Hiya, folks, welcome to TechCrunch’s regular AI newsletter. This week in AI, Gartner released a report suggesting that around a third of generative AI projects in the enterprise will be abandoned after the proof-of-concept phase by year-end 2025. The reasons are many — poor data quality, inadequate risk controls, escalating infrastructure costs and so on. […]
Adfin wants to fix bill payments for sole traders and small companies
Meet Adfin, a new UK-based fintech startup that wants to help companies get their invoices paid — whatever it takes. Founded by two fintech experts, the company is starting with a problem and building a product around it. The problem is that it’s still hard to get paid if you’re set up as a sole […]
OpenAI breach is a reminder that AI companies are treasure troves for hackers
There’s no need to worry that your secret ChatGPT conversations were obtained in a recently reported breach of OpenAI’s systems. The hack itself, while troubling, appears to have been superficial — but it’s reminder that AI companies have in short order made themselves into one of the juiciest targets out there for hackers. The New […]
Europe is still serious about ESG, and Apiday is helping companies comply
European regulation is turning ESG reporting from a nice-to-have to a must. This creates new tailwinds for startups such as Paris-based Apiday, whose platform targets private equity funds and blue-chip companies needing to track and pilot sustainability practices. Asset management firms have been a key target for Apiday, especially European ones. Because of the Sustainable […]
As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently
Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to […]