Founder

Yang Zhilin, founder of Dark Side of the Moon, and Zhang Yutao, co-founder and CTO of Dark Side of the Moon, were filed for arbitration in Hong Kong by the investors of the former company Cycle Intelligence, and the related electronic arbitration application has also been submitted to HKIAC (Hong Kong International Arbitration Center). In this regard, David Morrison, senior partner of Minter Ellison Law Firm, responded to the First Financial today that: "Our firm has been entrusted by Mr. Yang Zhilin and Mr. Zhang Yutao to pay attention to the relevant arbitration matters. We believe that the matter lacks both legal and factual basis, and our firm will raise a defense in accordance with the law." Also according to Dark Surge Waves ...

In a recent podcast, Cohere CEO Aidan Gomez said that the current competition in the AI industry is very fierce, and the business of selling AI models is rapidly becoming a "zero-profit industry." He mentioned that companies like OpenAI and Anthropic invest billions of dollars each year in training large models like GPT-4 and Claude, but due to fierce price competition, the overall business has become extremely fragile. Source Note: The image is generated by AI, and the image licensing service provider M…

According to The decoder report on Thursday, Clément Delangue, CEO of the open source AI community Hugging Face, said in an interview mid-month that more and more AI startup founders want to sell their companies, which may indicate that the AI market is about to see consolidation. On June 13, Hugging Face announced that it would acquire a small company called Argilla for $10 million (currently about RMB 72.819 million)…

丨Key Points① Faced with the computing power and data advantages of large technology companies, small AI startups need to focus on building products and services that are different from large companies and have unique value.② Data is often overvalued as a marketable asset. The real value lies in how to use the data, not the data itself.③ There is uncertainty in technological progress and market response. The venture capital model accepts a certain proportion of failure as part of the innovation process.④ Companies such as Google and Microsoft are willing to sacrifice national and global interests in pursuit of profits, while demanding that the government restrict the openness of technology, revealing the morality and…

Introduction: This is a sign of a bubble in the AI startup market. The venture capital industry has been a mostly sad story over the past year, with thousands of startups struggling to raise funds and many companies closing down. However, for some lucky founders, the market is still frothy. Source Note: The image is generated by AI, and the image licensing service provider Midjourney A few days ago, Dan Sirok, co-founder and CEO of Rewind AI, decided to seek new investors. He expected that there would be many venture capitalists vying to meet, so the entrepreneur decided to screen out the ones who were really interested…

Kirill Zubovsky, who spoke on the GeekWire podcast in January 2023 about his experience starting Smartynames, an AI-powered domain name venture. When your startup hits choppy waters, it’s easy to abandon ship. However, in my journey, I’ve found that what appears to be an end can be an opportunity in disguise. If your startup isn’t getting the traction you were hoping for, it may be time to pivot or even sell. Trust me, there is light at the end of the tunnel. You can profit, learn,…