Invisible AI raises $15M to stick worker-monitoring cameras in factories

The rise of so-called “smart factory” technologies is leading to a race to modernize manufacturing plant and warehouse floors. Old equipment is being replaced by newer, more advanced machinery as manufacturers look to keep pace with the competition — and wrestle with high turnover rates. According to a survey by Plex Systems, 50% of manufacturers … Read more

Building startups in public has an end date

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha asked: How does the “build in public” mindset impact the … Read more

The unbearable lightness of being asset-light

Daniel Hoffer Contributor Share on Twitter Daniel Hoffer is the managing director of Autotech Ventures. He leads investments in B2C and B2B startups with a focus on marketplaces, SaaS, and logistics. Commerce is as old as humanity, and yet innovation in how to build better and more efficient companies not only continues, but is accelerating. … Read more

Femtosense raises capital to power the AI inside of consumer electronics

Large AI systems like OpenAI’s GPT-3 might grab headlines, but the practical limitations of power consumption and cost — not capabilities — often determine where AI is deployed. For the most part, highly capable systems are relegated to the cloud because they’re too complex to run on edge devices with weaker hardware and limited connectivity. … Read more

What to expect from the Google Pixel launch event

Image: Google We’re getting even closer to the launch of the Pixel 7 phone and Pixel Watch, with Google’s fall launch event set to take place on Thursday, October 6th, at 10AM ET. While we have an idea of what to expect, Google may still have a few surprises in store. Here’s everything we’re looking … Read more

Hofy lands $15M to help companies remotely manage enterprise equipment

In March 2020, Sami Bouremoum and Michael Ginzo, two tech entrepreneurs with a background in consulting (Bouremoum worked for Bain & Company) and software development (Ginzo led product at hiring startup Deel), came together to co-launch Hofy, a company that delivers office equipment to remote hires. It wasn’t long after that Hofy began earning “low-six-figure” … Read more

Trading app Public.com debuts alternative asset offering with Birkins, Banksy and CryptoPunks

Investment app Public.com (Public), a Robinhood competitor that pivoted away from the contentious payment-for-order-flow (PFOF) revenue model, is expanding its offerings in a big way. The three-year-old company purchased Otis earlier this year to allow consumers to buy and trade fractional shares in alternative assets. Today, the company announced that it has integrated Otis’s offerings … Read more

Bad robot: Europe plans product liability changes to make it easier to sue AIs

The European Union is to update product liability laws to tackle the risk of damage caused by artificial intelligence systems and address other liability issues arising from digital devices — such as drones and smart devices. Presenting a proposal for revisions to long-standing EU products rules — which includes a dedicated AI Liability Directive — … Read more

TikTok says fake account removal increased 61% to 33.6M in Q2 2022

TikTok is continuing its PR offensive to convince the world that it takes its content moderator responsibilities seriously, as the Bytedance-owned social video platform today published its latest Community Guidelines Enforcement Report. Covering the period from April 1 to June 30 this year, the report spans a wide gamut of self-reported data points around video … Read more

This new app is helping Gen Z invest in cars, food, video games and other ‘themes’

Michael Haddix Jr. is a former college basketball player who was pre-med until he discovered investing once finishing undergrad. After being exposed to it, Haddix  says he got “really excited” about investing and went on to get an M.B.A. from Columbia Business School so that he could work in the field. Upon completing graduate school, … Read more

Flora poised to bloom as sustainable brand marketplace launches this year

E-commerce roll-up startup Flora emerged from stealth mode with $9 million in seed funding from an investor group that included Lux Capital, Correlation Ventures, Climate Capital and Gokul Rajaram. Also known as an aggregator, the company acquires and grows brands — in Flora’s case, focused on offering sustainable products and reducing carbon emissions. Co-founders and … Read more