Author Archives: NYC Journals Staff

2024: Year of the IPOs? 2023 saw very few major tech IPOs apart from a few notable examples such as Instacart and Klaviyo. Yet Florida Funders partner Saxon Baum notes that a robust IPO market in 2024 will provide the much-needed liquidity to fully defrost the startup ecosystem. “It’s a pure trickle-down effect,” he explained.Continue reading “2024: The Year of Tech IPOS”

2023 wasn’t exactly a banner year for startups – in Miami or elsewhere. While US startups raised $370B in 2021 and $248B in 2022, they only raised about $149B in 2023, according to Dealroom data. Refresh Miami’s ecosystem data paints a similar picture, with startups receiving about the same amount of funding in 2023 as in 2020, but aContinue reading “Miami Venture Capitalists shares views on startup scene”

Big rounds marked January, with three companies raising over $100 million. Quantum computing topped the list, with the company that resulted from the merger of Cambridge Quantum Computing and Honeywell’s quantum division raking in the third-largest round for a quantum computing company ever. Another chart-topper was an advanced packaging company that began mass production inContinue reading “Tech Startups January 2024 Report”

The card game Set has long inspired mathematicians to create interesting problems. Now, a technique based on large language models (LLMs) is showing that artificial intelligence (AI) can help mathematicians to generate new solutions. The AI system, called FunSearch, made progress on Set-inspired problems in combinatorics, a field of mathematics that studies how to countContinue reading “Human mathematicians outdone by DeepMind AI”

 Hey readers, welcome back to another post. Today, we’ll be talking about harnessing the power of AI in Quantum Computing and Quantum Mechanics. In the ever-evolving landscape of technology, the convergence of artificial intelligence (AI) and quantum computing represents a paradigm shift with profound implications. The synergy between these two cutting-edge fields promises to accelerateContinue reading “AI in the Quantum Field”

LastMile AI, a platform designed to help software engineers develop and integrate generative AI models into their apps, has raised $10 million in a seed funding round led by Gradient, Google’s AI-focused venture fund. AME Cloud Ventures, Vercel’s Guillermo Rauch, 10x Founders and Exceptional Capital also participated in the round, which LastMile co-founder and CEOContinue reading “LastMile AI closes $10M seed round to ‘operationalize’ AI models”

The world of fintech is no stranger to disruption, and a new startup is poised to accelerate that transformation. Co-founded by former members of Brex, this innovative venture has raised a noteworthy $5 million in funding. With a focus on AI-powered solutions and a mission to aid fintech teams in scaling their operations, this pre-revenueContinue reading “Former Brex duo raises $5 million for new, pre-revenue A.I. agent startup meant to help fintech teams scale”

In the realm of financial enterprises, the integration of cutting-edge technologies is paramount for maintaining a competitive edge. One such technology that is reshaping the landscape is ChatGPT, an advanced language model developed by OpenAI. As businesses seek to streamline operations, enhance customer experiences, and optimize decision-making, the adoption of ChatGPT holds significant promise inContinue reading “ChatGPT in Finance”

Paris has a new foundational AI player. Poolside AI, a startup that wants to create a ChatGPT-like tool that can write software code, has raised a mammoth $126m seed round, according to two sources directly involved with the fundraising. The US-based startup has also opened a French subsidiary and decided to move its HQ toContinue reading “New Tech Startup Poolside AI raises 126m”

The dawn of artificial intelligence (AI) has ushered in a new era of possibilities across industries, and finance is no exception. One of the intriguing questions arising from this technological surge is whether AI can ever fully replace human financial advisors. In this article, we delve into the evolving landscape, weighing the capabilities of AIContinue reading “The Role of AI in Finance: Can It Replace Human Financial Advisors?”

AI startup Modular said on Thursday it had raised $100 million in a new funding round, led by venture capital firm General Catalyst, with participation from existing investors Google Ventures, SV Angel, Greylock and Factory. Modular is among a clutch of AI startups that have benefited from a boom in the hi-tech sector following theContinue reading “AI Startup Modular Raises 100m”

The bond market, often known for its stability and conservative nature, is undergoing a technological transformation powered by artificial intelligence (AI). As financial markets adapt to the digital age, the integration of AI algorithms is reshaping the landscape of bond trading, analysis, and risk management, ushering in a new era of efficiency and insight. Bonds,Continue reading “AI in Bond Trading”