venture maximalist
London
Joined September 2017
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dinika x m2 retweeted
We started Zaro.ai because we believe AI can do much more for a business with one current, governed account of how it works, one that people and AI can both use and contribute to. When a decision or correction becomes part of that shared context, the next project can build on it rather than beginning again.
The chance to put that belief to work with @juventusfc is extraordinary. This is a moment to appreciate. Then back to building.
dinika x m2 retweeted
NON COMPETES BANNED
Today, the PM has announced that his Government will legislate to functionally ban non-compete agreements for startups and scaleups in the UK or as he called it - the Bosman ruling for ruling for the innovation sector' 😂
At the @StartupCltn been working on this for months and we think it’s a huge potential unlock for our tech ecosystem.
Here’s what you need to know…
- Measures to functionally ban non-competes for startups and scaleups in the UK are going to be set out.
- There will also be consultation on a wider set of restrictive practices including gardening leave.
- More detail on these plans at the budget in a few weeks (Wednesday 28th October) including a timetable for consultation with a view to legislation in the coming months.
We think this is a huge move and so do lots of friends including so many of the great founders that signed the letter with Inherent just the other week.
Why? Because talent matters and mobile talent means startups can build. The Valley was built on free-flowing talent. In the UK, we’re now seeing our own versions of this story with companies being built from alumni of both homegrown firms like Revolut and beyond. But we need that to move faster. Hiring and building faster means British startups and scaleups can grow faster. Barriers to that slow our ecosystem down.
We won’t pretend it will be perfect, and people (including some of our friends but also lots of fairly vested interests too) will have a right to disagree. But we think that startups will thrive and win in a faster paced Britain.
So we are delighted with the progress today - as part of a strong speech by the PM outlining his ambition for building the world’s leading innovation nation including more on tax, growing companies outside London and more. But this is the start, not the end of the process. The announcement launches a consultation. It doesn't mean the issue is settled. How far reform goes, and what it looks like on the ground, is still to be decided.
The Prime Minister today has done something that can materially impact the trajectory of the UK tech ecosystem and with it our economy - but only if we make sure it’s delivered. So, the real work starts now.
dinika x m2 retweeted
Trace.Space launches Trinity: the AI harness that makes scaling physical AI possible.
Hardware teams have the ideas, the funding and working prototypes. What slows them down is finding out, weeks too late, what a change broke.
See Trinity live on October 8.
dinika x m2 retweeted
We believe @proximafusion just might be Europe's first trillion dollar company! See why in this convo between
@filipdames and Proxima's Co-Founder and CEO Francesco Sciortino >> youtube.com/watch?v=QpEQo3HW…
dinika x m2 retweeted
The last few months at @CherryVentures 🌪️🍒🚀
🚀 @dash0hq raised $100m Series B at a $1bn valuation
🚀 @mosscredit raised $50m Series C at a $1bn+ valuation
🚀 @proximafusion raised $470m Series A at a $2.7bn valuation
🚀 @ExplorationTEC raised $450m Series C at a $2bn valuation
🚀 Salesforce acquired @contentful
🚀 Fortino Capital took a majority stake in Operations1
Big shoutout to our incredible founders and much more to come in H2!
joyfully, we have arrived at the moment where our personal agents will be bidding against each other to make restaurant reservations 🙃
dinika x m2 retweeted
Through the leaves on Highbury Fields, pinhole style projections of the eclipse
dinika x m2 retweeted
River Markets, which gives professional traders a single place to trade across multiple prediction markets, raised an $8.5M seed led by Haun Ventures (@c_grigera / Fortune)
(Visit Techmeme dot com for the link and full context!)
long Europe 🇪🇺
All European nations to boycott World Cup if Fifa goes ahead with controversial investment plan bbc.in/3RDovXM
Love this from @HarryWetherald + topical. Enterprises we speak to are reeling from the shock of LLM tooling spend
One team's AI security tooling was heading for $4M a week at full scale. The fix was not a bigger model. Once you have seen enough real-world data, a smaller model matches frontier results at a fraction of the cost.
@HarryWetherald from @Maze_Security on the pod
dinika x m2 retweeted
The Prime Minister, @andyburnham, today asked me to attend Cabinet as Minister for AI, a sign of his deep commitment to AI's importance.
AI is likely the most significant technology in human history. Its impact will dwarf other things.
The best case for it is compelling beyond our dreams: a reindustrialised Britain, stronger national security, public services transformed for the better.
The risks, too, are real: it is right that the British public shares those worries, for jobs, for the pace of change.
The central fact is that it is happening. Nations have a narrow window to decide whether they shape AI or get shaped by it. Britain is in that window right now.
While that window is still open, I will act with pace, I will act with ambition, and I will focus relentlessly on securing British influence in shaping AI.
I will also bring to this job the place I represent - a constituency in Wales, a nation with industry and ambition at its heart, a proud history of punching above its weight on the global stage. A nation which welcomed a 12-year old and his family, gave us the best chance at opportunity, put me in Parliament as Wales' first ethnic minority MP, and now affords me the chance to make a mark in Cabinet. Diolch o galon to everyone in the Vale of Glamorgan.
bloomberg.com/news/articles/…
unsurprising to those of us whom witness this daily -
the volume and quality are higher than we have seen in years
It's been interesting and puzzling to witness the problems with accuracy in UK economic statistics over the past few years. (See the links in the next tweet for more.) It seems that the Office for National Statistics, ONS, now struggles to effectively measure basic figures such as employment, trade, and inflation. This resulted in a quite scathing government report published last summer, where Robert Devereux, a former permanent secretary, concluded that "most of the well-publicised problems with core economic statistics are the consequence of ONS’s own performance."
There's a lot of discussion about the travails facing the UK these days (including this big piece in The Atlantic a few weeks ago[1]), and the problems with the ONS feel like an unsettling microcosm of diffuse decline in broader institutional competence.
Anyhow: at Stripe, we became curious about the UK's published entrepreneurship data. While we observe a boom in many parts of the world, official figures don't show a similar increase in the UK. In the latest Stripe Economics post, we dug into the data, and, as far as we can tell, the official figures are probably misleading. The good and the bad news (mostly good, I think!) is that the UK is almost certainly witnessing an unmeasured boom in entrepreneurship: stripeeconomics.com/p/is-the…
UK-specific issues aside, I suspect that this measurement question is illustrative of forthcoming econometric challenges. Keeping the world's macro indicators up-to-date in response to the faster-than-usual changes wrought by AI will be both increasingly difficult and increasingly important in the coming years.
[1] theatlantic.com/magazine/202…
dinika x m2 retweeted
Looking for an engineer to join Tano in London.
AI-native influencer marketing. Small team, agents in production, brands paying for it.
I'm the CTO. DM me and I'll tell you exactly what we're building and what you'd own. No recruiter, no form, I read every message.
Link in bio
dinika x m2 retweeted
Make Energy Cheap Again
German startup Proxima Fusion has raised €411 million from a range of investors, including national energy firm RWE and Google, to develop a nuclear fusion plant it hopes will be operational in the 2030s bloomberg.com/news/articles/…
dinika x m2 retweeted
It's almost comical seeing Salesforce push Agentforce so much for AI (and most tech companies not giving a damn about it), and ignoring that Slack is THE tool that each and every tech company is using as their AI connective tissue.
Salesforce "won" AI infra, but never noticed ha