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Top related persons:
EvenUp - 1 it's - 1 Rami Karabibar - 1 Karabibar - 1 Abdi Aidid - 1 Aidid - 1 OpenAI's ChatGPT - 1 Raymond Mieszaniec - 1
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EvenUp Saam Mashhad
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Business - 1 Microsoft - 1 University of Toronto - 1 Lightspeed Venture Partners - 1 Simon Law - 1 Bain Capital Ventures - 1

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2 mentions found


☆ EvenUp's valuation soared past $1 billion on the potential of its AI. The startup has relied on humans to do much of the work, former employees say.
  + stars: | 2024-12-13 | by ( Ben Bergman | ) www.businessinsider.com   time to read: +12 min
Former employees told BI the company has relied on humans to do much of the work. Former employees told Business Insider that the startup has relied on humans to complete much of the work. The former employees said they witnessed numerous problems with EvenUp's AI, including missed injuries, hallucinated medical conditions, and incorrectly recorded doctor visits. EvenUp technical errorsThe eight former EvenUp employees told BI earlier this year that this process has been far from automated and prone to errors. EvenUp's AI could be helpful in simple cases that could be completed in as little as two hours.
Persons: EvenUp, it's, Rami Karabibar, Karabibar, Abdi Aidid, Aidid, OpenAI's ChatGPT, Raymond Mieszaniec, Saam, Ray, didn't, We've, Mieszaniec, EvenUp's, Robert Simon, Simon, Sarah Hinkfuss, Hinkfuss Organizations: Business, Microsoft, University of Toronto, Lightspeed Venture Partners, Simon Law, Bain Capital Ventures Locations: EvenUp, Saam Mashhad
☆ Europe's tech ecosystem nursed a hangover in 2022 as the post-pandemic party ended and VCs returned to fundamentals
  + stars: | 2022-12-28 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
VCs returned to slower capital deployment and due diligence processes after a record-breaking 2021. The COVID-19 pandemic and the last remnants of the era of cheap money led to reckless abandon in funding markets with tech startups raising capital at record rates, often at valuations untethered from reality. VC cash dried up considerably this year with investors pumping $16 billion into startups in the third quarter of 2022, a 44% annual decline. Numerous VCs told Insider the past two years had felt like an out-of-control celebration with many "now looking around at the aftermath and thinking about tidying up. " "The ecosystem is nursing its hangover after two years of a big party," Arne Morteani, founding partner at Kiko Ventures said.
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