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OG biotech 23andMe is heading to bankruptcy, so what does that mean for the DNA of 14 million users?

OG biotech 23andMe is on the verge of bankruptcy, raising concerns about what will happen to the troves of genetic data it has.
23andMe was founded in California in 2006 and tested the DNA of 14 million customers globally until now.
The company went public in 2021 and initially the stock price soared, and by 2022 its valuation was $3 billion.
The company has suffered a rapid downfall post-2021 after its stock price dropped and a major data breach affected almost seven million users.
If the genetic testing company 23andMe goes bankrupt or is sold, people’s information might be accessed, sold or transferred as well.
The company’s existing data privacy agreements with customers would remain in place even if there is any future ownership change.
Customers’ data is used in different ways, and 23andMe shares the data with service providers.
Deleting the account is the easiest way to opt-out of any future research and discard the saliva sample.
While taking the DNA test is fun and rewarding, the results might not be all positive; finding out about health risks without guidance from a health professional can be scary.
When buying DNA tests, check the companies’ conditions attached, guidelines from organizations, and what the company says about what it will do with your data.

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TechCrunch

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Perplexity is reportedly looking to fundraise at an $8B valuation

AI search engine Perplexity is in fundraising talks and aims to raise $500 million at an $8 billion valuation.
This would more than double Perplexity's previous valuation of $3 billion.
Perplexity currently receives about 15 million queries a day and generates approximately $50 million in annual revenue.
Despite facing accusations of unauthorized web scraping and plagiarism, Perplexity's CEO expresses a desire to collaborate with publishers.

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Inkbotdesign

Walmart Logo Design: Evolution and Branding Lessons

Walmart's Logo evolution reflects its journey from a small-town retailer to a global powerhouse.
Walmart's logo has undergone multiple changes, each building upon the last while still maintaining brand recognition and moving forward.
Simple logos are easier to remember and more versatile across different media.
Choose colours wisely. They're doing more heavy lifting than you realize. Blue represents trust and reliability, while yellow signifies optimism and affordability.
Your logo should evolve with your brand. As your story changes, make sure your logo keeps up.
Create a logo that will still look good ten years from now. Don't chase trends.
Walmart's current logo has been around since 2008.
Your logo should be a mini-billboard for your brand's journey that helps you create a simple yet meaningful timeless logo.
The logo is often the first thing people see when encountering your brand.
Simplicity, versatility, colour psychology, tell your story, & think long-term are some major lessons from Walmart's logo design journey.

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VC Cafe

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What comes after LLMs for VC Investments

Building foundation models from scratch requires enormous resources in terms of computing power and human talent.
VC investments in foundational models are reaching a saturation point, and LLMs are considered 'good enough' for building applications.
Application companies that build on top of existing models attracted more funding in Q1 2024 compared to Q1 2023.
Instead of investing in foundational models, VC investors should focus on areas like neurosymbolic AI, efficient AI models, context-aware AI, and ethical and explainable AI.

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Medium

168

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Cloudflare free compute — serverless that scale your SaaS

Cloudflare offers free compute services for scaling your SaaS.
The services include workers & pages for setting up CI/CD pipeline, hosting APIs and running Node.js code.
Cloudflare R2 Object Storage is a cost-effective alternative to AWS S3 for object storage.
Cloudflare provides AI Gateway for tracking API usage and user limits, and Cloudflare Images for managing CDN images.

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ISN

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Indian startups raised over $405 million from Oct 14 to Oct 19, 2024; Eruditus tops the list

Between October 14 and October 19, 2024, 32 startups raised $405.94 million in funding from investors.
Edtech startup Eruditus topped the list, raising $150 million in a funding round.
Other notable fundings include Neuron7.ai ($44 million), GIVA ($30.3 million), and Everstage ($30 million).
The period also witnessed strategic mergers and acquisitions, including Licious acquiring My Chicken and More, and IBM acquiring Prescinto.

