logo
AI security startup Unbound raises $4 million in round led by Race Capital

AI security startup Unbound raises $4 million in round led by Race Capital

Time of Indiaa day ago

Synopsis
Wayfinder Ventures, Y Combinator, Massive Tech Ventures, and angel investors like Alpha Square Group and Northside Ventures participated in the oversubscribed seed funding round of the startup. Unbound, which helps organisations safely integrate GenAI into their workflows, plans to use over $1 million for hiring and expanding its R&D efforts.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns
DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns

Economic Times

time4 hours ago

  • Economic Times

DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns

Mary Meeker predicts AI will spawn numerous trillion-dollar companies, with competition intensifying from firms like China's DeepSeek. Rising training costs for leading US models, such as OpenAI's GPT, are creating opportunities for cheaper, task-specific alternatives. The current AI landscape resembles a capital-intensive commodity market, demanding deep funding and patient investors for startups to thrive. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Artificial intelligence (AI) forerunners like OpenAI could soon face serious competition from cheaper rivals such as China's DeepSeek , according to renowned Silicon Valley analyst and investor Mary Meeker Meeker, an early investor in companies like Meta, Spotify, and Airbnb, told the Financial Times that AI will create 'multiple companies worth $10 trillion' — and not all of them will be based in North America. 'The wealth creation will be extraordinary. We've never had a five-billion-user market that was this easy to reach,' she a recent report, Meeker and others point out that US companies, such as OpenAI's GPT and Google's Gemini, leading the development of large language models (LLMs) are now facing rising training costs. At the same time, competition from players like DeepSeek has intensified.'The business model is in flux,' Meeker wrote. 'Smaller, cheaper models tailored for specific tasks are emerging, challenging the idea that one large, general-purpose LLM can do it all.'While AI companies have enjoyed rise in revenues and stock prices, they face growing threats. New, more powerful chips and improved algorithms are lowering the cost of running AI models. This is helping competitors like DeepSeek launch models that are more affordable and goes on to underscore that, in the short term, these AI businesses are starting to look like commodity operations that burn through venture capital at a rapid pace. Despite the advances in the space, training the most advanced AI models is still extremely expensive. Costs have increased 2,400 times in the past eight years, making it nearly impossible for smaller players to compete. Only a few companies can afford to keep up, and even those lack a clear path to lower prices and more model options benefit consumers, they create a tough environment for startups. To survive, these companies need deep funding and patient investors. Meeker compares their situation to companies like Uber, Amazon, and Tesla , which all spent heavily for years before turning a reported earlier this week how several Indian startups may have to tap external funding to scale up their GenAI-based applications as AI companies such as OpenAI and Anthropic pause steep price cuts of their generative AI rose to fame during her time at Morgan Stanley with bets like Google and Apple, earning the moniker "queen of the internet". She joined venture capital firm Kleiner Perkins in 2010 and later co-founded her own firm, Bond, in 2019.

DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns
DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns

Time of India

time5 hours ago

  • Time of India

DeepSeek can undercut larger ChatGPT, ace investor Mary Meeker warns

Artificial intelligence (AI) forerunners like OpenAI could soon face serious competition from cheaper rivals such as China's DeepSeek , according to renowned Silicon Valley analyst and investor Mary Meeker . Meeker, an early investor in companies like Meta, Spotify, and Airbnb, told the Financial Times that AI will create 'multiple companies worth $10 trillion' — and not all of them will be based in North America. 'The wealth creation will be extraordinary. We've never had a five-billion-user market that was this easy to reach,' she added. In a recent report, Meeker and others point out that US companies, such as OpenAI's GPT and Google's Gemini, leading the development of large language models (LLMs) are now facing rising training costs. At the same time, competition from players like DeepSeek has intensified. 'The business model is in flux,' Meeker wrote. 'Smaller, cheaper models tailored for specific tasks are emerging, challenging the idea that one large, general-purpose LLM can do it all.' While AI companies have enjoyed rise in revenues and stock prices, they face growing threats. New, more powerful chips and improved algorithms are lowering the cost of running AI models. This is helping competitors like DeepSeek launch models that are more affordable and efficient. Live Events She goes on to underscore that, in the short term, these AI businesses are starting to look like commodity operations that burn through venture capital at a rapid pace. Despite the advances in the space, training the most advanced AI models is still extremely expensive. Costs have increased 2,400 times in the past eight years, making it nearly impossible for smaller players to compete. Only a few companies can afford to keep up, and even those lack a clear path to profitability. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories While lower prices and more model options benefit consumers, they create a tough environment for startups. To survive, these companies need deep funding and patient investors. Meeker compares their situation to companies like Uber, Amazon, and Tesla , which all spent heavily for years before turning a profit. ET reported earlier this week how several Indian startups may have to tap external funding to scale up their GenAI-based applications as AI companies such as OpenAI and Anthropic pause steep price cuts of their generative AI models. Meeker rose to fame during her time at Morgan Stanley with bets like Google and Apple, earning the moniker "queen of the internet". She joined venture capital firm Kleiner Perkins in 2010 and later co-founded her own firm, Bond, in 2019.

