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Are AI models doomed to always hallucinate?

TechCrunch

The mistakes range from strange and innocuous — like claiming that the Golden Gate Bridge was transported across Egypt in 2016 — to highly problematic, even dangerous. Large language models (LLMs) like OpenAI’s ChatGPT all suffer from the same problem: they make stuff up.

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Coupang files for mega US IPO

TechCrunch

Observe its yearly revenue totals from 2016 through 2020: 2016: $1.67 And as there are other e-commerce brands with a delivery function waiting in the wings to go public — Instacart comes to mind — how Coupang fares in its IPO matters for a good number of domestic startups and unicorns. Coupang’s surging scale.

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Butternut Box wolfs down $354M for subscription canine cuisine

TechCrunch

Founded out of London in 2016, Butternut Box serves a handful of European markets with myriad culinary products spanning the meat and vegetable fray, […] -based startup that prepares and ships healthy food and supplements for dogs, is raising £280 million ($354 million) in a round of funding from General Atlantic and L Catterton.

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AI in the C-suite: Using AI to shape business strategy

CIO

Marcus Taylor has worked as an executive and thought leadership writer for the information technology industry since 2016, specializing in SaaS, healthcare IT, cybersecurity, and quantum computing. Learn about Nutanix’s AI platform, GPT-in-a-Box , and the latest IT industry trends in the 2024 Enterprise Cloud Index report.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

million in 2016. And that’s what the Zimbabwean government sought to accomplish when it introduced a financial inclusion scheme from 2016 to 2020. The number of bank accounts in the country stood at 1.5 million in 2020.

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Squire, a barbershop tech startup, triples its valuation to $250M in latest round

TechCrunch

Salvant and Squire’s other co-founder, Songe LaRon, began the business as a back-end barbershop management tool for independent businesses in 2016. “We just took off like a lightning bolt,” co-founder Dave Salvant tells TechCrunch.

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Nigeria’s Mono raises millions to power the internet economy in Africa

TechCrunch

Compare the payments market now with 2016, when Paystack and Flutterwave just started. The payments space in 2016 was very small and the number of people using cards online was very small,” said Hassan, who co-founded the company with Prakhar Singh. “The way I see it, our market is not that big.

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