Businesses are already being radically transformed by artificial intelligence (AI). Tools now exist that offer instantaneous, high-quality results in improving certain operations without the burden of high costs or delays. In fact, generative AI could completely upend the traditional ways that we measure success in business. Generative AI refers to programs that produce high-quality text, images, ideas and even complex software code in response to prompts (questions or instructions) from a user. Applications powered by data-driven algorithms enable users to quickly create high-quality content, redefining traditional measures of success. A small café can generate aesthetically pleasing menus in a few…

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Artificial intelligence (AI) makes important decisions that affect our everyday lives. These decisions are implemented by firms and institutions in the name of efficiency. They can help determine who gets into college, who lands a job, who receives medical treatment and who qualifies for government assistance. As AI takes on these roles, there is a growing risk of unfair decisions – or the perception of them by those people affected. For example, in college admissions or hiring, these automated decisions can unintentionally favour certain groups of people or those with certain backgrounds, while equally qualified but underrepresented applicants get overlooked.…

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Across Europe, skills shortages are emerging as a key challenge. The Council of the European Union says this is driven by demographic change, demand for new skillsets, and poor working conditions in some sectors. Adding to that, a recent report highlighted that around 42% of Europeans lack basic digital skills, including 37% of those in the workforce. The rapid advancement of AI is adding more pressure. While AI offers the EU a shot in the arm to strengthen the bloc’s innovation and competitiveness, there is still a gap between the skills required, and the skills available. 5 jobs to discover…

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Every year, millions of businesses are created around the world. In order for these big ideas to turn into successful startups, most of them will inevitably come up against the challenges of fundraising.  While there is no magic formula, there are variables that founders can hone in on when engaging with potential investors. TNW sat down with San Francisco-based VC Plug and Play early-stage investor Letizia Royo-Villanova during the Red Bull Basement global final in Tokyo to get her insights.  The one thing that really needs to stand out, according to Royo-Villanova, is the drive and authenticity of the founder.…

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Finnish startup Oura has closed its Series D funding round at $200mn, bringing the smart ring maker’s valuation to a cosy $5.2bn. Oura’s smart ring uses 20 biometric markers to track sleep, physical activity, and stress resilience. The device displays this data on an app that gives you a personalised “readiness” score. We tested the wearable earlier this year and were genuinely impressed.  Founded in 2013, Oura secured its first funding on Kickstarter, the crowdfunding site, in 2016. Counting this new tranche of capital, the tech startup has raised $550mn since inception. “We’ve made significant progress in advancing our mission to make…

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