14 'Second Wave' startups aiming to take the AI era beyond cost cutting [Business Insider]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Business Insider
Have an account? Log in Kylan Gibbs leads Inworld's Second Wave AI startup accelerator. AI startups such as Luvu, Status, and Particle try to move AI beyond its initial cost-cutting phase. Innovative AI apps redefine user engagement and immersive experiences. Second Wave AI startups are trying to move beyond cost-cutting and use this technology to create brand-new experiences and generate new sources of revenue. The concept is being supported by Kylan Gibbs, a former DeepMind product manager who now runs an AI startup called Inworld. His company has raised more than $100 million from investors including Microsoft, Intel, and Founders Fund. In January, Gibbs launched a Second Wave AI startup accelerator to back up to 30 "Second Wave" AI startups — companies building new consumer experiences rather than bolting chatbots onto old workflows. Venture capital firms, including Khosla Ventures and Lightspeed Venture Partners , are involved, alongside leaders from OpenAI , Google,
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