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Every time OpenAI cuts a check for training data, an unlaunched competitive startup dies. Without a ‘safe harbor,’ AI will be ruled by incumbents.

Hunter Walk

Companies like the New York Times are willing to litigate this issue (at least as a negotiation strategy). Responsibility : Documented Trust and Safety protocols to allow for escalation around violations of your Terms of Service. These business deals are a substitute for unclear copyright and usage laws.

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Putting Data in a Corner: LLMs and Financial Services Data

Andreessen Horowitz

For new entrants looking to take advantage of the advent of LLMs and disrupt the status quo by going upstream of these incumbents, we’ve done a deep dive into Bloomberg, Morningstar, and Verisk’s stories. What is unique about their strategy is how they leveraged LPs to push the industry toward adopting their offerings.

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Textio’s Founder Kieran Snyder on the Two Advantages Startups Have in AI (While Remaining Skeptical Of The Funding Gold Rush)

Hunter Walk

I was publishing quite a bit of original research about bias in workplace documents like performance reviews and job posts, a bunch of it went viral, and I got to know a lot of people who eventually became Textio customers. But when your team is the larger organization, you can’t use this strategy.

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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

TechCrunch

And according to David Wechsler, a principal at OMERS Ventures, “having an embedded strategy is not required for venture funding.” Every time a big name enters insurance, there is always a mix of skepticism from incumbents and a reminder that change is needed. We are clearly in the early days, whatever the industry!”

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India’s central bank cracks down on fintech startups

TechCrunch

Some banks have been employing the same strategy for like a decade!” Fintech startups are convinced that banks have lobbied the RBI to reach this decision, employing the age-old tactic where incumbents cry foul and rely on the regulator to rescue the day. ” the founder added.

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Vesta closes on $30M in an a16z-led Series A to build a new kind of mortgage infrastructure

TechCrunch

Part of that includes “aggressive” hiring plans — particularly across engineering and product development — and an emphasis on its go-to-market strategy. ” “This is very contrary to the incumbents,” Yu told TechCrunch. “We

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

The platform provides various tools and apps for accomplishing different tasks across freight procurement, trade and transport management, freight audit and payment and document management, as well as dispatch planning and analytics. Customers can customize the tools and apps or build their own using Pando’s APIs.

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