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TechBullion

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The Role of Florida’s Business-Friendly Environment in Attracting Tech Companies

Florida is rapidly becoming a hotbed for tech firms seeking an ideal environment for development and growth.
The state’s business-friendly policies and dynamic ecosystem are playing a pivotal role in this trend.
Florida has a policy environment that prioritizes entrepreneurial growth and works to support companies navigate regulations with ease.
The state's low tax rates and various incentives tailored to technology firms make it attractive for businesses looking to maximize profits and minimize overhead costs.
Florida boasts a diverse pool of skilled labor, numerous universities and colleges, and partnerships with local businesses that offer access to resources beyond talent.
Florida is home to successful tech companies like Citrix, OpenText, FIS, and Magic Leap that have thrived in the state’s vibrant ecosystem.
Compared to other states, Florida’s blend of opportunity, affordability, and quality of life make it unique.
Various state initiatives aimed at enhancing digital skills among residents are promising and show commitment from both the public and private sectors toward fostering innovation.
Despite challenges like competition for talent and high living costs in some regions, Florida’s government has programs in place aimed at addressing these issues.
Florida’s tech landscape is promising, and it will continue to be a pivotal player in the national technology scene.

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TechCrunch

208

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Gusto’s head of technology says hiring an army of specialists is the wrong approach to AI

Gusto co-founder Edward Kim said that cutting teams and hiring AI engineers is the wrong approach for businesses wanting to be more AI-focused.
Non-technical team members have a deeper understanding than engineers on what customers are confused about, giving them the expertise required for guiding the features built into AI tools.
Gusto's approach to AI sees its non-technical customer experience staff writing 'recipes' to guide the way its AI assistant Gus interacts with customers.
Non-CX team members who are technically minded are capable of building powerful AI applications.
Gusto is upskilling its support team to help them build AI applications internally, rather than hiring specialists.
Non-technical domain experts who know how to create good prompts are often a good fit for AI work.
CX staff may become more focused on writing recipes and prompt tuning, rather than answering queries, improving AI efficiency and CX.
Gusto aims to use its unlocking of resources to offer more services to its customers.

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Startupreporter

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Sarvesh Goel Honored as Visionary Education Leader by Education World

Sarvesh Goel, Chairman of GD Goenka Public School, Lucknow, was honored with the "Visionary Education Leader" award by Education World.
GD Goenka Public School, Lucknow, has achieved top rankings in the Co-ed Schools category across all boards, highlighting its excellence in providing quality education.
Sarvesh Goel's contributions extend beyond education, including initiatives in sports and fitness, film production, and the hospitality sector.
This award reinforces Sarvesh Goel's position as a forward-thinking educationist, making a lasting impact on the educational landscape of India.

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TechBullion

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How Tampa is Becoming a Powerhouse for Tech Innovation

Tampa, Florida, is becoming a hub for tech innovation that promises cutting-edge developments and limitless possibilities.
Local universities play a crucial role in Tampa's rising to tech prominence, with institutions like the University of South Florida producing graduates equipped with essential skills for tech jobs.
Established companies are making their mark in Tampa's diverse economy. For example, ConnectWise empowers IT solutions providers with collaboration tools designed for seamless operations, while KnowBe4 specializes in security awareness training.
Innovation is fostered through Tampa's vibrant tech ecosystem, with established firms and emerging startups collaborating and inspiring new ideas daily.
Tampa is investing heavily in its infrastructure to support tech growth, with modern office spaces and co-working environments popping up across the city. Various incubators and accelerators also provide invaluable resources for budding entrepreneurs.
Local universities, businesses, and government entities are collaboratively driving innovation in Tampa's tech industry. Networking events further bridge gaps between these sectors.
Tampa's surge in tech is driving economic diversification, spurring job growth, making an impact on the local economy, and providing opportunities for graduates.
There are several challenges, including attracting skilled professionals, rising housing costs, competition among emerging tech hubs, regulatory challenges, and limited funding opportunities.
Emerging technologies like artificial intelligence and blockchain are gaining traction in Tampa, and with a steady influx of talent and investment, the city is poised for continued expansion.
With supportive policies from local government aimed at encouraging tech development, networking events and meetups have become commonplace, and the energy is palpable as innovators continue to call this dynamic city home.

