a straightforward four-week process to initiate making money with AI: identifying a problem, confirming its existence, offering a free solution, and then charging for it.
- The importance of taking action, solving real problems, and getting the first sale is highlighted over extensive planning and theorizing.
- Once the first sale is achieved, the article explains that scaling to higher earnings mostly involves repeating the same successful process.
- The article challenges readers to make just $1 with AI in the next 14 days to prove the ability to turn aspirations into reality.
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Medium
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237
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Is Your AI Chatbot Actually Working? These 10 Metrics Reveal the Truth
- AI chatbots play a crucial role in transforming customer service, sales, and operational efficiency by providing value through various metrics.
- Tracking key performance indicators (KPIs) such as conversion rates, user satisfaction, containment rate, first contact resolution, and more is essential to align chatbot performance with business goals.
- Important metrics include conversion rate for tracking user actions, CSAT scores for measuring customer satisfaction, containment rate for assessing issue resolution without human intervention, and first contact resolution rate for improving customer experience.
- Additionally, metrics like transfer rate to human agents, response time, average chatbot interaction duration, return on investment, user engagement rate, workload reduction, and more help in evaluating the effectiveness and impact of AI chatbots.
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Inc42
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Quick Commerce Platform KiranaPro’s App Code Destroyed In Cyber Attack
- Quick commerce platform KiranaPro faced a cyber attack that destroyed its app code and user data including names, addresses, and payment details.
- Hackers gained access to KiranaPro's root accounts on AWS and GitHub, impacting the platform's ability to process orders.
- The cyber attack likely occurred between May 24 and May 25 after someone accessed the startup's systems via a former employee's account.
- KiranaPro has reached out to GitHub for assistance in identifying the hacker's IP addresses and is planning to take legal action against its former employees.
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Inc42
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378
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No Salaries For Good Glamm Group’s Employees For 2nd Consecutive Month
- Good Glamm Group has reportedly delayed employee salaries for the second consecutive month in May due to funding issues.
- The company had previously delayed salaries for April and informed employees they would be paid for April and May in June, but the salaries are yet to be credited with no communication from management.
- Former employees and freelancers of Good Glamm Group are reportedly still waiting for their dues to be cleared, causing discontent among freelancers like Babita Bharati.
- The uncertainty at the company has led to mass resignations, including top executives leaving. Good Glamm Group is facing financial challenges, including delayed funding, mounting losses, and potential stake sell-off to improve liquidity.
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Inc42
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196
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No Salaries To Good Glamm Group’s Employees For 2nd Consecutive Month
- Good Glamm Group has reportedly delayed employee salaries for the second consecutive month in May due to funding issues.
- The company previously informed employees that they would receive delayed salaries for April and May in June, but no payments have been made yet.
- Former employees and freelancers of Good Glamm Group are still awaiting dues to be cleared, leading to discontent and allegations of non-payment.
- The troubled startup is facing financial struggles, considering selling stakes in brands, experiencing mass resignations, and delays in salary payments for the third time this year.
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TechCrunch
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Now Deel is accusing Rippling of spying by ‘impersonating’ a customer
- HR tech startup Deel has filed an amended complaint against Rippling, accusing the company's employee of impersonating a legitimate Deel customer to gain unauthorized access.
- Deel's complaint also includes insults towards Rippling's CEO, Parker Conrad, and speculates that Rippling targeted Deel due to a perceived vendetta against Deel's investor, Andreessen Horowitz.
- Deel alleges that Rippling planted false claims about them in the press and with regulators, and refers to actions taken after an investigation stemming from 2023.
- Rippling denies some of the allegations and asserts its commitment to fair competition, while Deel claims profitability and revenue generation of over $1 billion.
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Siliconangle
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Data analytics chip startup Speedata closes $44M funding round
- Data analytics chip startup Speedata has secured $44 million in Series B funding, with participation from various investors including Intel Corp. CEO Lip-Bu Tan and Mellanox Technologies co-founder Eyal Waldman.
- Speedata's accelerator card, the C200, based on a custom chip called Callisto, is designed to optimize data analytics workloads and can be attached to servers via a standard PCIe port.
- The Callisto chip, utilizing a CGRA chip architecture, can perform analytics tasks more efficiently, especially handling branching logic in queries, leading to improved query performance.
- The funding will be used by Speedata to support its go-to-market efforts, with the company highlighting the chip's significant speed advantages in various sectors including healthcare, finance, insurance, and advertising technology.
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Gritdaily
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Owner of Small Trucking Company Olexandr Momotok Proposes Innovative Way to Minimize Road Accidents
- Trucking entrepreneur Olexandr Momotok, drawing on his experience in law and as a truck driver, proposes an innovative damping system for trailer drawbars to prevent accidents.
- Momotok's analytical skills and language proficiency from his legal background aided his successful transition to the U.S. and the trucking industry.
- With intensive training and keen observation of driving practices in the U.S., Momotok identified the need for better impact mitigation in accidents involving semi-trucks.
- Momotok founded his trucking company, OM&B Trucking Inc., where he merged his professional experiences to develop a critical perspective on safety systems.
- By combining his experiences and observing accidents, Momotok created an innovative shock-absorption system for trailer couplings to enhance road safety.
- His invention, aimed at reducing impact forces in accidents, features a mechanical spring system that effectively dissipates collision energy and is functional in extreme conditions.
