ChatGPT tops 1M enterprise users | Newsletter

Our weekly tech newsletter. Subscribe today on our blog.

Quick Hits

API hike: X doubles pricing.

Auto-sales: Salesforce launches bot.

Beyond social: Meta builds search engine.

Blog bots: AI slop floods Medium.

Cloud cutback: Dropbox downsizes.

Code mode: GitHub goes multi-model.

Crypto card: Visa, Coinbase partner.

Elevated AI: Bhutan gets first AI startup.

Made in India: iPhone 17.

Mini marvel: AMZ leaks Mac Mini specs.

On the record: Oracle launches AI EMRs.

Quality bias: IG downgrades videos.

Recruit bot: LinkedIn launches hiring assistant.

Social capital: TikTok founder tops China.

Swiggy swing: Mumbai eyes IPO.

Tank rethink: Schmidt pushes drones.

Wrist shift: Kids embrace smartwatches.

Trending Startups

SMBs (heart) AI

Enterprise AI spending jumped 130% in a year with SMBs leading the way, according to a Wharton study.

‘Not advancing fast enough’

Despite popularity with enterprises, AI models are “not advancing fast enough to keep up with the lofty expectations enterprise leaders have today,” according to a Gartner analyst.

ChatGPT tops 1M

ChatGPT topped 1M enterprise customers—though consumers account for 75% of revenues. The company converts about 5% of its 250M free users to monthly subscriptions.

AI-enhanced education

Tutor CoPilot demonstrates how AI could enhance, rather than replace, educators’ work, according to MIT.

Monta charges into the U.S. market

Danish Monta aims for 1M EV charging points in 5 years after expanding to the U.S.

Spanish startup takes on Neoralink

Spanish startup Inbrain competes with Musk’s Neuralink to develop brain devices for treating neurological disorders.

Recently Funded

Asia

• India's COOX Raises $125k for Home Services Platform

• Vietnam's PangoCDP Secures $1.5M Seed for B2B Data Solutions

• India’s Auquan Raises $4.5M to Automate Financial Services

• India’s Zinc Raises $26M for Overseas Education Fintech

U.S.

• NYC-based Oboe Secures $4M to Personalize Learning

• Seattle-based Picnic Works Secures $5M to Automate Food Production

• U.S.-based Paterna BioSciences Raises $6M for Male Infertility Solutions

• NYC-based Casap Secures $8.5M for Fraud Prevention

• Denver-based FYLD Secures $10M for Fieldwork Platform

Europe

• Belgium's Wobby Secures $1.2M for Information Platform

• France-based Fungiball Secures $2.4M for Fantasy Sports

• London's Auquan Raises $4.5M Seed for AI Financial Services

• Portugal's Infraspeak Secures $19.5M to Enhance Facilities Management

Weekly Pulse

Startup We Love: SalesRevv

Why we love it: One-stop sales CRM for subscription businesses.

Launched this year with $3M in funding from California and India, SalesRevv quickly became the AI-powered CRM of choice for 30k subscription-based businesses and looks to scale.

Post of the Week

Podcast of the Week

Venture Scale, Y Combinator, and Financial Bubbles ("The Riff" with Bryne Hobart and Erik Torenberg)

Mastering Performance Reviews with Zach Davis (Back to Work)

Sam Parr - Raising Normal Kids After a Major Exit (World of DaaS)

Startups Hiring Now

Halen Technology: Halen is a super-app that offers a variety of services in one app | 2 open roles

Smart Mate: Smart Dialogue Systems | 8 open roles

Reflex Token: Reflex project wants to completely revolutionize the world of web3 | 4 open roles

Help us spread the word: we'll pay you $200 for every friend you get hired through Wellfound!