Daniel Jarjoura’s Post

Why the Y Combinator thinks that now is the time to build #Govtech startups... "Now might be a uniquely good moment to give [selling software to the government] a shot. The deficit is running high and there is hope the government will find ways to reduce spending and operate more efficiently. At the same time, AI is now powerful enough to automate many types of administrative work the government spends billions of dollars per year on." "... building AI software to automate work done by the government would both reduce spending and make the government more efficient." - Harj Taggar Link to the article in the comments #Startups #Governments

The timing for Govtech startups seems promising, especially with the growing pressure on governments to reduce spending while improving efficiency. AI’s ability to automate administrative tasks can significantly cut costs, streamline operations, and increase productivity within the government sector. As governments face high deficits, there’s a strong incentive to adopt innovative solutions that enhance efficiency and reduce waste. The combination of AI technology and the need for operational reform makes this a potentially lucrative space for startups. Do you think AI is the key to transforming government operations, or are there other factors that need to be addressed first? #Govtech #Startups #ArtificialIntelligence

🇫🇷 Who are the hottest startups in Paris according to WIRED? Congrats to NcodiN and H Company who are the two #ElaiaFamily portfolio companies featured as WIRED rounds up the 100 hottest startups in Europe. Want to know more about why the French capital’s tech ecosystem is heating up? Hint: it’s about more than just AI talent. Read the full article here (thanks Morgan Meaker) 👉 https://lnkd.in/g2ZrwGCa

An exciting list of startups to watch in 2024 — top companies making waves in the tech industry. It's a goldmine for insights into emerging trends and innovations. As we navigate the startup landscape, keeping an eye on these dynamic companies can provide inspiration and valuable lessons for your own journey. 🚀🌐 #TechStartups #Innovation #StartupWatch2024 https://lnkd.in/df2_hvtH

Cohere has also attracted investors. The company has raised $500 million in a Series D funding, it plans to announce on Monday. The round was led by Canadian pension investment manager PSP Investments, alongside a syndicate of additional new backers including investors at Cisco Systems Inc., Japan’s Fujitsu, chipmaker Advanced Micro Devices Inc.’s AMD Ventures and Canada’s export credit agency EDC. The fresh financing more than doubles the startup’s valuation from last year, when Cohere raised $270 million in a round led by Montreal-based Inovia Capital, and brings its total cash haul to $970 million. The round has also coincided with an increasingly competitive landscape for venture funding, even in the closely watched world of AI. Reuters previously reported some details of the deal. Cohere is one of only a handful of startups building massive large language models from scratch, partly because the technology is extremely expensive and difficult to construct. Competitors include the likes of OpenAI, Anthropic and Google. OpenAI in particular has said its goals are wildly ambitious — attempting to build artificial general intelligence, or AGI, meaning AI software capable of performing as well as (or better than) humans at most tasks. Cohere is instead pursuing the immediately practical goal of making software to help companies run more efficiently. “We’re not out there chasing AGI,” said Nick Frosst, one of the company's three co-founders. “We’re trying to make models that can be efficiently run in an enterprise to solve real problems.” https://lnkd.in/gDf3FWRG

17 percent more #startup companies were founded in #Germany in the first quarter of 2024 than in the previous one. The online database Startupdetector registered 658 new young companies in Q1 2024, compared with 562 in the final three months of 2023. In terms of sector, #artificialintelligence (#AI) is becoming ever more important. 

[ARTIFICIAL INTELLIGENCE] A power list of best / top #genai startups to watch out for in 2024, combining rankings from 6 #venturecapital and top company lists - with Paul van der Boor: https://lnkd.in/daJU7kAw

The Information has a piece outlining that startup live can be difficult and outlines that with examples of ex-Googlers https://lnkd.in/gjYmR6Zb. #artificialintelligence #exgoogle #startup #challenge #theinformation

Reflecting on 25 years in the industry, it's evident that while technology commercialisation and achieving 'product-market fit' is tough for any startup, it is exponentially more difficult for deep-tech startups and those developing solutions based on deep tech. Not only is this only one of the highest-risk areas in the startup world but it also seems to be the least well-served in terms of support and information. DeepTech Commercialisation is a new focused initiative aimed at meeting the specific needs of deep-tech innovators with tailored support and also templated approaches to help navigate the unique challenges of this sector. Join us as we bridge the gap and offer insights and resources for success in the deep-tech ecosystem. https://lnkd.in/eAcBrN7z #deeptech #startup #productmarketfit #technologycommercialization

📢 Calling all quantum startups! Don't miss your chance to apply for the QAI Ventures #Q2B24 #Tokyo startup pitch competition! Make sure you apply before the July 10th deadline. This is your opportunity to showcase all the innovation you have been working on in front of enterprise executives, investors, and potential partners. See you all soon! #quantum #quantumcomputing #quantumsensing #quantumcommunications #quantumnetworks #quantuminternet #quantumalgorithms #QAI #AQI #QML #quantumstartups