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AI Video Training Startup Colossyan Raises £17.4M to Transform Digital Learning!💥

AI Video Training Startup Colossyan Raises £17.4M to Transform Digital Learning!💥

Author

Fabien B
October 01, 2024

📖 TODAY’S ISSUE

🧵 Here are some insightful AI updates and tools we’ve curated for you today:

🚀 Latest in AI and Tech Discover cutting-edge AI advancements and transformative technologies.

🛠️ Cool AI Tools Explore innovative tools that are revolutionizing the AI landscape.

💡 AI Tips and Best Practices: Get actionable insights to enhance your AI projects and productivity.

🚀 Emerging Innovators: Spotlight on the Latest AI and Tech Startups

AI is transforming tax compliance by automating manual data entry, reducing errors, and increasing efficiency. Traditional methods, prone to mistakes and resource-intensive, are being replaced by AI-powered tools like Alphamap, which map financial data into tax software quickly and accurately. This shift allows accountants to focus on higher-value tasks such as tax planning and advisory services. Firms adopting AI see significant time savings, improved accuracy, and enhanced profitability, giving them a competitive edge.

What We Think

AI is transforming tax compliance processes by tackling the core inefficiencies of manual data entry. Firms that embrace AI-driven solutions can streamline their workflows, reduce the risk of errors, and elevate the value they provide to clients. With AI, accountants can now shift their focus toward strategic advisory services, positioning themselves as key partners in their clients' financial growth.

Researchers at Flinders University are using AI to improve PCR DNA profiling, enhancing performance for degraded samples in forensics. The AI system optimizes PCR conditions, leading to more accurate and reliable results. This innovation can also boost efficiency in clinical diagnostics and environmental monitoring.

Nvidia Shares Drop as China's AI Firms Shift to Domestic Chipmakers

At Meta's Connect conference, CEO Mark Zuckerberg highlighted new capabilities of Meta AI, which is now used by 400 million people monthly. Enhancements include voice input for the assistant on Facebook, Messenger, WhatsApp, and Instagram, featuring the voices of celebrities like Awkwafina and John Cena. Meta AI can also understand images and automatically dub videos, making content accessible in different languages. This development could challenge dedicated startups like HeyGen by offering similar features directly within Meta’s platforms.

Supercharge Creativity with Local AI-Powered Desktops

Local AI-enhanced desktops are revolutionizing the creative process by offering tailored, secure solutions on your machine. Whether editing videos, making music, or brainstorming, local AI helps overcome hurdles like low-quality footage or tricky sound design. Unlike cloud-based AI, local AI offers better data security, faster performance, and reduced energy consumption. From super-resolution video upscaling with RTX Video to enhanced gaming experiences with DLSS, local AI ensures faster workflows and more immersive results, keeping you focused on bringing your ideas to life.

💡 Prompt of the Day

Leveraging AI for Personalized Learning Experiences

Prompt: How can AI revolutionize the healthcare industry, and what ethical considerations should be addressed as AI technology advances in medical applications?

💻 COOL AI TOOLS

A simple and effective time-tracking tool that helps SaaS teams manage their time efficiently. Toggl provides detailed reports on how time is spent across projects, making it easy to optimize productivity and allocate resources effectively. Its integrations with project management tools enhance its utility for remote and distributed teams.

A customer data platform that simplifies the process of collecting and managing customer data across multiple touchpoints. Segment enables SaaS companies to centralize data from various sources, allowing for a unified view of the customer journey and better decision-making through data-driven insights.

A shared inbox and communication platform designed to streamline customer support and team collaboration. Front allows SaaS companies to manage emails, chats, and social media messages in one place, ensuring faster response times and improved customer satisfaction. Its workflow automation and analytics features enhance support team efficiency.

💸 WHO RAISED?

Discover startups who just raised funds.

Berlin-based AI startup Briink has secured €3.85 million in seed funding to further develop AI tools that help ESG (Environmental, Social, and Governance) teams verify and benchmark sustainability data. The funds will support the creation of specialized AI agents designed to streamline workflows and ensure data accuracy. Briink's AI-driven solutions aid over 40 enterprise clients by improving the quality of environmental data to meet stricter regulations like the European Green Deal. This innovation allows ESG teams to focus on strategic, high-impact tasks, driving progress toward sustainable goals.

Colossyan, an AI startup specializing in generating workplace training videos, has raised £17.4 million ($22 million) in its latest funding round. Founded in 2020, the company converts text prompts into training videos hosted by AI avatars, significantly reducing traditional video production costs. With notable clients like Porsche, Vodafone, and Paramount, Colossyan has experienced rapid growth, expanding its team from 15 to 45 employees in the past year. The funding round, led by Lakestar, will help the company further innovate in the AI-driven corporate learning space, challenging competitors like Synthesia.

Raffaele Terrone, cofounder of Italy’s first unicorn, Scalapay, has raised $3.3M for his new startup, Desia, which uses AI to assist investment professionals in analyzing data for potential investments. Led by Dig Ventures, the funding round also saw participation from 2100 Ventures, Exor Ventures, and Octopus Ventures. Desia aims to streamline the traditionally manual process of data sorting in private equity and investment roles, acting as an AI copilot for professionals. The funding signals growing momentum in Italy’s maturing fintech scene.

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