Startup One Stop

The Power of AI: Who Is Truly Hallucinating?

April 16, 2024 Bonnie Comments 0 Comment

Image by OpenClipart-Vectors from Pixabay

It’s a tough funding environment right now and although we’ve often reminded founders that some of the most successful companies launched during the toughest times in funding, that fact often gets lost in the tough-times funding headlines.

The current exception seems to be if/when founders have ‘AI’ someone front and center in their pitches. As we all know at this point because the hype machine/tech press impresses it upon us every two or three headlines, AI is going to change the world, replace most jobs, eliminate entire professions.

Including coding itself, if Devin is any indication. Devin is “An AI startup that’s not even 6 months old says it’s worth $2 billion Cognition Labs is building an AI tool for writing code — and seeking a valuation six times its current level,” said Quartz. Read More...

The Police Blotter of Tech

April 9, 2024 Bonnie Comments 0 Comment

Big Tech never shrinks from pushing the envelope, or as the motto goes, ask forgiveness, not permission. We suppose that when you get away with it long enough and often enough, the lines don’t blur. They simply cease to exist.

Ask forgiveness is really understating the sentiment. In reality, their true approach is ‘why stop there?’

TikTok’s troubles just got worse: The FTC could sue them, too, Politico reported. Read More...

Apple Antitrust Suit: Let the Games Begin – Again.

March 26, 2024 Bonnie Comments 0 Comment

Let’s face it: the good people at Apple believe that they’re just smarter than the rest of us. When Epic Games sued the company over their monopolistic practices – taking such a huge vig from products in the app store, Apple did win most of the civil suit, but had to make concessions to comply with California law.

Apple attempted to block Epic from starting a competing app store. Until Apple Reverse(d) Course and Allow(ed) Epic Games to Start (One), said the New York Times. “Days after Epic Games, the maker of Fortnite, complained publicly that Apple had blocked it from starting a competing app store in Europe, the technology companies said Apple had reversed course and would allow Epic to go ahead with its plan.” But only did so to comply with a new European tech competition law.

Think Different might not always be such a good idea after all and damn those pesky laws! What’s a mother – or monopoly – to do? Read More...

Tik Tok, Tik Tok, Tik Tok

March 19, 2024 Bonnie Comments 0 Comment

Due to the purported national security concerns posed by China-based ByteDance’s ownership of Tik Tok, the video sharing app which is used by around 170 million Americans and more than a billion people globally is in the spotlight. Congress is attempting to pass a law requiring that ByteDance divest itself of its interest in the company.

The ban would go into effect in six months.

“These countries have blocked or restricted it (Britain, EU, Canada, India, New Zealand, Afghanistan and Pakistan and note – primarily on government-issued devices),” the Washington Post reported. “The federal government already bans TikTok on government-owned devices.” Read More...

Zombie VCs: the Era of the Walking Dead Funds

March 12, 2024 Bonnie Comments 0 Comment

VCs ask founders a lot of questions. It’s a big part of their job. They’re deploying other people’s money and just as founders have an obligation to make money for their investors, venture firms have an obligation to bring preferably significant returns to theirs.

Founders need to ask investors questions, too. The most important one (or two): are you still deploying funds/when was the last time you made an investment?

PitchBook recently reported that the number of VCs in US deals peaked at 18,504 in 2021 and fell to 9,966 last year. Read More...

THIMK!

February 27, 2024 Bonnie Comments 0 Comment

That’s not a typo. It was a Mad magazine cover – Mad having been the Onion or Babylon Bee of its day – and according to dpgreatlife, “Thimk” was a poke at Thomas J. Watson, Sr., who was once at NCR and later IBM. Watson’s simple mantra was “Think.”

The Atlantic recently ran a piece entitled THE RISE OF TECHNO-AUTHORITARIANISM Silicon Valley has its own ascendant political ideology. It’s past time we call it what it is.

In the relatively early days of Web 2, we wrote an editorial warning that the age of social was creating companies with greater populations than have most countries on the planet. In fact, we called them as nation-states, and warned back then that they could become more powerful than any government on the planet. It might have taken them 10+ years, but it seems at least the Atlantic seems to be catching on. Read More...

Is Software Trying to Take Too Big a Bite Out of the World?

February 20, 2024 Bonnie Comments 0 Comment

Image by Clker-Free-Vector-Images from Pixabay

Valentine’s Day just passed, and as we know, at least some humans always seem to go looking for love in all the wrong places. Thank heavens for AI hitting the love space, where people finally can meet someone literally tailor-made for them, but you know love: is anything really as it appears?

This just in: Your AI Girlfriend Is a Data-Harvesting Horror Show “The privacy mess is troubling because the chatbots actively encourage you to share details that are far more personal than the typical app, Gizmodo reported. “According to a new study from Mozilla’s *Privacy Not Included project, AI girlfriends and boyfriends harvest shockingly personal information, and almost all of them sell or share the data they collect.

“To be perfectly blunt, AI girlfriends and boyfriends are not your friends,” said Misha Rykov, a Mozilla Researcher. “Although they are marketed as something that will enhance your mental health and well-being, they specialize in delivering dependency, loneliness, and toxicity, all while prying as much data as possible from you.” Read More...