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African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close

​[[{“value”:” One of Africa’s most active investors, known for early bets on unicorns like Flutterwave, Andela, and Wave, has secured fresh capital to invest in startups across the continent. This comes as funding deals and volumes in Africa saw only a slight dip last year, according to a report by VC firm Partech. LoftyInc Capital, which […] © 2024 TechCrunch….

Andy Dunn’s new app Pie uses AI to help you make friends

​[[{“value”:” “We’re a long way from pants,” Andy Dunn, founder of online fashion retailer Bonobos, told TechCrunch. Now, the former CEO is taking on a completely different challenge: he wants to help people make friends. Dunn’s newest venture, Pie, is a social app focused on bringing people together in real life. With an $11.5 million Series […] © 2024 TechCrunch….

Klarna CEO doubts that other companies will replace Salesforce with AI

​[[{“value”:” The founder and CEO of IPO-bound fintech Klarna took to X to once again explain why his company ditched Salesforce’s flagship CRM product about a year ago in favor of its own homegrown AI system.  But this time, Sebastian Siemiatkowski emphasized that he doesn’t think others will — or should — follow his lead. “I […] © 2024 TechCrunch….

Amazon is reportedly developing its own AI ‘reasoning’ model

​[[{“value”:” Amazon reportedly wants to get in on the AI “reasoning” model game. According to Business Insider, Amazon is developing an AI model that incorporates advanced “reasoning” capabilities, similar to models like OpenAI’s o3-mini and Chinese AI lab DeepSeek’s R1. The model may launch as soon as June under Amazon’s Nova brand, which the company introduced […] © 2024 TechCrunch….

Google still limits how Gemini answers political questions

​[[{“value”:” While several of Google’s rivals, including OpenAI, have tweaked their AI chatbots to discuss politically sensitive subjects in recent months, Google appears to be embracing a more conservative approach. When asked to answer certain political questions, Google’s AI-powered chatbot, Gemini, often says it “can’t help with responses on elections and political figures right now,” TechCrunch’s […] © 2024 TechCrunch….

OpenAI chairman Bret Taylor lays out the bull case for AI agents

OpenAI chairman Bret Taylor lays out the bull case for AI agents

​[[{“value”:” We still didn’t get a straight up definition of exactly what an AI agent is during Bret Taylor’s Mobile World Congress fireside chat in Barcelona on Tuesday. The Sierra founder and OpenAI board chair preferred to side-step CNN moderator Anna Stewart’s question asking how “agentic AI” is “any different to a GenAI chatbot” by suggesting […] © 2024 TechCrunch….

Google’s March Pixel Drop adds AI-powered scam detection and live location sharing with friends

​[[{“value”:” Google on Tuesday announced new software updates for the Pixel phones as part of its “Pixel Drop” program for March. Pixel Watches and all Android devices are also receiving some new features with this release. The most notable parts of the update include using AI to detect scams in messages and calls, better categorization in […] © 2024 TechCrunch….