Earlybird Health closes twice-larger second fund, will write bigger checks

Germany-based Earlybird Health announced the final closing of its second fund of €173 million (around $185 million). This is more than twice the size of Earlybird’s first healthcare-focused fund.
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The first users of Microsoft’s AI bot ask if it’s worth the money

AI assistants manage emails, meetings, and other tasks. Still, some people are dubious about them because of their high cost and restricted application, and the Microsoft AI bot is no exception. The Microsoft AI assistant is the bestselling software so far, but the testers who have had it for more than six months say one thing: “It is useful but often doesn’t live up to its price.” The price? $30 per person per month.
With Copilot for Microsoft 365, an AI update that integrates with Word, Outlook, and Teams, it would give Microsoft one of its most significant successes in decades. Using natural language cues, Microsoft AI can create documents, generate text, and summarize emails using the same technology as OpenAI‘s ChatGPT. According to Microsoft, the early demand from people is unparalleled, and the businesses who have tested it have found it helpful — but Microsoft has not released any information on the number of sign-ups.
Most will remember the press on the billions Microsoft bet to make this happen for the company—the $13 billion investment in OpenAI, to be precise. As a result, Microsoft’s shares have soared with the belief that this AI technology will turbocharge its revenue. An analyst with RBC Capital, Rishi Jaluria, said, “Copilot has to be a success for the stock to work.” Copilot was mentioned more than 50 times in the recent earning call.
Microsoft’s Super Bowl commercial
Microsoft debuted its first Super Bowl commercial in four years last Sunday, promoting Copilot as a resource that may assist entrepreneurs in achieving their goals.
Microsoft has been betting that businesses would agree to sign large contracts because they want to use this particular AI. In November, when the AI software went national, businesses had to commit to at least 300 memberships for the assistant. According to a Microsoft software distributor, many people are unwilling to make such a significant investment for unproven products. Last month, Microsoft lowered its minimum requirements to allow smaller groups to use the AI software.
Some businesses are reluctant to use AI technology until some of the hype dies down. According to a Boston Consulting Group survey, almost two-thirds of corporate leaders think it will take at least two years for generative AI to surpass the hype, despite stating that AI is a key priority for their organization. Most in the survey want to restrict all usage to small-scale experiments.
Featured Image Credit: Photo by Tara Winstead; Pexels
 
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Surprise! Mark Zuckerberg thinks Quest 3 is better than Vision Pro

Mark Zuckerberg tried Apple’s Vision Pro headset and his verdict is that the Meta Quest 3 is a better product. Shocking, right? In a video posted on his Instagram account, recorded with Quest 3’s passthrough, the Meta CEO said before trying out the headset he thought that Quest 3 would provide better value to people […]
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Indonesia’s GoTo denies merger talks with ride-hailing rival Grab

Indonesian tech giant GoTo in a Tuesday filing said it is “not having any discussion on such matters.”

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Andrej Karpathy is leaving OpenAI again — but he says there was no drama

Andrej Karpathy, a widely respected research scientist, announced today that he has left OpenAI. This is the second time Karpathy has left the top AI firm and his departure is not because of any event, issue or drama, he said. Karpathy, a founding member of OpenAI, initially left the company to join Tesla in 2017. […]
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Waymo issues a voluntary recall on its self-driving vehicle software

In its first recall, Waymo said it updated its software to better predict a towed vehicle’s motion.

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Amazon founder Bezos sells shares worth over $4bn

The multi-billionaire moved to Miami last year, where there is no tax on share sales above $250,000.

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4 Ways to Boost Digital Transformation Across the UK

The U.K. needs to improve its tech skills pipeline and support local efforts to drive digital transformation if the benefits of technology are to be shared across all regions of the country, according to a new report.

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Foundry Group is shutting down and won’t raise another fund

Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The move was unexpected considering that the firm announced a $500 million fund last year. Boulder, Colorado-based Foundry first announced that its current fund would be its last on […]
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Intuitive Machines to take its shot at reaching the moon with first private lunar lander

Intuitive Machines is looking to succeed where past ventures have failed with its inaugural lunar lander mission, which would mark the first time a private company has landed a spacecraft on the moon — ever. The mission is poised to lift off on a SpaceX rocket at 12:57 a.m. EST tomorrow from the launch company’s […]
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