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Elon Musk Backs Billion Dollar Artificial Intelligence Effort

socalTECH

Elon Musk , the billionaire technology mogul behind SpaceX, has put some money behind--surprisingly--an effort to help developer artificial intelligence research. Altman and Musk are co-chairs of the new group.

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What Is xAI? Elon Musk Reveals New Startup To Rival OpenAI

Tech.Co

The billionaire SpaceX chief certainly knows how to build an AI company, having co-founded ChatGPT owner OpenAI back in 2015, only to sell his stake three years due to a perceived conflict of interest with his electric vehicle company Tesla.

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Graze, Back By Wavemaker, Aims Robotic Mowers At Commercial Market

socalTECH

The company says its product is aimed at mowing large sized commercial lawns, and includes such features as GPS based mapping, computer vision, and machine learning capabilities. Graze says it is using equity crowdfunding through SeedInvest for its funding efforts. READ MORE>>.

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9 Innovative Startups To Watch For in 2024

Tech.Co

As investors continue pouring funding into artificial intelligence and consumer habits shift, many AI and subscription model startups have been enjoying rapid growth. However, its unique-for-the-industry monthly subscription model has helped it maintain healthy profits from its loyal customer base in 2023.

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Parallel Systems Picks Up $49.55M For Autonomous Trains

socalTECH

Culver City-based Parallel Systems, a startup developing autonomous train and transportation technology, said today that it has raised $49.55M in a Series A funding round. The funding was led by Anthos Capital, and also included Congruent Ventures, Riot Ventures and Embark Ventures. The company is led by CEO Matt Soule.

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9 Strategies For Implementing An Innovative Business

Startup Professionals Musings

More success has been logged with companies like Amazon, which lightly funds many business model experiments each year, and is not hesitant to pivot or learn from failures. Look for technologies to adapt from other domains.

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The Snap IPO Happened. What Next LA?

Both Sides of the Table

It’s hard to remember that in 2012 it was still hard for LA VCs to persuade investors into funds that LA was a viable market for great venture capital funds or convince many VCs that LA was a market worth investing dollars into startups. But this post is about the broader context of LA. And this is true. LA has only just begun.