Fintech startup, on sale
First up this evening, in its most recent funding round high profile, high flier Benevolent AI saw its market valuation cut in half, suggesting The Fintech bubble is slowly deflating. About one minute to read (NB: peruse related links for additional information about this firm’s application of AI).
Comment: many early stage investors who flooded this sector with capital are finding out AI is hard to broadly commercialise. AI for niche applications? Yes. AI for Big Business? Not so easy.