"Second Wave AI startups are trying to move beyond cost-cutting and use this technology to create brand-new experiences and generate new sources of revenue. The concept is being supported by Kylan Gibbs, a former DeepMind product manager who now runs an AI startup called Inworld. His company has raised more than $100 million from investors including Microsoft, Intel, and Founders Fund."
"Luvu is an AI-powered fitness app that acts as a highly personalized personal trainer, using generative AI to send tailored motivational messages and real-time workout feedback. Through computer vision and reinforcement learning, it verifies users' exercises, adapts to their behavior, and creates a continuous feedback loop designed to boost engagement and retention. Luvu raised a pre-seed round with a16z speedrun and a seed round with investors including Insiders Ventures."
Kylan Gibbs runs Inworld and has raised more than $100 million from investors including Microsoft, Intel, and Founders Fund. He launched a Second Wave AI accelerator in January to back up to 30 startups building new consumer experiences instead of bolting chatbots onto existing workflows. Participating venture firms include Khosla Ventures and Lightspeed, and leaders from OpenAI, Google, and Stripe are involved. A demo day will take place in early March in San Francisco, with intros to potential investors. Example startups include Luvu, an AI-powered fitness trainer, and Status, an AI-powered social simulation game.
Read at Business Insider
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