The NYT paradox: Suing OpenAI, then signing with Amazon
The NYT paradox: Suing OpenAI, then signing with Amazon

Economic Times

time8 hours ago

  • Economic Times

The NYT paradox: Suing OpenAI, then signing with Amazon

NYT News Service The New York Times building in Manhattan The New York Times (NYT) has signed a licensing agreement with Amazon, allowing the tech giant to use its editorial content to train its artificial intelligence (AI) models. But this is not something new. Other media groups, such as News Corp — the owner of The Wall Street Journal, Barron's, MarketWatch, and The New York Post — struck similar deals with OpenAI in May last year. What makes this development notable or even ironic is the timing: it comes even as the NYT continues a legal battle with OpenAI and Microsoft for copyright infringement. The beginning In 2023, the NYT alleged that millions of its articles had been used without consent to help train their AI technologies. Back then, it was the first major US news outlet to sue OpenAI and Microsoft. "Defendants seek to free-ride on NYT's massive investment in its journalism by using it to build substitutive products without permission or payment," the lawsuit stated, as filed in Manhattan federal the NYT didn't specify a damages figure, it estimated that the unauthorised use of its content had caused 'billions of dollars' in harm. Additionally, the media company had spent $10.8 million by February this year on legal costs related to the generative artificial intelligence (GenAI) litigation, according to The Hollywood Reporter. NYT's case for collaboration 'The collaboration will make The New York Times's original content more accessible to customers across Amazon products and services, including direct links to Times products,' said NYT in a statement to further noted that the partnership highlights both companies' shared commitment to delivering global news and perspectives through Amazon's AI offerings. In addition, CEO Meredith Kopit Levien said, 'The deal is consistent with our long-held principle that high-quality journalism is worth paying for. It aligns with our deliberate approach to ensuring that our work is valued appropriately, whether through commercial deals or through the enforcement of our intellectual property rights.' Domino effect The NYT's move paved the way for other publishers to follow suit. Publications such as the New York Daily News, Chicago Tribune, Orlando Sentinel, and Florida's Sun Sentinel also filed lawsuits against OpenAI and claimed the tech companies had 'purloined millions of the publishers' copyrighted articles without permission and without payment.'However, the backlash wasn't limited to the United States. In November 2024, Indian news agency ANI launched legal action against OpenAI for using its published content without permission. It also alleged that ChatGPT falsely attributed fabricated stories to the agency. Just two months later, Indian media houses, including Gautam Adani's NDTV and Mukesh Ambani's Network18, also approached a New Delhi court, seeking to join the ongoing legal battle against the AI firm. Indian book publishers and their international counterparts joined in, too. Rising anxiety News organisations are increasingly anxious about the impact of AI on their workforce. One of the most recent examples is Business Insider, which announced layoffs affecting around 21% of its staff, according to Fox News the decision, CEO Barbara Peng said, 'The company is fully embracing AI,' noting that 70% of the team already uses Enterprise ChatGPT. She added that the goal is to achieve full journalism, creative professionals in writing, acting, and related fields also fear that AI will exploit their online work to produce competing content without fair compensation. AI models can already generate human-like text, images, and code in on the Amazon licensing deal, New York Times CEO Meredith Kopit Levien said, 'The deal is consistent with our long-held principle that high-quality journalism is worth paying for. It aligns with our deliberate approach to ensuring that our work is valued appropriately, whether through commercial deals or the enforcement of our intellectual property rights.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store