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Medium

332

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TechCrunch Highlights: Mira Murati’s Ambitious New AI Venture

Mira Murati, formerly of OpenAI, is leaving to raise venture capital for her new AI startup.
She aims to develop cutting-edge AI applications tailored to industry needs.
Her move reflects a broader trend in the tech industry towards independence and entrepreneurship.
Murati's journey signifies an exciting moment in the tech ecosystem, with potential for significant advancements.

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Medium

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When you can walk on water, you can start your business

The author shares his story of entrepreneurship and starting his own business when it felt like he was 'walking on water'.
He felt ready to start his own business and 'bootstrap eXplorance', with a total of $55K in personal savings and knowledge of how to live with very little.
Despite experiencing resistance from life and loved ones every time he wanted to start his own business, he finally made the decision on January 19th, 2004.
The author's girlfriend cried because she knew that his new endeavor would take up so much of his time, potentially leading to the end of their relationship.
However, his parents supported him and expressed pride in his decision to start the business.
The author had doubts when his manager and CEO supported his resignation without trying to convince him to stay, but he walked away from the company to start his own business.
He explains that 'walking on water' happens when someone is ready for a long and rewarding marathon that involves purpose, wisdom, judgement, endurance, grit, and life.
The author concludes with announcing that eXplorance is now at the beginning of yet another disruptive evolution and he is ready to set sail towards greatness.
He shares that today, starting this new chapter feels like 'walking on water' again, and that they are ready to face any challenges that may come their way.

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Medium

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Best AI tools for small businesses

Artificial intelligence (AI) tools are essential for small businesses; they help streamline operations, improve efficiency and save costs.
The best categories of AI tools for small businesses include marketing tools (like HubSpot and Mailmodo), content creation tools (such as ChatGPT and Grammarly), customer service tools (including Glassix and Zia by Zoho CRM) and project management tools (like Notion AI and Upmetrics). Each category addresses specific business needs to enhance efficiency.
The use of AI tools enables businesses to achieve cost savings by automating repetitive tasks, reducing manual errors, and optimizing resource allocation. This automation not only saves time but also lowers operational costs, allowing businesses to focus on strategic growth initiatives.
Successful implementation of AI tools by small businesses includes companies such as Talon Outdoor, The Natural Patch Co., WhiskerCloud and Freshly. These companies have all used AI to transform their operations and achieve significant growth.
Small business owners can encounter challenges such as resistance to change, cost barriers associated with technology adoption, and the need for training to effectively utilize new tools. Addressing these challenges requires a strategic approach that includes clear communication about the benefits of AI integration and providing adequate training resources.
Emerging trends in AI tools for small businesses include advancements in natural language processing (NLP) algorithms, increased automation capabilities, and the development of user-friendly interfaces. These trends indicate a shift towards more accessible and efficient technology solutions that can significantly benefit small enterprises.
AI-driven marketing tools such as HubSpot, Mailmodo, and MadgicX enhance customer interaction and allow companies to accurately analyze market trends and understand customer behavior. These AI-driven tools lead to better decision-making and innovative strategies that differentiate them from competitors.
AI-powered writing assistants such as ChatGPT, Grammarly and Jasper simplify the content creation process for small businesses, while DALL-E, an image synthesis tool, transforms text prompts into vivid images.
Customer service AI tools like Zia by Zoho CRM, Glassix and Notta simplify operations and provide an edge in delivering exceptional service. By handling data intelligently, these tools provide real-time insights, automate processes, and save costs.
Project management AI tools such as Notion AI, Upmetrics, and Piktochart facilitate note-taking, task management, and data visualization. By integrating these technologies, small businesses can optimize their operations, making these AI-driven project management tools indispensable assets in their arsenal.

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Medium

332

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Cash app gift card

Cash App is a mobile payment app that allows users to send money to friends and family effortlessly.
Users can receive their paycheck directly into the app, with the option for early direct deposit.
The app offers a customizable debit card, called Cash Card, for online and in-store purchases as well as ATM withdrawals.
Cash App enables users to invest in stocks and Bitcoin without any commission fees, making it attractive for new investors.

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Medium