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5 tips for better business value from gen AI

CIO

Bogdan Raduta, head of AI at FlowX.AI, says, Gen AI holds big potential for efficiency, insight, and innovation, but its also absolutely important to pinpoint and measure its true benefits. A second area is improving data quality and integrating systems for marketing departments, then tracking how these changes impact marketing metrics.

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6 investors discuss why AI is more than just a buzzword in biotech

TechCrunch

Boston Consulting Group (BCG) partner Chris Meier reported in the March 22 Issue of Nature Reviews Drug Discovery that 24 “AI native” drug discovery companies have a combined 160 disclosed discovery programs. Y Combinator has been a net positive force in driving innovative experimentation at the early stages of company development.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

We sell to mass market Africans via a high innovative RTM cold chain which uses predictive data to push fish to thousands of market ladies every day all across Kenya with less than 1% spoilage.”. Victory Farms claims to have one of the highest margin structures in the fishing industry globally due to its technology.

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Unpacking Chamath Palihapitiya’s SPAC deals for Latch and Sunlight Financial

TechCrunch

Latch, an enterprise SaaS company that makes keyless-entry systems, has raised $152 million in private capital, according to Crunchbase. Sunlight Financial, which offers point-of-sale financing for residential solar systems, has raised north of $700 million in venture capital, private equity and debt. Let’s find out.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

He teamed up with John Dada two years later to build Curacel, a fraud detection system for health companies at the time. Quick thoughts : Innovation in Africa’s B2B e-commerce and retail space has been around the digitization of processes and BNPL services, but not much around cash overdependence and fraud.

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Healthie lands $16.5M to build the Stripe for virtual patient care

TechCrunch

And that is effectively a very interesting notion because we’re still top of the first inning when it comes to what healthcare innovation is going to look like in the coming years.”. For the fiscal years of 2020 and 2021 they operated with FCF, EBITDA, aEBITDA and GAAP net income. million patient records.

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SAP Q2 results reveal large orgs now firmly on the path to AI

CIO

There are not many organizations that can take a hit on net profit due to monstrous restructuring costs, yet at the same time raise their operating profit projections for 2025, but SAP is one of them, according to its latest quarterly results released this week. It’s not that often that you’re going to switch systems.