OpenAI’s ChatGPT chatbot, powered by the latest language-writing technology, GPT-4, has been adapted for malicious activity by cybercriminals. The tool, which has received $10bn from Microsoft and $300m from various VC firms, will now come in a ChatGPT Business version, designed for professionals and enterprises who require control over their data usage.
Despite the downturn in share prices and valuations in the psychedelics industry, a TechCrunch survey shows that investors and founders are increasingly focused on building a sustainable industry that can positively impact people’s lives. The industry is grappling with practical issues such as therapy costs, infrastructure bottlenecks, and commercialisation strategies, while regulatory progress is slow, with only Oregon and Colorado partially decriminalizing psychedelics. However, investors are also eyeing international locations, such as Australia, as potential testbeds for psychedelic medicine research.
💰 The majority of institutional investors still avoid investing in psychedelics.
🧪 The industry is focused on solving practical issues related to therapy costs, infrastructure bottlenecks, and commercialisation strategies.
🌍 International locations, such as Australia, could serve as a testbed for psychedelic medicine research.
🔬 Satori Neuro is a venture firm investing in solutions aimed at addressing mental health challenges, including psychedelic medicine.
Fintech startups struggle to provide fast and accurate customer onboarding, risking non-compliance with regulatory requirements, as well as growth and investment. A data fabric that unifies enterprise data is the solution.
💡FinTech startups’ Achilles’ heel is fast and accurate customer onboarding.
💡Inability to manage required data and processes contributed to the decline in investment in 2022.
💡Data fabric creates a virtual data layer, allowing a holistic view of enterprise data while securing it from unauthorized access or viewing.
Netflix is planning to cut costs by $300 million this year after delaying its plans to crackdown on password sharing until Q2. The streaming giant is not implementing a hiring freeze and gave profit guidance of generating at least $3.5bn by 2023.