- Momotok's invention, registered in the U.S. Copyright Office, reflects his desire to create safer roads and potentially redefine safety standards in the trucking industry.
- With the goal of saving lives and improving road safety, Momotok's dedication to observation, critical analysis, and innovation may have a significant impact on the industry.
- His innovative approach and commitment to initiating change showcase the potential for technologies like his shock-absorption system to make a positive difference in road safety.
- Through his invention and principles of observation and determination, Momotok aims to contribute towards creating safer roads for all users and revolutionize safety standards in trucking.
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Siliconangle
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392
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RelationalAI introduces new graph processing features for its Snowflake app
- RelationalAI Inc. introduced new graph processing features for its software applications, aimed at enabling more efficient data analysis.
- These capabilities were unveiled at the annual Snowflake Summit in San Francisco, focused on enhancing the functionality of Snowflake's cloud data platform.
- The update includes new algorithms for graph analysis, such as path finding and egonet analysis, while also introducing support for graph neural networks (GNNs) for tasks like demand forecasting.
- Other added features comprise text-to-reasoner capability, mathematical optimization solvers, and semantic views to enhance data analysis and decision-making within the Snowflake environment.
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Medium
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Unicorns
- Unicorns utilize technology that allows for rapid growth without substantial additional costs, exemplified by software firms like OpenAI scaling quickly with tools such as ChatGPT.
- Successful unicorn startups are often guided by experienced founders with vision and skills, like those leading companies such as SpaceX. A talented team contributes to building trust and driving the company forward.
- Unicorns frequently secure substantial funding from venture capitalists to support their expansion efforts, as seen with companies like SpaceX and Stripe receiving billions for growth and development.
- Unicorns differentiate themselves by creating user-friendly products and experiences, such as Slack simplifying team communication with an intuitive interface, leading to customer retention and growth.
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Gritdaily
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We Believe What We Want to Believe, and How It Can Cost Us
- In the world of finance, emotions often override logic, leading people to believe what they want to believe with significant implications.
- Morgan Housel's notion of 'We believe what we want to believe' highlights how individuals create mental models aligned with their experiences in financial planning.
- Housel suggests a practical approach in financial decisions: 'Save like a pessimist, invest like an optimist,' emphasizing a balanced strategy.
- This strategy, combined with data-driven optimism and academic investing, forms a successful financial planning framework.
- The danger of believing what we want to believe lies in creating blind spots and ignoring factual evidence in decision-making processes.
- Emotional responses often drive financial decisions, creating a disconnect from objective reality and leading to biased assumptions.
- Echo chambers and confirmation bias can hinder evidence-based decision-making in finance, affecting personal finance, business, and policymaking.
- Encouraging mindful, evidence-based decision-making involves seeking disconfirming evidence, surrounding oneself with contrarians, and slowing down the decision-making process.
- Housel's framework, 'Save like a pessimist, invest like an optimist,' promotes preparedness for unexpected events while maintaining a positive outlook on long-term growth.
- Balancing pessimism with optimism in financial planning helps in building resilience, maintaining responsibility, and staying grounded in reality.
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TechCrunch
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Colossal Labs will release the sounds of dire wolves howling ‘later this year,’ founder says
- Colossal Labs, founded by billionaire Ben Lamm, is working on a project to revive the extinct dire wolf species, made popular by 'Game of Thrones.'
- The company has successfully 'brought back' dire wolves, with the first two wolves, Romulus and Remus, now around 6 months old.
- Colossal Labs is planning to release the sounds of dire wolves' howls later this year as part of a bio-acoustic project that maps out different types of howls.
- In addition to dire wolves, Colossal Labs is also exploring the revival of other extinct animals like the Tasmanian tiger and the dodo, with significant investor interest in their innovative projects.
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Gritdaily
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Bridging Worlds: The Global Path to Purpose by Anelia Uzunova
- Anelia Uzunova is a purpose-driven founder with 15 years of experience in corporate, entrepreneurial, and global leadership ecosystems.
- Born in Bulgaria and shaped by life in the U.S. and Switzerland, Anelia blends strategic insight with deep inner work.
- Her mission is to catalyze a more conscious, humane approach to leadership in today’s complex world.
- Anelia's childhood in Bulgaria and subsequent moves to the U.S. and Switzerland shaped her perspective on connection and integration.
- She prioritizes bridging intellect and intuition to lead from wholeness.
- Anelia's early experiences gave her adaptability and resilience, shaping her into a bridge between cultures.
- Despite family expectations, Anelia pursued economics and politics, which provided a global lens for her future endeavors.
- After a successful corporate career, Anelia felt a disconnection and yearning for deeper meaning, leading her to introspection.
- Anelia's leadership philosophy emphasizes conscious presence, authenticity, and aligning with purpose.
- She helps mission-driven leaders evolve beyond performance-driven models towards a holistic approach rooted in self-awareness and alignment.
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Economic Times
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453
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Education financing startup GyanDhan raises Rs 50 crore from edtech firm Classplus, VC fund Pravega Ventures
- Education financing startup GyanDhan has raised Rs 50 crore in funding from edtech firm Classplus and VC fund Pravega Ventures.
- The funds will be used for scaling operations, strengthening consultant partnerships, expanding the team, and investing in technology.
- GyanDhan offers education financing solutions for Indian students in India and abroad, facilitating education loans worth over Rs 7,000 crore.
- The platform plans to broaden its presence in more cities, double its partnered financial institutions, and address the affordability gap in education financing in India.
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