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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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The ElliQ eldercare robot gets a hardware upgrade, generative AI for improved conversations

TechCrunch

In Tel Aviv, meanwhile, Intuition Robotics has been promoting a “companion” robot since 2016 […] © 2023 TechCrunch. In recent years, other markets have begun exploring the space. Labrador Robotics’ home assistive system is a good example here in the States. All rights reserved. For personal use only.

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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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Amazon acquires podcast network Wondery

TechCrunch

The startup was founded in 2016 by former Fox executive Hernan Lopez (who’s currently fighting federal corruption charges tied to his time at Fox). Financial terms were not disclosed. The Wall Street Journal previously reported that acquisition talks were in the works, and that those talks valued Wondery at around $300 million.

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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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