Banking and Finance

AI investing trends in 2024

2024: The Next Big Wave in AI Investing

2024 is turning out to be a huge year for AI investing. Investors are super excited and here’s why: they think we’re moving from hype to something more real and sustainable in AI.

Specialized AI Startups on the Rise

  • Niche Focus: We’re seeing a shift towards AI startups that really zoom in on specific sectors.
  • Deep Dives Over Layers: These new players are digging deeper into industries, not just building on existing tech.

Lisa Wu’s Perspective

Lisa Wu from Norwest Venture Partners is all about verticalized AI. She thinks these focused startups are safer bets because big companies can’t easily replicate them.

Why It’s a Big Deal

Startups are getting super specific. They know the ins and outs of industries, like law firms, and are using AI to make things cheaper, more efficient, and just better.

Wrapping Up

So, 2024? It’s not just another year in AI. It’s the start of something special – a world where AI gets down to business in a whole new way. Keep an eye on this space; it’s getting interesting! 🚀💡🤖

Check out our previous blogs, ‘Smart Investing with AI‘ and learn how to ‘Invest in AI‘ and capitalize on the future, for insights into AI investment strategies.

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Innovative Banking Solutions with AI

Hyperplane: AI Meets Banking

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Let’s talk about Hyperplane, a cool startup from San Francisco that’s shaking up the banking world with its AI technology.

Big Moves in AI and Banking

Hyperplane just stepped out of stealth mode and they’re already making waves. They’ve secured a sweet $6 million in funding, with former Stripe exec Lachy Groom leading the charge. Their big idea? Using AI to predict how customers behave.

Personalized Banking? Yes, Please!

Banks have tons of data on us, right? Hyperplane’s all about turning that data into personalized experiences. Imagine your bank knowing exactly what you need before you even ask. That’s what they’re aiming for.

Brazil to the USA

These guys are busy! They’re already working with about a dozen banks in Brazil. Now, they’re eyeing the U.S. market, ready to bring their AI magic stateside.

Not Just Banking

While banking’s their current playground, Hyperplane has bigger plans. They’re looking to spread their tech wings into other industries down the road.

The Brains Behind the Operation

The co-founders of Hyperplane aren’t newbies. They’ve got serious chops in building AI systems at major tech companies. Their mission? To help banks really get the most out of their data, creating experiences that customers will love.

Making an Impact

They’re not just talking a big game. Hyperplane’s already boosted transaction volume for a neobank in Brazil. And they’re gearing up to announce some big U.S. partnerships soon.

In Conclusion

Hyperplane is more than just a startup; it’s a game changer in how banks use data. With their AI, banking’s set to become a lot more personal and efficient. Keep an eye on Hyperplane – they’re going places!

Check our blog on Smart Investing with AI.

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