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Oritain raises $57M for its forensic, big-data science approach to tracking the origin of goods

Global supply chains have made the world smaller by enabling us to have virtually anything we want at the tap of a finger. But when it comes to things like verifying a physical object’s origin or its composition, those same fragmented chains and the many steps between a producer and a buyer can be an

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Prolific raises $32M to train and stress-test AI models using its network of 120K people

AI, when it works well, can feel like magic, but all too often AI-based systems don’t work as they should: If the data used to train models is not deep, wide and reliable enough, any kind of curveball can send that AI in the wrong direction. A London startup called Prolific has built a system

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We should all be worried about AI infiltrating crowdsourced work

A new paper from researchers at Swiss university EPFL suggests that between 33% and 46% of distributed crowd workers on Amazon’s Mechanical Turk service appear to have “cheated” when performing a particular task assigned to them, as they used tools such as ChatGPT to do some of the work. If that practice is widespread, it

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After investing $28B in Slack, Salesforce bets on one of its own as new CEO

In a flurry of activity at the end of last year, Salesforce announced that co-CEO Bret Taylor was stepping down. Shortly thereafter, Slack co-founder and CEO Stewart Butterfield announced his exit. We would soon learn that his replacement would be Lidiane Jones, who at the time was GM of Commerce Cloud, Marketing Cloud and Experience

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T. Rowe Price has marked down its stake in Canva by 67.6%

Last summer, Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion by investors in a $200 million round in the fall of 2021, Blackbird adjusted its own valuation of the company 36% to $25.6 billion. Now,

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Indian SaaS startup Capillary Technologies grabs $45M to expand globally

Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement, has raised $45 million in a funding round, as it plans to expand into global markets and widen its reach through mergers and acquisitions. The funding arrives at a crucial time amidst the prevailing market slowdown, where startups, particularly those

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OpenFin’s attack on the ‘toggle tax’ in financial apps secures it a $35M Series D round

Not unlike a post-Internet-era Bloomberg Terminal, OpenFin was a startup which joined the revolutionary world of user interfaces to fast-moving information, back in 2010. If you cast your mind back, those old interfaces were not good, to put it mildly. Think what it was like ordering a cab 15 years ago? Any app that made

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