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AI on the Rise: Innovation, Investment, and Challenges
Welcome to PlugAI daily AI updates!
Today’s updates: Pathway Raises $10M: French startup Pathway secured $10M to develop live AI systems that think and learn like humans. Swish Ventures Launched: Ex-NBA player Omri Casspi raised $60M to fund early-stage AI, cybersecurity, and cloud startups. UK Tops G7 in AI Readiness: Salesforce’s report highlights the UK as a leader in agentic AI, excelling in AI adoption and innovation. White House Urges Safer AI: Arati Prabhakar calls for stricter measures to curb AI misuse, including deepfakes and wrongful arrests.
Today New’s Contains of:
Pathway Secures $10M to Advance Live AI Systems
Omri Casspi Launches $60M Swish Ventures Fund
UK Leads G7 in AI Readiness with Salesforce Report
White House AI Chief Pushes for Safer Tech Practices
Reading time: 3 minutes
Pathway Secures $10M to Advance Live AI Systems
French startup Pathway has raised $10M in seed funding to develop AI systems that think and learn in real-time, mimicking human reasoning. Backed by TQ Ventures and AI pioneer Lukasz Kaiser, the funds will propel the startup’s mission to redefine live AI capabilities. Read More
Omri Casspi Launches $60M Swish Ventures Fund
Former NBA player Omri Casspi unveiled Swish Ventures, a $60M fund aimed at early-stage cybersecurity, cloud, and AI startups. This marks his second venture fund after the $36M Sheva Capital, solidifying his transition into tech investment. Read More
UK Leads G7 in AI Readiness with Salesforce Report
Salesforce’s UK AI Readiness Index highlights Britain as a global AI leader, with a readiness score of 65.5—outperforming the G7 average. While showcasing advancements in agentic AI, the report underscores the need for improved SME support, cross-sector partnerships, and talent investment. Read More
White House AI Chief Pushes for Safer Tech Practices
Arati Prabhakar, Director of the White House OSTP, called for stricter oversight of AI misuse, particularly with deepfakes and wrongful arrests linked to facial recognition. She emphasized the role of payment processors and tech firms in mitigating harm as AI tools evolve. Read More
Quick Recap:
From groundbreaking funding in live AI systems and venture capital investments to the UK’s leadership in agentic AI and concerns over AI misuse, today’s updates showcase the dynamic world of artificial intelligence. Here’s what you need to know.
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