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AI & Enterprise

Shapes raises $8 million seed funding for group chat app where AI characters and people coexist

Shapes, a group chat app where people and AI characters converse together, has exited stealth mode and disclosed an $8 million seed funding round, TechCrunch reported on April 29. Lightspeed led the round, with participation from AI Capital Partners, AI Grant and individual investors. Founded in 2022, the company has more than 400,000 monthly active users. It positions the product as a way to reduce so-called AI psychosis by bringing AI into everyday group conversations.

Crypto

Former UK prime minister says Britain in structural economic stagnation, backs bitcoin

Former British Prime Minister Liz Truss said Britain has been stuck for decades and blamed the country\'s long-term stagnation on currency debasement and flawed monetary policy. She said inflation and new money issuance have driven down the pound\'s value and that the current financial environment has increased interest in bitcoin. Truss warned the system is designed to tighten centralised control through regulation and taxation and argued bitcoin can counter that trend.

Industry

AX needs fair data as manufacturing accelerates AI shift

AX, or AI transformation, is not the same as a smart factory but the next stage after factory automation and data-based smart operations, the article says. It describes how LG Display applied its own AI production system across OLED processes, cutting design and quality-improvement times and saving more than 200 billion won a year. China is pushing a national shift and leads in WEF lighthouse factories. South Korea is supporting manufacturing AI projects and an alliance.