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Virtual Avatars fueled by Generative AI increasing B2B sales and marketing scalability

Vidyard, a popular video messaging company, has recently announced its entry into the virtual digital avatar market and secured new funding of $15M from Export Development Canada (EDC), BMO Capital Partners, and existing investors Battery Ventures, Bessemer Venture Partners, and iNovia Capital. This brings the company’s total funding to $90.7M. According to Gartner Research, AI …

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Samsung backs ‘world’s most powerful’ AI chip for edge devices

Eindhoven-based startup Axelera has raised $68mn as it looks to take its AI chip business global. One of the lead investors is Samsung Catalyst, the venture arm of semiconductor giant Samsung Electronics.   Axelera is developing chips, known as AI processing units (AIPUs), that enable computer vision and generative AI in devices like robots and drones. The …

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Neobank Monzo unveils new anti-fraud features in case of phone theft

UK-based neobank Monzo has unveiled three app-based security features, aiming to safeguard user accounts from criminals even in the case of phone theft. The new security tools are designed to prevent criminals from transferring or withdrawing amounts from Monzo accounts by offering an additional layer of protection. The digital bank plans to officially roll them …

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